Seeking to address data gap problems, a Reserve Bank of
India panel, made a case for compilation of separate indices on producer
price, labour force, urban wages and household indebtedness with a view to
improving monetary policy formulation.
To address major data gaps in monetary policy-making, the
committee recommends the compilation of various indicators, such as producer
price index, services sector output and price index, labour force survey,
urban wages, retail sales, construction activity survey, and surveys of
household indebtedness through co-ordination with the relevant government
The panel, headed by RBI Executive Director Deepak
Mohanty, said: “with increasing integration with the global economy and the
growing complexity of the economic structure, information needs have
increased considerably and data gaps are being experienced in various
domains of central banking.
The Home Ministry was allocated Rs. 65,745 crore in the
2014-15 Budget announced on Thursday, a 11 per cent jump over last year’s
It is also proposed to set up ‘Crisis Management Centres’
in all the districts of National Capital Territory of Delhi this year in all
government and private hospitals. The funding will be provided from the
Nirbhaya Fund setup after 16th december 2012 incident in Delhi.
CRPF which is involved in anti-Naxal operations besides
maintaining security situation in Jammu and Kashmir and the Northeastern
region has been allocated Rs. 12,169.51 crore comparison to Rs. 11,373.72
crore it received last year.
The BSF, which guards Indo-Pak and Indo-Bangladesh
borders ; Assam Rifles, which plays a key role in anti-insurgency operations
in the Northeast and guards the Indo-Myanmar border ; The ITBP, which guards
the icy heights along the Sino-Indian border etc. have all seen a rise in
A sum of Rs. 11.37 crore has been allocated for
developing traffic and communication networks and model traffic systems in
NCR, Rs. 11.50 crore for installation of traffic signals in the national
capital and Rs 110 crore for construction of fortified police stations in
The objective of these instructions is to mitigate the
Asset-Liability Management (ALM) problems faced by banks in extending
project loans to infrastructure and core industries sectors, and also to
ease the raising of long term resources for project loans to infrastructure
and affordable housing sectors
The RBI said that apart from what is technically defined
as infrastructure, affordable housing is another segment of the economy
which requires long-term funding.
India is looking at investing $1 trillion in
infrastructure development by 2017, half of which is expected to come from
the private sector.
Finance Minister during budget speech also said that
banks will be encouraged to extend long term loans to infrastructure sector
with flexible structuring to absorb potential adverse contingencies,
sometimes known as the 5/25 structure.
Under the 5/25 structure, bank may fix longer
amortisation period for loans to projects in infrastructure and core
industries sectors, say 25 years, with periodic refinancing, say every five
years. This ensures that banks Asset and Liability is properly managed.