opensansad/lok-sabha-qa huggingface dataset:
Lok Sabha Question No. 4119 (UNSTARRED), answered on 2016-12-09
Subject: Meeting of IRCH
Ministry: AYURVEDA,YOGA & NATUROPATHY,UNANI,SIDDHA AND HOMEOPATHY (AYUSH)
Asked by: ANANDRAO  ADSUL

## GOVERNMENT OF INDIA MINISTRY OF AYURVEDA, YOGA & NATUROPATHY, UNANI, SIDDHA AND HOMOEOPATHY (AYUSH)

## LOK  SABHA U NSTARRED QUESTION NO.4119 TO BE ANSWERED ON 9 TH DECEMBER, 2016

## MEETING OF IRCH

## 4119. SHRI ANANDRAO ADSUL:

Will  the  Minister of AYURVEDA,  YOGA  AND  NATUROPATHY,  UNANI, SIDDHA AND HOMOEOPATHY (AYUSH) be pleased to state:

- (a)  whether  in  a  meeting  of  the  International  Regulatory  Cooperation  for  Herbal  Medi (IRCH) held in New Delhi recently it was decided to promote and facilita te the safe use of herbal medicines;
- (b) if so, the details thereof; and
- c) the steps taken by the Union Government to strengthen the mechanism to WHO standards promote the regulation, quality, safety and efficacy of herbal medicines? INSAS R

## ANSWER THE MINISTER OF STATE (IC) OF THE MINISTRY OF AYURVEDA, YOGA & NATUROPATHY, UNANI, SIDDHA AND HOMOEOPATHY (SHRI SHRIPAD YESSO NAIK)

- (a) & (b): Yes, Quality of herbal material & products and vigilance of herbal medicines w deliberated in detail for promotion and facilitating the safe use of herbal medicines .
- (c): A  voluntary  scheme  of  Quality  Certification  of  Ayurvedic,  Siddha  and  Unani  herb medicines as per WHO guidelines is administered by Drugs Controller General of India s 2010 for gran t of Certificate of Pharmaceutical Product ( COPP) to the eligible products. This certification system involves examination of the license and documents of quality, saf efficacy followed by joint inspection of the manufacturing site and manufacturing quality control processes by the team of experts from Central Drug Standards Control Organization, Minist AYUSH and State licensing Authority.

*****
Lok Sabha Question No. 4118 (UNSTARRED), answered on 2016-12-09
Subject: Corporate Loans
Ministry: FINANCE
Asked by: GOPALAKRISHNAN CHINNARAJ

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UNSTARRED QUESTION NO. 4118

TO BE ANSWERED ON THE 9 th  December, 2016/ Agrahayana 18, 1938 (SAKA)

## Corporate Loans QUESTION

## 4118. DR. C. GOPALAKRISHNAN:

Will the Minister of FINANCE be pleased to state:

- (a) whether the  Government has any proposal to institute a transparent mechanism to check tide of bad loans availed by corporate companies;
- (b) if so, the details thereof;
- (c) whether the Government proposes to put the list of corporate companies who have availed loans at notice board/website of the banks; and
- (d)       if so, the details thereof and if not, the reasons therefor and the steps taken by the Government in this regard?

## ANSWER

## The Minister of State in the Ministry of Finance (SHRI SANTOSH KUMAR GANGWAR)

- (a)  &  (b):    The  Government  has  taken  sector  specific  measures  (Infrastructure, Power, Road, Textiles, Steel etc.) where incidence of NPA is high. The Insolvency and Bankruptcy Code (IBC) has been enacted and Securitization and Reconstruction of  Financial  Assets  and  Enforcement  of  Security  Interest  Act  (SARFAESI)  and  the Recovery of Debts due to Banks and Financial Institutions (RDDBFI) Act have been amended to improve resolution  /  recovery  of  bank  loans.  Six  new  Debt  Recovery Tribunals (DRTs) have been established for improving recovery. RBI has provided a number of tools in this regard -Corporate Debt Restructuring (CDR), Formation of Joint  Lenders'  Forum  (JLF),  Fl exible  Structuring  for  long  term  project  loans  to Infrastructure  and  Core  Industries  (5/25  Scheme),  Strategic  Debt  Restructuring Scheme (SDR) and Sustainable Structuring of Stressed Assets (S4A).
- (c) & (d):  Banks are not generally disclosing / putting any information relating to its constituents / customers / borrowers who have availed loans at notice / website of the banks. However, Reserve Bank of India (RBI) has set up a Central Repository of Information  on  Large  Credit  (CRILC)  to  collect,  store  and  disseminate  data  about large credit accounts  to  lenders  for keeping  a  track of the status of asset classification of a loan account across different banks.

*******
Lok Sabha Question No. 4117 (UNSTARRED), answered on 2016-12-09
Subject: Mutual Agreement Procedure
Ministry: FINANCE
Asked by: VINOD KUMAR BOIANAPALLI

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF REVENUE

## LOK SABHA

## UNSTARRED QUESTION NO. 4117

## TO BE ANSWERED ON FRIDAY, THE 9 TH  DECEMBER, 2016

AGRAHAYANA 18, 1938 (SAKA)

## MUTUAL AGREEMENT PROCEDURE

## 4117. SHRI B. VINOD KUMAR, M.P

Will the Minister of Finance be pleased to state

- a) Whether  the  Government  proposes  to  disclose  the  number  of  disputes being negotiated under the Mutual Agreement Procedures (MAPs) of tax treaties along with the time being taken to resolve such disputes;
- b) if so, the details thereof; and
- c) the  extent  to  which  the  said  disclosure  is  likely  to  bring  about  greater transparency,  improve  the  dispute  resolution  mechanism  and  promote the global initiative on Base Erosion and Profit Sharing (BEPS)?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE

## (SHRI SANTOSH KUMAR GANGWAR)

a) Yes, Madam. Action 14 of the Base Erosion and Profit Shifting (BEPS) project of  the  G-20/OECD  countries,  which  seeks  to  make  dispute  resolution mechanisms more effective, mandates that all participating countries shall provide  details  pertaining  to  tax  disputes  being  negotiated  under  the Mutual Agreement Procedure (MAP) Article of tax treaties.

Contd…2/-

- b) The  details  are  to  be  provided  in  agreed  upon  templates  to  capture information about inventory of cases and outcomes of cases. Such details would include the number of cases pending under MAP, number of cases resolved fully to eliminate double taxation, number of cases that could not be resolved, etc.
- c) Disclosure of such information is expected to bring about more transparency in  the  working  of  competent  authorities  of  all  participating  countries  and would  perhaps  result  in  quicker  resolution  of  double  taxation  problems faced by taxpayers across the globe.
Lok Sabha Question No. 4116 (UNSTARRED), answered on 2016-12-09
Subject: Relief to Farmers
Ministry: FINANCE
Asked by: RAM CHARITRA

- (a) whether the Government has received various suggestions from the  representatives of agricultural sector to provide relief to the farmers in the upcoming budget of the pre-budget consultation meeting held recently;

(b) if so, the details thereof;

- (c) whether the representatives of farmers have sought provision of sufficient funds to district cooperative banks to provide financial access to farmers and if so, the details thereof; and

(d) the action taken by the Government on the suggestion and details thereof?

## ANSWER

MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ARJUN RAM MEGHWAL)

- (a)  &  (b).  Yes,  Sir.  The  Government has received suggestions from the representatives of agricultural sector to provide relief to the farmers in the upcoming budget of the pre-budget consultation  meeting.  The  suggestions  from  the  representatives  of  agricultural  sector regarding provision of relief to farmers relate to schemes like the Jan Dhan Yojana, Pradhan Mantri Fasal Bima Yojana, timely sanction and release of credit, institutional loans to dairy and  poultry,  interest  subvention  and  issues  related  to  money/credit  availability  due  to demonetisation.

(c)  & (d). Yes, Sir. The representatives of farmers had sought provision of sufficient funds to district  cooperative  banks  to  provide  financial  access  to  farmers.  Accordingly,  banks  have been advised by the Government of India and the Reserve Bank of India to make available adequate currency to cooperative banks, to enable them to meet their currency needs for the operations pertaining to the current agricultural operations of the farmers. The availability/receipts of currency by cooperative banks are being monitored on a daily basis. The currency made available to cooperative banks during the period 22 nd November to 30 th November 2016 was Rs.1816.65 crores.

*****
Lok Sabha Question No. 4115 (UNSTARRED), answered on 2016-12-09
Subject: National Cadet Corps
Ministry: DEFENCE
Asked by: ANTO  ANTONY

## GOVERNMENT OF INDIA MINISTRY OF DEFENCE DEPARTMENT OF DEFENCE

## LOK  SABHA

## UNSTARRED QUESTION NO.4115

TO BE ANSWERED ON THE 9 TH  DECEMBER, 2016

## NATIONAL CADET CORPS

4115.  SHRI  ANTO ANTONY:

Will the Minister of DEFENCE be pleased to state:

j{kk ea=h

- (a) the  total  number  of  National  Cadet  Corps  (NCC)  academies  functioning  in  the country, State / UT-wise;
- (b) whether the Government proposes to introduce NCC as an elective subject in the higher educational institutions in the country; and
- (c) if so, the details thereof?

## A    N    S    W    E    R

MINISTER OF STATE IN THE MINISTRY OF DEFENCE

र  ा रा य मं ी

(DR. SUBHASH BHAMRE)

( डा . सुभाष भामरे )

- (a) Presently,  two  NCC  academies  are  functional  each  at  Kamptee  in Maharashtra and Gwalior in Madhya Pradesh.
- (b) & (c): Government has taken a decision to introduce NCC course as an  elective  subject  in  30  higher  educational  institutions  from  academic session 2013-14.

*******
Lok Sabha Question No. 4114 (UNSTARRED), answered on 2016-12-09
Subject: Capital Account Convertibility
Ministry: FINANCE
Asked by: GOKARAJU GANGA RAJU

## MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA

## UNSTARRED QUESTION NO.4114

## TO BE ANSWERED ON FRIDAY, DECEMBER 09, 2016/AGRAHAYANA 18, 1938 (SAKA) ' CAPITAL ACCOUNT CONVERTIBILITY '

## QUESTION

## 4114:  DR.  GOKARAJU GANGA RAJU

## Will the Minister of FINANCE be pleased to state:

- (a) whether the Government proposes to allow full Capital Account Convertibility in order to deepen capital markets;
- (b) if so, the details thereof; and if not, the reasons therefor; and
- (c) the extent to which the said move is likely to benefit Indian economy?

## ANSWER MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ARJUN RAM MEGHWAL)

***

(a) to (c): The Government has been following a gradual and cautious approach in opening up the capital  account.  It  is  being  progressively  liberalized  in  accordance  with  the  evolving  macroeconomic conditions and the requirements of Indian industries,  individuals  and  financial  sectors. However, there is no target date for achieving full capital account convertibility. The progress on capital account convertibility will depend on how the domestic macro-economic conditions as well as global financial situation evolve.
Lok Sabha Question No. 4113 (UNSTARRED), answered on 2016-12-09
Subject: Growth of GDP
Ministry: FINANCE
Asked by: GOPAL CHINAYYA SHETTY

(a) whether there has been an increase in the Gross Domestic Product (GDP) of the country in the recent years;

(b) if so, the details thereof during the last three years and the current year;

(c)  whether  the  Government  has  ascertained  the  cause  of  such  increase/  improvement  in GDP; and

(d) if so, the details thereof and the outcome thereon?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ARJUN RAM MEGHWAL)

(a) & (b): The growth rate of Gross Domestic Product (GDP) at constant (2011-12) market prices increased from 6.6 per cent in 2013-14 to 7.2 per cent in 2014-15 and further to 7.6 per cent in 2015-16, indicating that the growth rate of the economy has improved in the last three years. The growth in GDP at constant (2011-12) market prices during the first half of 2016-17 was 7.2 per cent.

(c)  &  (d):  The  systematic  focus  of  the  Government  of  India  on  economic  growth  and macroeconomic stability has made India one of the fastest growing major economies in the world. The Government has taken various initiatives to strengthen the economy which, inter alia , include; fillip to manufacturing and infrastructure through fiscal incentives and concrete measures  for  transport,  power,  and  other  urban  and  rural  infrastructure;  reforms  and liberalization  of  foreign  direct  investment  in  major  sectors;  measures  to  debottleneck  the supply  of  key  raw  materials  etc.  Initiatives  like  Skill  India,  Digital  India,  Make  in  India  and Start-up India have been launched to boost entrepreneurship and creation of job. In addition, many other initiatives like launching of Micro Units Development and Refinance Agency Ltd. (MUDRA); 'Stand Up India Scheme' to promote entrepreneurship among SC/ST and women entrepreneurs; boost to agricultural sector with focus on micro irrigation,  watershed development, soil conservation and credit; and for providing social security to the disadvantaged sections of the society;  specific measures for construction and textiles;  etc. have been also launched.

*****
Lok Sabha Question No. 4112 (UNSTARRED), answered on 2016-12-09
Subject: Internet Connection in Hospitals
Ministry: HEALTH AND FAMILY WELFARE
Asked by: AJAY (TENI) MISRA

## GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH AND FAMILY WELFARE

## LOK SABHA UNSTARRED QUESTION NO. 4112 TO BE ANSWERED ON 9 TH DECEMBER, 2016

## INTERNET CONNECTION IN HOSPITALS

## 4112. SHRI AJAY MISRA TENI:

Will the Minister of HEALTH AND FAMILY WELFARE be pleased to state:

- (a)  whether  the  incidents  regarding  poor internet/intranet  services  in  all  major  and small hospitals, CGHS dispensaries of the country including All India Institute of Medical Sciences (AIIMS) are on the rise;
- (b) if so, the details thereof;
- (c) whether the Government proposes to put in place any alternate arrangement to address the problems that arise due to poor internet/intranet service;
- (d) if so, the details thereof; and
- (e) the steps taken or being taken by the Government to provide uninterrupted internet services in hospitals?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF HEALTH AND FAMILY WELFARE (SMT. ANUPRIYA PATEL)

- (a) to (e): Since Health is a State subject; no such information is maintained centrally.

As  far  as  CGHS  is  concerned,  no  rise  of  incidents  regarding  poor  internet/int services has been reported. CGHS has made alternative arrangements which include provid alternative connections in case of failure of primary internet connection; using of manual means for disposal ofpatients in case both connections fail; etc.

AIIMS,  New  Delhi  has  reported  that  they  are  not  facing  any  problem  in  intern connectivity.

As  far  as  three  Central  Government  Hosp itals  viz.,  Safdarjung  Hospital,  Dr.  Ram  Manohar Lohia  Hospital  and  Lady  Hardinge  Medical  Collage  &  Associate  Hospitals  are  concerned occasional complaints of disruption of internet/intranet services are reported, which are by service providers regularly.

……………
Lok Sabha Question No. 4111 (UNSTARRED), answered on 2016-12-09
Subject: Irregularities in Procurement Procedure
Ministry: DEFENCE
Asked by: RAMA DEVI, HARISHCHANDRA DEORAM CHAVAN

## GOVERNMENT OF INDIA MINISTRY OF DEFENCE

## DEFENCE RESEARCH & DEVELOPMENT ORGANISATION

## LOK  SABHA

## UNSTARRED QUESTION NO.4111

TO BE ANSWERED ON THE 9 TH  DECEMBER, 2016

## IRREGULARITIES IN PROCUREMENT PROCEDURE

4111.  SHRIMATI RAMA DEVI:

SHRI HARISHCHANDRA CHAVAN:

Will the Minister of DEFENCE j{kk ea=h be pleased to state:

- (a) whether complaints regarding irregularities in procurement procedure in Advanced Numerical Research and Analysis Group under the Defence Research and Development Organisation have been reported;
- (b) if so, the details thereof; and
- (c) the action taken by the Government thereon?

## A    N    S    W    E    R

MINISTER OF STATE IN THE MINISTRY OF DEFENCE

र  ा रा य मं ी

(DR. SUBHASH BHAMRE)

( डा . सुभाष भामरे )

- (a) & (b): Yes,  Madam.    Audit  authorities,  during  audit  scrutiny,  have found out irregularity in prescribed procurement procedures by Advanced Numerical Research and Analysis Group (ANURAG).  This was reported in Para  5.1  of  C&AG's  Report  No.30  of  2013.      Public  Accounts  Committee (PAC) has examined the case and presented its Report No.44 of 2015-16 in Lok Sabha and laid in Rajya Sabha on 28 th April 2016 on the subject 'Extra Avoidable Expenditure by ANURAG'.
- (c)  Actions  on the recommendations / observations of the PAC are being taken up by Government.

*******
Lok Sabha Question No. 4110 (UNSTARRED), answered on 2016-12-09
Subject: Import of Defence Equipment
Ministry: DEFENCE
Asked by: KAPIL MORESHWAR PATIL

## GOVERNMENT OF INDIA MINISTRY OF DEFENCE DEPARTMENT OF DEFENCE

## LOK  SABHA

## UNSTARRED QUESTION NO.4110

TO BE ANSWERED ON THE 9 TH  DECEMBER, 2016

## IMPORT OF DEFENCE EQUIPMENT

4110.  SHRI  KAPIL MORESHWAR PATIL:

Will the Minister of DEFENCE j{kk ea=h be pleased to state:

- (a) the  percentage share of country's  arms import in  the global  import of arms  and ammunitions during the last three years;
- (b) the total percentage of defence budget spent on import of arms and ammunitions during the said period;
- (c) whether the Government has made any assessment of the quantum of reduction in import  of  arms  and  ammunitions  after  the  implementation  of  the  'Make  in  India' initiative; and
- (d) if so, the details thereof?

## A    N    S    W    E    R

MINISTER OF STATE

IN THE MINISTRY OF DEFENCE

र  ा रा य मं ी

(DR. SUBHASH BHAMRE)

( डा . सुभाष भामरे )

- (a) No  authoritative  information  regarding  India's  share  in  the  global import  of  weapons  is  available.    However,  as  per  report  published  in February,  2016  by  the  Stockholm  International  Peace  Research  Institute (SIPRI),  India's share in  international  arms  imports  during 2011-2015  was 14%.
- (b) to (d): The  expenditure  on  Capital  acquisition  from  foreign  vendors and  percentage  of  such  expenditure  to  the  total  expenditure  on  Capital acquisition during each of the last three years is as under:-

| Year    | Expenditures (Rs. in crore)   |
|---------|-------------------------------|
| 2013-14 | 35082.10 (52.47%)             |
| 2014-15 | 24992.36 (38.11%)             |
| 2015-16 | 22422.12 (36.30%)             |
Lok Sabha Question No. 4109 (UNSTARRED), answered on 2016-12-09
Subject: Credit Report to Individuals
Ministry: FINANCE
Asked by: G. HARI

## 4019. श्री क े . ऩयसुयभन्

क्मा वित्त भंत्री मह फताने की क ृ ऩा कयेंगे कक्

- (क) क्मा ऺेत्रीम ग्राभीण फैंकों (आयआयफी) क े  ऩास अन्म िाणणजयमक फैंकों की तुरना भें ऩमााप्त अिसंयचना नह ं
- है;
- (ख) मदद हां, तो तत्संफंधी ब्मौया क्मा है;
- (ग) क्मा सयकाय का विचाय ग्राभीण ऺेत्रों भें अऩनी ऋण सुविधाओं क े  विस्ताय क े  लरए याष्ट्र म क ृ वि औय ग्राभीण
- विकास फैंक (नाफाडा) क े  साथ संमोजन भें आयआयफी हेतु याष्ट्र म स्तय म शीिा ननकाम को ननलभात कयने का है; औय
- (घ) मदद हां, तो तत्संफंधी ब्मौया क्मा है; औय
- (ड.) आयआयफी को सुदृढ़ कयने क े  लरए सयकाय द्िाया क्मा कदभ उठाए गए हैं?

## उत्तर

वित्त भंत्रारम भें याय म भंत्री (श्री संतोि क ु भाय गंगिाय)

(क) और (ख): भाचा 2016 तक, ऩूय  तयह से विकलसत 20,904 शाखाओं क े  नेटिक ा  क े  साथ 56 आयआयफी औय 27

यायमों  तथा ऩुद्दुचेय   संघ  यायम  ऺेत्र  भें  644  अधधसूधचत  जजरों  को  किय कयते ह ु ए  6300 से अधधक  अत्मंत रघु शाखाएं संचारन भें हैं।

सबी  ऺेत्रीम  ग्राभीण  फैंकों  ने  उधचत  तकनीक  को  अऩनामा  है  औय  फेहतय  उऩबोक्ता  सेिाओं  क े   लरए  कोय  फैंकक ं ग सभाधान भें स्थानांतयण ककमा है। इसक े  अनतरयक्त, 31 भई, 2016 की जस्थनत क े  अनुसाय, 56 आयआयफी भें से 50 के  ऩास बफक्री क े न्र प्रभाण-ऩत्र हैं। क ं प्मूटय कयण क े  फढ़ने क े  साथ, िाणणजयमक फैंकों की तजा ऩय अऩने उऩबोक्ताओं को  एनईएपट /आयट जीएस,  रूऩे,  क े सीसी,  एट एभ  काडा  औय  अन्म  तकनीक  रूऩ  से  सऺभ  फैंकक ं ग  सेिाएं  उऩरब्ध कयाने भें आयआयफी सऺभ हैं।

आयआयफी क े   सबी  भुख्मारम,  ऺेत्रीम  कामाारम  औय  शाखाएं  साभान्मत:  ननजी  अथिा  ककयाए  क े   ऩक्क े   ऩरयसय  भें जस्थत हैं। इसक े  अरािा, आयआयफी द्िाया रगबग 36000 उऩबोक्ता सेिा क े न्रों (सीएसऩी)/कायोफाय प्रनतननधध बफक्री

के न्र खोरे जाने से ग्राभीण ऩह ु ंच औय अिसंयचना का सृजन ह ु आ है।

कु छ आयआयफी ने स्टाप क े  आंतरयक प्रलशऺण क े  लरए अऩने ननजी प्रलशऺण अिसंयचना का गठन ककमा है।

- (ग) और (घ): ऐसा कोई प्रस्ताि नह ं है।

(ड.): डॉ. क े . सी. चक्रिती सलभनत की लसपारयशों (जोणखभ बारयत आजस्तमों की तुरना भें ऩूंजी अनुऩात को सुधायने

के  लरए आयआयफी का ऩुन: ऩूंजीकयण संफंधी सलभनत की रयऩोटा) क े  आधाय ऩय बायत सयकाय ने 2200 कयोड़ रुऩए (बायत सयकाय 1100 कयोड़ रुऩए, प्रामोजक फैंक 770 कयोड़ रुऩए औय यायम सयकायें 330 कयोड़ रुऩए) की ऩुन: ऩूंजीकयण सहामता क े  लरए 40 आयआयफी की ऩहचान कय र  है। 31 भाचा, 2016 तक 20 यायमों भें 38 आयआयफी को 2208.62 कयोड़ रुऩए की यालश रयर ज की गई।

ददनांक  12.05.2015 को अधधसूधचत प्रादेलशक ग्राभीण फैंक (संशोधन) अधधननमभ, 2015 भें, अन्म फातों क े  साथ-

साथ, आयआयफी की प्राधधक ृ त ऩूंजी को 5 कयोड़ रुऩए से 2000 कयोड़ रुऩए तक फढ़ामा है।

सबी अधधकारयमों, जजसभें  आयआयफी क े   अध्मऺ  शालभर  हैं, को  वित्तीम  प्रफंधन,  संगठनात्भक  विकास,  आईट   औय एचआय से संफंधधत ऩहरुओं जैसे कई प्रभुख कक्रमाशीर ऺेत्रों भें प्रलशऺण उऩरब्ध कयामा जा यहा है। इसने आयआयफी के  स्टाप को आने िार  चुनौनतमों का साभना कयने क े  लरए ऻान, कौशर औय व्मिहाय क े  विकास भें भदद की है।

*****

## बायत सयकाय वित्त भंत्रारम वित्तीम सेिाएं विबाग

## ऱोक सभा

## अताराांककत प्रश् न सां्  या 4019

(जजसका उत्तय 09 ददसम्फय, 2016/18 अग्रहामण, 1938 (शक) को ददमा जाना है)

## क्षेत्रीय ग्रामीण बैंक
Lok Sabha Question No. 4108 (UNSTARRED), answered on 2016-12-09
Subject: Liberalized Remittance Scheme
Ministry: FINANCE
Asked by: P.R. SUNDARAM

## MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA

## UNSTARRED QUESTION NO.4108

## TO BE ANSWERED ON FRIDAY, DECEMBER 09, 2016/AGRAHAYANA 18, 1938 (SAKA)

## ' LIBERALIZED REMITTANCE SCHEME '

## QUESTION

## 4108:  SHRI P.R. SUNDARAM

## Will the Minister of FINANCE be pleased to state:

- (a) whether  the  Government  has  increased  the  slab  under  the  Liberalized  Remittance  Scheme (LRS) from $75,000 to $2,50,000 in a financial year for a permissible set of current or capital account transactions;
- (b) if so, the details thereof and the reasons therefor;
- (c) the total amount transacted to various countries in the last three years and current year, countrywise; and
- (d) whether the Government has adequate forex reserves to combat the new LRS regime and if so, the details thereof?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ARJUN RAM MEGHWAL)

***

(a) to (b): The slab under the Liberalised Remittance Scheme (LRS) has been revised from $75,000 to $2,50,000 in stages, from August 2013 to June 2015, for permissible set of current and capital account transactions  The  LRS  was  introduced  on  February  4,  2004  as  a  step  towards  liberalization  of  the foreign exchange facilities to resident individuals. Over the years, this limit has been revised in stages keeping in view the various macro & micro economic conditions of the economy.

- (c): Total amount transacted under LRS during the last three years and the current year is as follows:

## Amount in USD million

| 2013-14   | 2014-15   | 2015-16   |   2016-17(till Oct'16) |
|-----------|-----------|-----------|------------------------|
| 1,093.9   | 1,325.8   | 4,642.6   |                4760.68 |

RBI does not maintain country wise data for remittances under LRS

(d): The current level of foreign exchange reserves (USD 367,157 million as reported in RBI Bulletin dated November 10, 2016) is considered adequate to support LRS regime.