PM Awaas Yojana most successful & one of the world's largest housing scheme for the poor.

Pradhan Mantri Awaas Yojana most successful & one of the world's largest housing scheme for the poor.

প্রধানমন্ত্রী আবাসন যোজনা বিশ্বের সর্বাধিক সফল ও বৃহত্তম সরকারি আবাসন প্রকল্প যোজনায় মজবুত হচ্ছে ভারতীয় অর্থনীতি I 

✔One of the Biggest Pro-poor policy after Independence. ✔One of the biggest scheme after Independence ...one of the biggest example of Good Governance. 

Pradhan Mantri Awaas Yojana was launched by Hon'ble Prime Minister Narendra Modiji ,in June 2015 to fulfill the housing needs of rural and urban poor.

Pradhan Mantri Awas Yojana (PMAY) aims to fuel the concept of ‘housing for all’.This scheme proposes to build more than 2 crore/20 million  houses by 2022 for the urban and rural population of India. The policy is meant to promote affordable housing for those belonging to economically weaker sections of society and low-income groups.

The project requirement of around 50 million tonnes of steel and 100 million tonnes of cement to construct 2 crore houses under Pradhan Mantri Awas Yojana by 2022.

So, we can expect big investment in steel and cement industry.We can expect 5-6 large scale steel plants , average capacity 10 mtpa  and 20-25 large scale cement plants average capacit 3-4mtpa by 2022.

Modi govt also announced 100 smart city project,100 airport, Raiway infrastructure,Bharat mala, Sagar mala project and 110 lakh crore /$1.5 trillion (NIP) infrastructure investment plan over  the next 5yrs. 

We can expect big investment from SAIL,Tata steel,JSW,Shyam steel ,Electrosteel Steel ,Ambujacement, ACC, Jindal cement,Ramco,UltraTech Cement,Dalmia Bharat,Shree cement etc.

Employment opportunities under Pradhan Mantri Awaas Yojana 

Approx 3.65 crore/36.5 million  jobs would be generated in the construction of houses sanctioned under the Pradhan Mantri Awas Yojana (Urban) in the country...... so far, 1.65 crore/16.5 million  jobs have already been generated under the PMAY(U).

Finally this project will be one of the landmark scheme  by modi govt. This project can boost social inclusion and economic growth.

India has potential more than Rs 32 lakh crore gross tax revenue FY22.

The Union Budget 2021-22 targets gross tax revenue of Rs 22.17 lakh cr in FY22........but I think India has potential more than Rs 32 lakh crore gross tax revenue FY22.

We know India's  Tax-GDP ratio only 9.8%,it is  lower than its potential. India’s Tax - GDP ratio low compared to other developed - developing countries or emerging markets.

India’s Tax - GDP ratio 9.8% should be 15% .....while Germany 38%, USA-china 18% ,Russia- Malaysia-vietnam 17%,Brazil 16%,Pakistan 15%, Sri Lanka 13% and Nepal 21%.

China economy is a sinking ship whose Captain is continuously failing to acknowledge this fact.

China economy is a sinking ship whose Captain is continuously failing to acknowledge this fact.

✔China  national debt goes up.

✔China economy is a sinking ship.

China is a developing country, 2nd largest economy in the world,but per capita debt goes up.

china per capita debt in 2019 was $5611 ,in 2009 it was $219.....that imply per capital debt increased 25times between 2009-19.

At the same period 2009-19 per capita Income increased 11times, from $959 to $10000.

Chinese policy makers  wants to the world’s largest economy in next 15 years.

2020-2035 China wants to $30 trillion economy from $15 trillion ....I think this is not possible. 

Chinese economy is sinking ship......The Institute of International Finance (IIF) estimated that China’s total domestic debt  335% of gross domestic product (GDP) in 2020.....almost 15% of global total.

I think China's  debt to gdp ratio up due to uneconomic expenditure.If it continue, China debt to gdp ratio  could reach 500% in next  five years....i think  China's economy needs institutional reform.

 

Ramakrishna Mission has spent near Rs 800 crore on social welfare in 2019-20.

Ramakrishna Mission,Belur,religious and humanitarian service organisation founded by swami vivekananda .Motto of The RK mission- Atmano mokshartham jagat hitaya cha (For one’s own salvation and for the welfare of the world).

The significant service area of Ramakrishna Mission are Rural and tribal development ,education and medical service etc.

Rural and Tribal Development 
Ramakrishna Mission has spent over Rs 131 crore on rural and tribal development  in 2019- 20, according to the report placed at the 111th annual general meeting held at Belur Math.The rural and tribal development work carried out at Rs 131cr. has benfitted over 573000 people. 

Education

The report 2019-20 stated that a sum of Rs 396.19 crore was spent on educational work. Approx 266000  students studying in the educational institutions of Ramakrishna mission ,from the kindergarten to university-level.

Medical 

The report stated that 8811000 people got medical service through 10 hospital, 87 dispensaries, 39 mobile units and 985 medical camps,a sum of 272 cr was spent during the period 2019-20. 

 

India’s Tax -GDP ratio low compared to other developing countries or emerging market.

India's Tax-GDP ratio low compared to other developed- developing countries or emergingmarket.

India’s Tax - GDP ratio should be at least 14% currently 9.8%.....while USA-china 18% and Brazil 16%,Pakistan 15%.