TOP 10 MOST

COMPETITIVE

ASIAN ECONOMIES

INDIA GENERAL

ELECTIONS  2019

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BIZ STANDARDSEDITION 7   

MAY 2019    WWW.BIZSTANDARDS.COM

INDIAN ECONOMIC

REPORT

TIK TOK STORY 

ELECTIONS IN BUSINESS

POINT OF VIEW

STARTUP

INDIA VISION 2024

6 Successful Editions

Editor's Note

Dear readers,

We have successfully published 6 editions of biz standards E-

magazine, and this our Seventh edition.

Our previous editions have been widely appreciated by our

readers community, with each new edition, we have seen a steep

increase in number of downloads of our E-magazine.

In our Seventh edition, we bring you some of the topics

like General Elections in India, Startup India Vision 2024, Top

10 most competitive Asian economies, Indian Economic Report,

and other topics related to Entrepreneurship.   

Happy Reading. 

Naveen Kumar B

CEO & Editor  Biz Standards 

Contact: 7899991115

Email: editor@bizstandards.com 

CONTENTS

05 - India Votes in General Elections 2019

14 -  Elections in Business Point of View

19 - Tik Tok Story 

26 - Startup India Vision 2024

32 - Top 10 most competitive Asian economies

45 - Indian Economic Report 

 

INDIA VOTES IN

GENERAL ELECTIONS

B I Z S T A N D A R D S | 3

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B I Z S T A N D A R D S | 3

The 2019 Indian general election is scheduled to be held in seven phases from

11 April to 19 May 2019 to constitute the 17th Lok Sabha.

The counting of votes will be conducted on 23 May, and on the same day the

results will be declared.

Legislative Assembly elections in the states of Andhra Pradesh, Arunachal

Pradesh, Odisha and Sikkim will be held simultaneously with the general

election.

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Highlights of the Congress manifesto Introduce a Nyuntam Aay Yojana welfare program wherein ₹72,000 (US$1,000) per year will be transferred directly to the bank account of a woman-member in each family in the poorest 20 percent households in India. Create 1 million "Seva Mitra" jobs in rural and urban local government bodies. Fill all 400,000 central government vacancies before March 2020, and encourage state governments to fill their 2,000,000 job vacancies. Enact a law that requires all non- government controlled employers with over 100 employees to implement an apprentice program. Enact a permanent National Commission on Agricultural Development and Planning and introduce a "Kisan Budget" (Farmer Budget) in the parliament every year. Waive all farmer loans in all states with any amounts outstanding. Enact a Right to Homestead Act that will provide free land to every household that does not own a home. Enact a Right to Healthcare Act and guarantee every Indian citizen free diagnostics, free medicines, free hospitalization and free out-patient care. Double India's spending on healthcare to 3 percent of its Gross Domestic Product by 2024. Double India's spending on education to 6 percent of its Gross Domestic Product by 2024. Revise the national GST law from three tax tiers to GST 2.0 law with a single moderate rate of tax. Reduce taxes on exported products to zero. Exempt from the GST essential goods and services that are currently not exempt. Enact a new Direct Taxes Code in addition to this revised GST 2.0 law. Augment the total length of national highways, increase the pace of construction. Massively modernise Indian railway infrastructure. Promote green energy. Make India one of the top manufacturing hubs in the world. Increase defense spending to strengthen Indian Armed Forces. Enact a National Election Fund, wherein public funds will be distributed to recognised political parties to run their campaign Preserve special status and special rights to natives of Jammu and Kashmir under Article 370 and 35A of the Indian constitution.

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Highlights of the BJP manifesto Double farmer incomes by 2022 by completing all major and micro-irrigation infrastructure projects, opening adequate markets and modern farm produce storage centers, implement minimum price supports for farmer produce, farmer loans and all-weather rural roads. Introduce a pension bill for small and marginal farmers. Bring all secondary schools under the national board quality preview. Invest ₹1,000,000,000,000 (US$14 billion) in higher education, open new and increase seats at existing engineering, management and law schools. Establish skills and innovations center at block-level in every town. Enhance higher education opportunities for women by introducing financial support and subsidies programs. Source 10% of government procurement from companies with more than 50% female employees. Ensure a pucca (lit. brick-solid, modern) house, safe potable water, toilet, LPG gas cylinder, electricity and banking account for every family. Reduce the percentage of families living under the poverty line to a single digit by 2024. Double the length of national highways. Improve fuel quality by mandating 10% ethanol in petrol. Scale renewable energy capacity to 175 GW. Electrify and convert to broad gauge all Indian railway tracks. Establish 150,000 health and wellness centers across India. Start 75 new medical colleges. Raise doctor-to-population ratio to 1:1400. Triple childcare facilities in India. Achieve 100% immunization of all babies in India. Raise India's ranking further in "ease of doing business". Double India's exports, introduce single-window compliance procedures for all businesses. Reduce air pollution by eliminating all crop residue burning in India. Zero tolerance for terrorism, fund resources to strengthen national security, guarantee veterans and soldier welfare, modernize police forces. End special status and special rights to natives of Jammu and Kashmir under Article 370 and 35A of the Indian constitution because these provisions have prevented the development of the state.

Other parties The Tamil Nadu-based regional parties, and arch rivals AIADMK and DMK released their 2019 election manifesto on March 18 2019, with each promising to release the seven Tamils jailed after being found guilty for their role in the assassination of Rajiv Gandhi, a former Congress party leader and prime minister of India. The AIADMK has promised to press for the political rights of the Tamil people in the Eelam region of Sri Lanka, while the DMK has promised Indian citizenship to all Sri Lankan expats. According to the Deccan Herald, the AIADMK has promised a cash transfer of ₹18,000 (US$250) per year to "all families below the poverty level, destitute women, widows without income, differently-abled, landless agricultural labourers, rural and urban manual labourers and destitute senior citizens". The AIADMK has also promised to raise the tax exemption limit, and revisions to the GST tax law. The DMK has promised a probe into Rafale fighter jet deal between India and France, and a plan to distribute free sanitary napkins to working women along with starting martial arts schools for girls.

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The Biju Janata Dal (BJD) released its manifesto on April 9 2019. It promises a ₹100,000 (US$1,400) zero-interest crop loan to farmers every year, a ₹500,000 (US$7,000) zero-interest loan to women-run self-help groups, 75 percent jobs reservation in Odisha-based companies to Odisha youth, free education to all girls and a marriage assistance grant of ₹25,000 (US$350) to daughters of poor families. It also promised to complete an expressway connecting the state's north to its south, as well as another expressway to connect its east to its west. The Communist Party of India – Marxist (CPM) 2019 election manifesto promises subsidies, less role for a free market and greater state control of the economy. It also promises raising the minimum wage to ₹216,000 (US$3,000) per year, restoring inheritance tax, and raising the taxes on individuals and corporations. In other aspects, according to CNBC India, the CPM manifesto "bring back the memories of the socialist era which bred monopoly and wasteful state subsidies" in India. The Samajwadi Party has promised an annual pension of ₹36,000 (US$500) to poor families in a form of a cash transfer to women. It has also proposed a new property tax of 2 percent on homes valued above ₹25,000,000 (US$350,000) as well as raising income taxes on the affluent. The party's manifesto promises creating 100,000 new jobs every year in India. The Telugu Desam Party released its manifesto on April 5 2019. It promised zero-interest loans to farmer without any caps, a grant of ₹15,000 (US$210) per year to each farmer as investment support, a grant of ₹100,000 (US$1,400) to each family with a daughter in the year of her marriage, an unemployment allowance of ₹3,000 (US$42) for any youth who has completed intermediate education, and free laptops to all students at the intermediate level. The Trinamool Congress' manifesto was released on March 27 2019. It promises a judicial probe into demonetization, a review of GST law by experts, and that it will seek to bring back the Planning Commission. The Trinamool manifesto also promises free medical care along the lines that the Trinamool state government has been implementing in West Bengal. Trinamool will seek to expand the "100-day work scheme" currently operating in India to "200-day work scheme" along with an appropriate pay increase. The Nationalist Congress Party (NCP) in its manifesto promised to open talks with Pakistan. The party said that if voted to power, the party will discuss terrorism with Pakistan.The party also wants to deepen relationship with Russia to weaken Russia's ties with China and Pakistan.

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Parties and alliances

More than 50 parties are contesting these elections.Most of them are small with regional appeal.The main parties are the Bharatiya Janata party(BJP), and the Indian National Congress (INC). With the exception of 2014, no single party has won the majority of seats in the Lok sabha since 1984, and therefore forming alliances is the norm in Indian elections. In the 2019 general election, there are four main national pre-poll alliances.They are the NDA headed by the BJP, the UPA headed by the INC,the grand alliance of regional parties, and the left front of Communist leaning parties.Given the volatile nature of coalition politics in India, alliances may change during and after the election. The INC has not formed alliance in states where it is in direct contest with the BJP.These states include Himachal Pradesh, Uttarakhand, Rajasthan, Gujarat, Madhya Pradesh and Chhattisgarh.It has formed alliances with regional parties in Jammu and Kashmir, Bihar, Tamil Nadu, Maharashtra, Karnataka, Jharkhand, and Kerala. The party has not been able to form alliance with other parties in Uttar Pradesh, West Bengal, Andhra Pradesh, Northeast, Delhi, Punjab, Haryana and Goa. Early in the campaign in January 2019, Mayawati (president of the Bahujan Samaj Party) and Akhilesh Yadav (president of the Samajwadi Party) announced an alliance to contest 76 seats out of the 80 in Uttar Pradesh and the alliance will not fight in four seats, namely Amethi and Rae Bareli which they left for Congress and another two for other political parties. The alliance did not include Congress, with Mayawati stating, "Including Congress in the alliance will hurt SP-BSP prospects as Congress's votes do not get transferred" and "the policies of both these parties [BJP and Congress] have been mostly the same". The alliance was the second of its kind with a similar coalition formed 25 years ago in 1993.

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Final voters list for Indian General Election 2019 Male 468 million Female 432 million Third gender 38,325 Total voters 900 million

India General Elections could be world's most expensive The upcoming general elections in India will be the most expensive in Indian history and perhaps one of the most expensive ever held in any democratic country, a US-based expert has said. "The combined US presidential and congressional elections in 2016 cost USD 6.5 billion. If the 2014 Lok Sabha elections cost an estimated USD 5 billion, there is little doubt the 2019 election will easily surpass that - making India's elections the world's most expensive," Milan Vaishnav, senior fellow and director of the South Asia Program at the Carnegie Endowment for International Peace think-tank told .

Elections Business Point of View

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9,000 ATM screens in the Coimbatore district now display a common message: “No note for vote.” With the Assembly election just a week away and Tamil Nadu emerging notorious for bribing voters, the Election Commission has undertaken a systematic voter education and electoral participation (SVEEP) initiatives to ensure inclusive and ethical participation of the public in the assembly election. The slogan for Tamil Nadu is 100 per cent enrollment and 100 per cent voting depicted as #TN100percent in the social media. “Low cost, high visibility” initiatives of the EC include SVEEP messages on all ATM screens. “The EC has asked the banks to display the slogan “No note for vote” on the ATM screen saver.

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‘Greater Participation for a Stronger Democracy’ Systematic Voters’ Education and Electoral Participation program, better known as SVEEP, is the flagship program of the Election Commission of India for voter education, spreading voter awareness and promoting voter literacy in India. Since 2009, we have been working towards preparing India’s electors and equipping them with basic knowledge related to the electoral process. SVEEP’s primary goal is to build a truly participative democracy in India by encouraging all eligible citizens to vote and make an informed decision during the elections. The programme is based on multiple general as well as targeted interventions which are designed according to the socio-economic, cultural and demographic profile of the state as well as the history of electoral participation in previous rounds of elections and learning thereof. We are always looking forward to achieving the aim of building a stronger democracy through greater synergy with Civil Society Organisations, Media and Corporate Houses and even greater queries, suggestions, and participation from individuals. The Election Commission The Election Commission of India is an autonomous constitutional authority responsible for administering election processes in India. The body administers elections to the Lok Sabha, Rajya Sabha, State Legislative Assemblies in India, and the offices of the President and Vice President in the country. The Election Commission operates under the authority of Constitution per Article 324, and subsequently enacted Representation of the People Act.

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Political Parties' Expenditure On Online Ads May Double This Election According to Google's Political Advertising Transparency Report, the total spend on its various digital segments for Elections 2019 surpassed Rs. 86,311,600 since February 19 this year. Online advertising expenditure by political parties is likely to double to Rs. 400-500 crore this Lok Sabha election compared to 2014, riding on the growing smartphone penetration and cheaper Internet packs, experts said. According to Google's Political Advertising Transparency Report, the total spend on its various digital segments surpassed Rs. 86,311,600 since February 19 this year. A similar report by Facebook showed such expenditure at Rs. 121,845,456 for 61,248 ads. The 2019 general election is being held in seven phases across the country, from April 11 to May 19. The results will be announced on May 23. News channels may garner ₹300 crore from poll ads Ad spending may touch ₹80,678 crore in 2019, the fastest growth in 4 years, driven by elections and World Cup 2019 Ad spending for Elections 2019 may go up to ₹1,000 crore across platforms, with TV taking the lion’s share The Bharatiya Janata Party (BJP) has been running campaigns under Phir Ek Baar Modi Sarkar (once again a Modi government) while the Congress is promoting itself through the Ab hoga Nyay (justice will happen now) slogan which is also a reference to the Nyuntam Aay Yojana, the party’s minimum income guarantee promise, and its key poll-pitch.

Enjoy  Summer

www.driveadream.in call: 9620445783

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Tik Tok Story 

One of The world’s most valuable startup

TikTok is media app for creating and sharing short videos. The application allows users to create short music videos of 3–15 seconds and short looping videos of 3–60 seconds. It is a leading short video platform in Asia, United States, and other parts of the world. Owned by ByteDance, the app was launched as Douyin in China in September 2016 and introduced to the overseas market as TikTok one year later. In 2018, the application gained popularity and became the most downloaded app in the U.S. in October 2018. As of 2018, it is available in over 150 markets, and in 75 languages. In July 2018, the app had more than 500 million users globally.

valued at US$75 billion

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How Does TikTok Make Money? Agencies reported in October that ByteDance had not yet turned a profit, though its 2018 target revenue is over $7 billion. There have been rumors for months that the company is planning to go public this year. TikTok offers in-app purchases of coins, starting at 100 for $0.99 and leveling up to 10,000 for $99.99. Users can give coins to their favorite creators, who can in turn exchange them for digital gifts. Mobile intelligence firm Sensor Tower reported that TikTok users worldwide spent $3.5 million on in-app purchases during the month of October 2018, which is nearly four times what they did in October 2017. (It’s unclear what the platform itself earns from this, but Musical.ly had a similar system and received 20% of each tip.)

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Ban in India On 3 April 2019, the Madras High Court while hearing a PIL had asked the Government of India to ban the app, citing that it "encourages pornography". The court also noted that children using the app were at risk of being targeted by sexual predators. The court further asked broadcast media not to telecast any of those videos from the app. The spokesperson for TikTok stated that they were abiding by local laws and were awaiting the copy of the court order before they take action. On 17 April, both Google and Apple removed TikTok from Google Play and the App Store. As the court refused to reconsider the ban, the company stated that they were confident about the existing users being able to use the platform even as downloads were blocked. They also claimed that they had removed over 6 million videos that violated their content policy and guidelines. The matter is scheduled for hearning on 22 April. Ban lifted in India On 25 April 2019 TikTok app is no longer banned in India, after a court in Tamil Nadu reversed its order of prohibiting downloads of the app on App Store and Google Play. Initially, it stated the platform was encouraging the spread of explicit content and “cultural degradation” after concerns of pornographic purposes and exploiting children. Following a plea from the TikTok developers Bytedance Technology, the ban was lifted and the app can once again be downloaded.

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Zhang Yiming - Founder of ByteDance (TIK TOK) He founded ByteDance in 2012 and developed the news aggregator Toutiao and the video sharing platform TikTok (Douyin). As of 2019, with more than 1 billion monthly users, ByteDance is valued at US$75 billion, making it the most valuable startup in the world. Zhang's personal wealth is estimated at $13 billion, making him the 9th richest person in China.

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Startup India Vision 2024

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ANIL KUMAR GUPTA

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Recently Department for Promotion of Industry and Internal Trade (DPIIT) under Ministry of Commerce and Industry, proposed Startup India Vision 2024. DPIIT has an objective to strengthen the complete ecosystem for startups. As per my own understanding, it will boost the ease of doing business too. • Facilitating setting up of 50,000 new startups in the country • Creating 20 lakh direct and indirect employment opportunities.

The DPIIT has tried to help not only startups but the entire Startup Eco system so that Not only startup failure rates are reduced but the growth rates of startup can also be supported. The suggested multipoint strategy includes multiple aspects on which the proposed vision document will help. "The DPIIT wants to strengthen the complete ecosystem for startups and these measures would help in doing that. It will be presented to the new government for their consideration," the official said.

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Availability of Capital • Expanding CSR funding to incubators • Setting up of Rs 1,000 crore 'India startup fund' to support high technology startups • Deployment of entire corpus of Rs 10,000 crore Fund of Funds • Banks to set up a single window system to give loans to startups Infrastructure to Innovate, Incubate, Accelerate (i.e. StartupEcoSystem) • Setting up of 500 new incubators and accelerators by 2024 • Setting up of 100 innovation zones in urban local bodies by 2024 • Operationalization of seven research parks by 2024

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Ease of Doing Business • regulatory easing 1. Reduce compliance burden 2. Setting up of regulatory sandbox for testing of financial products. A regulatory sandbox refers to live-testing of new products or services in a controlled and test regulatory environment for which regulators may or may not permit certain regulatory relaxations for the limited purpose of the testing • Tax Incentives (or Ease of Taxation) 1. Exemption of angel tax on all investments by Alternate Investment Funds. 2. Tax incentives for investments in startups 3. Reduction of Goods and Services Tax (GST) rates 4. Tax exemption for ESOPs

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About Author ANIL KUMAR GUPTA - B.Tech (Electronics & Instrumentation), MCSE, ITIL, ISEB • High Accomplished Startup / Business Coach supporting Indian as well as International / Multinational businesses. • Editor - NOLEGEIN Journal of Entrepreneurship Planning, Development and Management • Mentor for Change – Atal Innovation Mission, NitiAyog • Ex Convener – PHD Diaspora Forum • Awarded like “SamajKaGaurav” from a National level prestigious Vaish organization. • International Author, Speaker / Jury @ IITs, IIMs, Universities, Management Colleges and Business Platforms You can reach me at chairman @ connectventures.in(not junk) or Whatsapp @ +91 9999981613. No call on this number please. You can consider subscribing my YOUTUBE channel https://www.youtube.com/channel/UCmj64E0gXHaso4Wnwe3PYGw or http://bit.ly/ErAnilGuru

Top 10 most competitive Asian economies

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Top 10 most competitive Asian economies

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Republic of Korea

A nigh view of Seoul, Republic of Korea. 

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Taiwan

A night view of Taipei

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Singapore

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Hong Kong

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Japan

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Isreal

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Australia

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New Zealand

Chinese mainland

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 United Arab Emirates

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Indian Economic Report 

Highlights

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Gross Domestic Product (GDP) released by the Central Statistics Office (CSO), estimated the growth rate of GDP at constant (2011-12) market prices for FY 2018-19 at 7.0 per cent. As per the quarterly estimates, the growth of Gross Domestic Product (GDP) at constant (2011-12) market prices stood at 6.6 per cent, during October- December 2018. Overall vehicle sales moderated 2.97 per cent year-on-year to 1,617,356 units in December 2018. Sales of Passenger Vehicles, Commercial Vehicles and Two Wheelers moderated 0.43 per cent, 7.8 per cent and 2.23 per cent year-on-year, respectively, during the month. Total Gross Goods and Services Tax (GST) collections grew to Rs 97,247 crore (US$ 14.10 billion) in February 2019, compared to Rs 85,962 crore (US$ 12.43 billion) in February 2018. As per quarterly estimates, at constant 2011-12 prices, Private Final Consumption Expenditure (PFCE) grew 8.37 per cent year-on-year, Government Final Consumption Expenditure (GFCE) rose 6.48 per cent year-on-year and Gross Fixed Capital Formation increased 10.64 per cent year-on-year during October-December 2018.

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Merchandise exports from India grew 8.85 per cent year-on-year to US$ 298.47 billion and merchandise exports rose 9.75 per cent year-on-year to US$ 464 billion during April 2018-February 2019. Fixed Investment Rate (Share of GFCF to GDP) stood at 33.1 per cent during October-December quarter of 2018-19, compared to 31.8 per cent during the corresponding period of 2017-18. Overall year-on-year growth in the Index of Industrial Production (IIP) was 1.7 per cent in January 2019, which was at 7.5 per cent in January 2018. During April 2018– January 2019, IIP growth stood at 4.4 per cent year-on-year as compared to growth of 4.1 per cent year-on-year during April 2017–January 2018. During February 2019, production of eight core infrastructure industries grew by 2.1 per cent year-on-year, as compared to 5.4 per cent growth in February 2018. The growth of eight core industries during April 2018 –February 2019 was 4.3 per cent, same as during the corresponding period of last year.

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Nominal Repo Rate stood at 6.25 per cent as of January 25, 2019, compared to 6.00 per cent as of January 26, 2018. Bank credit grew 14.6 per cent year-on-year as on January 18, 2019, compared to 10.6 per cent year-on-year as on January 19, 2018. Fiscal Deficit is expected to ease to 3.4 per cent of GDP in 2018-19 (Revised Estimates) from 3.5 per cent in 2017-18. The Rupee exchange rate (Re/US$) stood at 69.7923 at the end of December 2018, compared to 69.6574 at the end of November 2018. The Real Effective Exchange Rate (REER) (6-Currency Trade Based Weights with base year 2004-05) stood at 123.67 for December 2018, compared to 121.85 for November 2018. Current Account Deficit stood at US$ 16.9 billion (2.5 per cent of GDP) during October- December 2018, compared to US$ 19.1 billion (2.9 per cent of GDP) during the preceding quarter.

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At the end of December 2018, external debt was recorded at US$ 521.2 billion, compared to US$ 529.7 billion at the end of March 2018. Out of the total, long-term debt stood at US$ 417.3 billion, while the remaining US$ 103.9 billion was short-term debt. Foreign exchange reserves stood at US$ 399.22 billion as on January 25, 2019, as compared to US$ 393.40 billion as on December 28, 2018. Wholesale Price Inflation (WPI) increased to 2.93 per cent in February 2019 from 2.76 per cent in January 2019. Consumer Price Inflation (CPI) as per new series (combined) rose to 2.57 per cent in February 2019 from 1.97 per cent in January 2019. Yield (primary) on the 91-day Treasury Bill reached 6.31 per cent as on March 22, 2019, compared to 6.15 per cent as on March 23, 2018.

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For the fortnight ended on February 15, 2019, Broad money supply (M3) grew by 10.8 per cent year-on-year, compared to 9.9 per cent year-on-year in the corresponding period of the previous year. Gross Tax Revenue (GTR) collection grew by 7.89 per cent year-on-year to Rs 1,692,110 crore (US$ 218.73 billion) during April 2018-February 2019. The growth of Gross Value Added (GVA) at constant (2011-12) basic prices for agriculture and allied sectors, industry sector and services sector are estimated at 2.7 per cent, 7.7 per cent and 7.4 per cent respectively for 2018-19. Note: Conversion rate used as on March 29, 2019: Rs 1 = US$ 0.0145

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SOME MAJOR ECONOMIC DECISIONS 1. The Cabinet Committee on Economic Affairs (CCEA) approved to provide soft loans to the extent of about Rs. 7900-10540 crore to the sugar industry. Government will bear the interest subvention cost @ 7 - 10% to the extent of Rs. 553 crore to Rs 1054 crore for one year. 2. The CCEA approved for the creation of a corpus of Rs. 2000 crore for Agri-Market Infrastructure Fund to be created with NABARD for development and up-gradation of agricultural marketing infrastructure in Gramin Agricultural Markets and Regulated Wholesale Markets. 3.The CCEA approved the Proposal of the Ministry of Information and Broadcasting regarding Prasar Bharati's "Broadcasting Infrastructure and Network Development" scheme at a cost of Rs.1054.52 crore for 3 years from 2017-18 to 2019-20. 4.The CCEA approved for the continuation of the Scheme of "Exploration of Coal and Lignite" with an expected expenditure of Rs.1875 Crore. 5.The CCEA approved for the implementation of the Central Public Sector Undertaking Scheme Phase-ll for setting up 12,000 MW grid-connected Solar Photovoltaic (PV) Power Projects. 6.The CCEA approved for increase in Minimum Support Price for Fair Average Quality (FAQ) of Raw Jute to Rs.3950/- per quintal for 2019-20 season from Rs. 3700/- per quintal in 2018-19 season. 7.The CCEA approved the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) with a total outlay of Rs.2900 crore. The scheme aims at improving the competitiveness of MSMEs by integrating various ongoing schematic interventions aimed at up- grading technology through Credit Linked Capital Subsidy 8.The CCEA approved for launch of Kisan Urja Suraksha evam Utthaan Mahabhiyan with the objective of providing financial and water security to farmers. 9.The CCEA approved for the Phase-II of Grid Connected Rooftop Solar Programme for achieving cumulative capacity of 40,000 MW from Rooftop Solar (RTS) Projects by the year 2022. 10. The Union Cabinet approved for continuation of Khadi GramodyogVikas Yojana from 2017-18 to 2019-20.

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11.The CCEA has approved the "Pradhan Mantri JI-VAN (Jaiv Indhan- Vatavaran Anukool fasal awashesh Nivaran) Yojana" for providing financial support to Integrated Bioethanol Projects using lignocellulosic biomass and other renewable feedstock. 12. The CCEA approved for development of New Greenfield Airport at Hirasar, Rajkot, Gujarat at an estimated cost of Rs.1405 crore. 13. The CCEA approved for the construction of four lane bridge including approaches over river Brahmaputra between Dhubri on North Bank and Phulbari on South Bank on NH-127 B in the State of Assam/Meghalaya. The total length of the bridge will be 19.282 km. 14.The Union Cabinet approved the National Policy on Software Products - 2019 to develop India as a Software Product Nation. 15.The Union Cabinet approved for payment of the face value of the subscribed share capital of Rs.1450 crore in National Housing Bank(NHB) to Reserve Bank of India (RBl) consequent to amendments made to the NHB Act, 1987 in 2018. 16. The Union Cabinet approved for establishment of Rashtriya Kamdhenu Aayog for Conservation protection and development of cows and their progeny.

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