HIGH­LIGHTS

Electrical Monitor - - UNION BUDGET -

The fol­low­ing are high­lights of the Union Bud­get: 2016-17 re­lat­ing to the power and elec­tri­cal equip­ment in­dus­try. As many as 89 ir­ri­ga­tion projects lan­guish­ing un­der the Ac­cel­er­ated Ir­ri­ga­tion Ben­e­fits Pro­gramme (AIBP) will be fast-tracked. This will help ir­ri­gate 80.6 lakh ha of land. Th­ese projects will re­quire ₹ 17,000 crore in FY17 and ₹ 86,500 crore in the next five years. By March 31, 2017, at least 23 of th­ese 89 projects will be com­mis­sioned. This de­vel­op­ment is ex­pected to gen­er­ate sub­stan­tial de­mand for agri­cul­tural pumps. The Govern­ment is com­mit­ted to achieve 100 per cent vil­lage elec­tri­fi­ca­tion by May 1, 2018. The Bud­get has pro­vided ₹ 8,500 crore for Deen­dayal Upad­hayaya Gram Jy­oti Yo­jna and In­te­grated Power De­vel­op­ment Schemes for FY17. As on April 1, 2015, a to­tal of 18,542 vil­lages were not elec­tri­fied. The Prime Min­is­ter, in his ad­dress to the Na­tion on Au­gust 15, 2015 an­nounced that the re­main­ing vil­lages will be elec­tri­fied within the next 1,000 days (by May 2018). As on Fe­bru­ary 23, 2016, a to­tal of 5,542 vil­lages were elec­tri­fied. This is more than the to­tal com­bined achieve­ment of pre­vi­ous three years. “Skill In­dia” mis­sion seeks to cap­i­talise our de­mo­graphic ad­van­tage. Since its launch, the Na­tional Skill De­vel­op­ment Mis­sion has cre­ated an elab­o­rate skilling ecosys­tem and im­parted train­ing to 76 lakh youth. The govern­ment has ex­pressed its de­sire to bring en­trepreneur­ship to the doorsteps of youth through Prad­han Mantri Kaushal Vikas Yo­jana The Bud­get has pro­posed to set up 1,500 Multi Skill Train­ing In­sti­tutes across the coun­try and has set aside ₹ 1,700 crore for th­ese ini­tia­tives. En­trepreneur­ship Education and Train­ing will be pro­vided in 2,200 col­leges, 300 schools, 500 Govern­ment ITIs and 50 Vo­ca­tional Train­ing Cen­tres through mas­sive open on­line cour­ses. As­pir­ing en­trepreneurs, par­tic­u­larly those from re­mote parts of the coun­try, will be con­nected to men­tors and credit mar­kets. The elec­tri­cal equip­ment in­dus­try will gen­er­ally ben­e­fit from the cap­i­tal out­lay of the in­fra­struc­ture sec­tor – com­pris­ing roads, ports and air­ports. The to­tal out­lay for in­fra­struc­ture will be around ₹ 2,21,246 crore out of which ₹ 97,000 crore will be for the road­way sec­tor. For avail­ing con­ces­sional cus­toms/ex­cise duty ben­e­fits in case of power gen­er­a­tion pro­ject based on mu­nic­i­pal and ur­ban waste, the Bud­get has pro­vided the fol­low­ing al­ter­na­tive con­di­tion: “Valid agree­ment be­tween im­porter/pro­ducer of power with ur­ban lo­cal body for pro­cess­ing of mu­nic­i­pal solid waste for not less than ten years from the date of com­mis­sion­ing of pro­ject”

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