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PYQ 1200 Q/A Part - 1
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Kerala PSC Indian Economy Book Study Materials Page 500
Book's First Page18.28 ndian onom regard to DBT with regard to LPG and kerosene discipline and suggest improvements consumers—Chandigarh and 8 districts of theirin; Haryana have become kerosene free. Besides, 84 (iii) Suggest measures to improve allocative Government schemes have also been boarded on effeciencies in the existing expenditure the DBT platform. The idea of DBT will also be classification system, including focus on key to India’s transition to a cashless economy— capital expenditure; as pointed by the Economic Survey 2015-16 and (iv) Design a framework to imrpove vindicated in the post-demonetisation period. operational efficiency of expenditures The Economic Survey 2015–16 suggested through focus on utilization, targets and the DBT solution for farm loans and interest outcomes; subvention schemes availed by the farmers. It (v) Suggest an effective strategy for meeting further advised for replacing the existing system reasonable proportion of expenditure on of MSP/procurement based PDS with DBT services through user charges; which will free the market of all controls on (vi) Suggest measures to achieve reduction domestic movement and import. The present in financial costs through better Cash system distorts the concept of a market and needs Management Ssystem; to be discontinued to enhance productivity in (vii) Suggest greater use of IT tools for agriculture, as per the Survey. expenditure management; (viii) Suggest improved financial reporting exPendIture management systems in terms of accounting, commIssIon budgeting, etc., and By early September 2014, the GoI constituted an (ix) Consider any other relevant issue Expenditure Management Commission (EMC) concerning Public Expenditure through a Resolution. The EMC will look into Management in Central Government various aspects of expenditure reforms to be and make suitable recommendations. undertaken by the government and other issues concerning Public Expenditure Management. need of PuBlIc Investment The Commission has one full time, one part We see the new government at the Centre time and one ex-officio members other than initiating several reforms. Together with the Chairman of (Cabinet rank). Dr. Bimal Jalan is experts, the Government of India also believe that its first Chairman. The terms of reference of the this has revived the investor sentiment. But a real Commission are as given below: investment flow is yet to pick-up, especially from (i) Review the major areas of Central the private sector. The cause for such a situation Government expenditure, and to suggest has been identified as the “balance sheet syndrome ways of creating fiscal space required to with Indian characteristics”. The Economic Survey meet developmental expenditure needs, 2014–15 has analysed this situation in greater without compromising the commitment details. to fiscal discipline. In such a scenario, together with other (ii) Review the institutional arrangement, measures, the most important action which has including budgeting process and FRBM been suggested is “boosting the public investment”. rules, for enforcing aggregate fiscal Merit of such an action has been emphasised by