opensansad/lok-sabha-qa huggingface dataset:
Lok Sabha Question No. 2799 (UNSTARRED), answered on 2018-08-03
Subject: National Clean Air Programme
Ministry: ENVIRONMENT,  FORESTS AND CLIMATE CHANGE
Asked by: OM BIRLA

## GOVERNMENT OF INDIA MINISTRY OF ENVIRONMENT, FOREST AND CLIMATE CHANGE

## LOK SABHA UNSTARRED QUESTION N0. 2799

TO BE ANSWERED ON 03.08.2018

## National Clean Air Programme

## 2799.   SHRI OM BIRLA:

Will  the  Minister  of  ENVIRONMENT,  FOREST  AND  CLIMATE  CHANGE  be  pleased  to state:

- (a) whether  the  Government  has  initiated  the  National  Clean  Air  Programme  (NCAP)  to tackle the problems of increased air pollution during the winter season;
- (b) if so, the aims, objectives along with the salient features associated with the programme thereof;
- (c) whether  the  Government  plans  on  implementing  the  NCAP  in  the  other  parts  of  the country as well and if so, the details thereof; and
- (d) whether the Government has taken any initiatives to encourage the use of technology in increasing the plantation and forest cover of the country and if so, the details thereof?

## ANSWER

## MINISTER  OF  STATE  IN  THE  MINISTRY  OF  ENVIRONMENT,  FOREST  AND CLIMATE CHANGE (DR. MAHESH SHARMA)

(a to c)  The government has formulated National Clean Air Programme (NCAP) as a long term time  bound  national  level  strategy  to  tackle  the  increasing  air  pollution  problem  across  the country  in  comprehensive  manner.  The  overall  objective  is  comprehensive  management  for prevention,  control  and  abatement  of  air  pollution  besides  augmenting  and  evolving  effective ambient air quality monitoring network across the country. The NCAP focuses on collaborative and participatory approach covering all sources of pollution and coordination between relevant Central Ministries, State Governments, local bodies and other stakeholders. Hundred (100) nonattainment cities have been selected for formulation and implementation of city specific action plan  under  NCAP.  In  addition,  the  NCAP  has  many  additional  peripheral  components  viz. Technical Assessment Cell, technology support, sharing of international best practices, awareness  and  capacity  building,  source  apportionment  studies,  plantation  drive,  intensive inspection drive etc to support the time bound implementation of NCAP.

(d) Ministry has implemented National Afforestation Programm (NAP) for afforestation and ecorestoration  of  degraded  forests  in  the  country  through  people's  participation.  The  NAP  stands merged with Green India Mission (GIM) during the current financial year. National Mission for a Green India is one of the eight missions under the National Action Plan on Climate Change. It aims  at  increasing  forest  cover  and  improvement  of  quality  of  existing  forest.  The  Mission supports use of Geomatics (remote sensing with GPS mapping of boundaries) for monitoring at the output/outcome level.

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Lok Sabha Question No. 2795 (UNSTARRED), answered on 2018-08-03
Subject: Pre-Payment of Home Loan
Ministry: FINANCE
Asked by: HEENA VIJAYKUMAR GAVIT, P.R. SUNDARAM, DHANANJAY BHIMRAO MAHADIK, JAYAKUMAR JAYAVARDHAN, SUPRIYA SADANAND SULE, VIJAYSINH MOHITE PATIL, RAJEEV SHANKARRAO SATAV

## Government of India Ministry of Finance

## LOK SABHA

## Department of Financial Services

## UN-STARRED QUESTION NO. 2795 TO BE ANSWERED ON 3RD AUGUST, 2018 / SHRAVANA 12, 1940 (SAKA)

## PRE-PAYMENT OF HOME LOAN'

2795: DR. HEENA VIJAYKUMAR GAVIT:

SHRI PR SUNDARAM:

SHRI DHANANJAY MAHADIK:

DR: J: JAYAVARDHAN:

SHRIMATI SUPRIYA SULE:

SHRI MOHITE PATIL VIJAYSINH

SHANKARRAO:

SHRI SATAV RAJEEV:

Will the Minister of FINANCE be pleased to state:

- (a) the details of the present guidelines issued by RBI regarding pre-payment of home loan by an individual;
- (b) whether individual has rights to pre-pay the home loan amount sanctioned to him/her;
- (c) whether the individual can pay any amount as pre-payment without any penalty on prepayment charges, if so, the details thereof;
- (d) whether certain bankslinstitutions like LIC Housing Finance charge prepayment charges from its customers who have opted to pre-pay the home loan amount; if so, whether this is not against RBI guidelines in this regard and if the details thereof; SO,
- (e) whether the save the customers, if sO, the details thereof; and
- (f) the other steps taken by the Government to simplify the procedure regarding pre-payment of home loan and given direction to banks not to charge prepayment charges?

## ANSWER

MINISTER OF STATE IN MINISTRY OF FINANCE (SHRI SHIV PRATAP SHUKLA)

- (a) As per extant   guidelines of Reserve Bank of India (RBI) , Scheduled Commercial Banks (excluding Regional Rural Banks) are not permitted to levy foreclosure chargesl pre-payment penalties on all floating rate term loans (including home loans) sanctioned only to individual borrowers.
- (b) to (f) Partlfull pre-payment of housing loan can be made by the borrower to Banks/Housing Finance Companies (HFC) subject to the terms and conditions of the loan agreement and applicable circulars issued by RBI /National Housing Bank (NHB) , as the case may be. Banks and HFCs such as LIC Housing Finance Limited registered with NHB are required to comply with the circulars issued by RBI and NHB respectively: Banks/HFCs are liable for penal action for violation, if any, of the relevant guidelines in accordance with the provisions of Banking Regulation Act;, 1949 National Housing Bank Act, 1987 .

RBIINHB review the circulars from time to time based on the feedback in this regard.
Lok Sabha Question No. 2792 (UNSTARRED), answered on 2018-08-03
Subject: ADB Projection on GDP
Ministry: FINANCE
Asked by: A. ARUNMOZHITHEVAN

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA UNSTARRED  QUESTION  NO. 2792 To be answered on 3'd August, 2ol8lShravana  12, 1940 (Sakaf

## ADB Projection  on GDP

## 2792. SHRI A. ARUNMOZHITHEVAN:

Will the Minister of FINANCE be pleased to state:

- (a) whether according to Asian Development  Bank (ADB)  India's projected GDP growth of over 7 per cent for the current  fiscal is amaziogJy  fast and if this momentum is maintained the size of the economy  can double within a decade;
- (b) If so, the details  thereof;
- (c) whether ADB has suggested that India should focus on increasing domestic demand; and
- (d) If so, the reaction  of the Govemment  thereto?

## ANSWER MINISTER OF STATE FOR FINANCE  IN THE MINISTRY  OF FINANCE (sHRr PON. RADHATRTSHNAN)

(a, b, c & d) As per Asian Development Outlook (ADO) 2018 released by Asian Development Bank (ADB) in April 2018, India's growth has been projected to be 7.3o/o  in 2018-19 and 7.6ok in 2Ol9-2O. ADB retained these growth forecast in a subsequent update of Asian Development Outlook released in July 2018. ADB forecasts referred to above cover only the years 2Ol8-19 and 2Ol9-2O, and no projections have been made for the subsequent years. ADO 2018 has identified  both domestic  as well as external demands as important drivers of economic growth. With respect  to domestic demand, the report identihes revival of investment  as a key driver of growth. Multilateral Development  Banks like ADB make their findings based on mzrny economic variables.  The Governrnent tal<es note of these observations for calibrating its policies.
Lok Sabha Question No. 2790 (UNSTARRED), answered on 2018-08-03
Subject: Tax on Sanitary Napkins
Ministry: FINANCE
Asked by: KIRRON KHER

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE

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## LOK SABHA

## UNSTARRED QUESTION NO.2790

## TO BE ANSWERED ON FRIDAY THE 03 RD  AUGUST, 2018 SHRAVANA 12, 1940 (SAKA)

## TAX ON SANITARY NAPKINS

## 2790.  SHRIMATI KIRRON KHER:

Will the Minister of FINANCE be pleased to state:

- (a) the total revenue collected by the Government through tax on sanitary napkins in the past year;
- (b) whether the Government plans to provide tax exemption to sanitary napkins to increase affordability; and
- (c) if so, the details thereof?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SHIV PRATAP SHUKLA)

(a): The  total  collection  of  Central  Excise  duty  @  6%  [including  additional  duty  of customs (CVD) in lieu of Central Excise duty] for financial year 2016-17, was Rs. 191 crore  in  respect  of  sanitary  napkin  including  tampons,  and  during  financial  year 2017-18, the estimated GST collection @12% is Rs. 455 crore.

- (b) and (c): Based on the recommendations of the GST Council, Sanitary napkins (including tampons) have been exempted from GST with effect from 27.07.2018.

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Lok Sabha Question No. 2789 (UNSTARRED), answered on 2018-08-03
Subject: Amount Collected by EPCA
Ministry: ENVIRONMENT,  FORESTS AND CLIMATE CHANGE
Asked by: T.G. VENKATESH BABU

## GOVERNMENT OF INDIA MINISTRY OF ENVIRONMENT, FOREST AND CLIMATE CHANGE

## LOK SABHA UNSTARRED QUESTION N0. 2789

TO BE ANSWERED ON 03.08.2018

## Amount Collected by EPCA

## 2789. SHRI VENKATESH BABU T.G.:

Will the Minister of ENVIRONMENT, FOREST AND CLIMATE CHANGE be pleased to state:

- (a) whether  the  amount  collected  by  the  Environment  Pollution  Control  Authority (EPCA) is far less than the targets fixed;
- (b) if  so,  the  details  thereof  and  the  amount collected during the last three  years,  yearwise;
- (c) whether the Government has taken any steps to make the shortfall in the collection of green cess;
- (d) if so, the details thereof; and
- (e) if not, the reasons therefor?

## ANSWER

## MINISTER  OF  STATE  IN  THE  MINISTRY  OF  ENVIRONMENT,  FOREST  AND CLIMATE CHANGE (DR. MAHESH SHARMA)

- (a) to  (e)  Environment  Pollution  (Prevention  &Control)  Authority  (EPCA)  is  not collecting any green cess. However, South Delhi Municipal Corporation (SDMC) is collecting Environment Compensation Charge (ECC) from goods commercial vehicles  entering  Delhi  in  compliance  of  the  Hon'ble  Supreme  Court  order  dated October 9, 2015 and December 16, 2015 in response to EPCA report on 'Strategies to Reduce  Air  Pollution  from  Trucks  Entering  and  Leaving  Delhi'.  The  amount collected by SDMC is transferred to Transport Department, GNCTD.

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Lok Sabha Question No. 2785 (UNSTARRED), answered on 2018-08-03
Subject: Unsecured Loans
Ministry: FINANCE
Asked by: VASANTHI M.

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

## LOK SABHA

## UNSTARRED QUESTION NO. 2785 TO BE ANSWERED ON THE 3 RD  AUGUST  2018/ SHRAVANA  12, 1940  (SAKA) Unsecured Loans

## 2785. SHRIMATI VASANTHI  M.:

Will  the Minister  of FINANCE  be pleased to state:

- (a) whether  the unsecured  loans in the banking  system  grew  at four times  that of overall  growth  in bank  credit  over  the last three  years if  so, the details  thereof;
- (b) whether   at  the  end  of  March,   2018 outstanding   unsecured loans  stood  at close to Rs. 5 lakh  crore  constituting 26 per cent of all retail  loans up from 21 per cent at the end of Financial  Year and  if so, the details  thereof;
- (c) whether   the  yield   from unsecured retail   loans  range   between   1.5  per  cent and  4  per  cent  which   is  higher   than   secured loans,   depending   upon   the  credit rating  of the borrower;  and
- (d) if so, the details  thereof?

## ANSWER

## Minister of State in the Ministry  of Finance (SHRI SHIV PRATAP  SHUKLA)

(a) to (d): The Reserve  Bank of India (RBI) is the regulator  and supervisor  of the banking   system,   as  per  powers   conferred   by   relevant   statutes   and  as  part   of RBI's supervisory  reporting  system Scheduled  Commercial Banks submit  periodic returns  on, inter alia, loans (including  retail  loans)  to RBI. In view  of this,  inputs  in the  matter   were   sought   from RBI. RBI  has  informed   that   it  does  not  have  the required  information.
Lok Sabha Question No. 2784 (UNSTARRED), answered on 2018-08-03
Subject: Mandi Tax
Ministry: FINANCE
Asked by: SHYAMA CHARAN GUPTA

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE

## LOK SABHA

## UNSTARRED QUESTION NO. 2784

## TO BE ANSWERED ON FRIDAY, THE 3 rd  AUGUST, 2018 12 SHRAVANA, 1940(SAKA)

## Mandi Tax

## 2784 :  SHRI SHYAMA CHARAN GUPTA:

Will the Minister of FINANCE be pleased to state:

- (a) whether any action is being taken to abolish mandi tax imposed in Uttar Pradesh on other States after the roll out of GST on 07th July, 2017;  and
- (b) if so, the details thereof?

## ANSWER

## MINISTER OF STATE IN  MINISTRY OF FINANCE

## (SHRI SHIV PRATAP SHUKLA)

- (a) & (b) : As per the Constitution (One Hundred and First Amendment) Act, 2016, the taxes being levied under Entry 52, 54, 55 and 62 of the List-II (State List) in the Seventh  Schedule  under  Article  246  of  the  Constitution  have  been  subsumed under the Goods and Services Tax (GST) w.e.f. 1 st  July, 2017. Whether a specific tax imposed by the State Government prior to implementation of GST is subsumed under GST would depend on whether the said tax was imposed under the specific entries of the State List mentioned above.

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Lok Sabha Question No. 2783 (UNSTARRED), answered on 2018-08-03
Subject: Ayurveda Institutes
Ministry: AYURVEDA,YOGA & NATUROPATHY,UNANI,SIDDHA AND HOMEOPATHY (AYUSH)
Asked by: SAUGATA ROY

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

LOK  SABHA UNSTARRED  QUESTION NO. 2783 TO BE ANSWERED ON 3 RD AUGUST, 2018

## AYURVEDA INSTITUTES

## 2783. PROF. SAUGATA ROY:

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

- (a) whether the Government conducts any thorough study about the availability of student qualified faculties, etc. before issue of affiliation/approval to the new Ayurveda institutes in the country;
- (b) if so, the details thereof;
- (c) if not, the reasons therefor; and
- (d) the steps being taken by the Government for smooth functioning of Ayurveda institutes and protection of the interests of students studying therein?

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

- (a)to(c) : The  Government  ensures  that  new  Ayurveda  Institutions  meet  the  minimum standard requirements as given in the Requirement of Minimum Standards for under gradua Ayurveda Colleges and attached hospitals, Regulation 2016 through the insp ections conducted by Central Council of Indian Medicine before granting approval.
- (d) : The Central Government ensures that all Ayurveda Institutions fulfil he minimum standards requirement in terms of infrastructure, faculties, teaching and training fac referred  in  Indian  Medicine  Central  Council  (Requirement  of  Minimum  Standards  for  und graduate Ayurveda Colleges and attached hospitals) Regul ation 2016 for smooth functioning of the institutes and ensures that the required standards is maintained by the institutes fo quality education to students.

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Lok Sabha Question No. 2781 (UNSTARRED), answered on 2018-08-03
Subject: Reform in Banks
Ministry: FINANCE
Asked by: RAJAN BABURAO  VICHARE

## GOVERNMENT  OF INDIA

## LOK SABHA

## MINISTRY  OF FINANCE DEPARTMENT  OF FINANCIAL SERVICES

## UNSTARRED QUESTION NO. †2781

## TO BE ANSWERED ON THE 3 RD  AUGUST  2018/ SHRAVANA  12, 1940  (SAKA) Reform in Banks

## †2781. SHRI  RAJAN  VICHARE:

Will  the Minister  of FINANCE  be pleased to state:

- (a) whether  the Government  has taken  note of reports  from  a prominent  global rating  agency  indicating  that  Non  Performing  Assets (NPAs)  in the Indian  banks  is much  more  than  expected   and  tighter   regulatory standards continued   with generous  capital  injections  should  strengthen  balance  sheets of the banks  and there is an urgent  need for reforms;  and
- (b) if so, the details  thereof  and the reaction  of the Government  thereto?

## ANSWER

## Minister of State in the Ministry  of Finance (SHRI SHIV PRATAP  SHUKLA)

- (a)  and  (b): Government   has  taken   note  of  Standard   &  Poor's (S&P)   Global Ratings,  a prominent  global  rating  agency,  which  states, inter-alia, that  'the worst  is almost  over for India's  banks'.  It further  states that  India is at the tail-end  of its bad-loan  recognition   problem   as  a  stringent   non-performing   loan   recognition coupled   with   tighter   yet   faster  resolution   under India's   new   bankruptcy law   and rebounding  corporate  profits,  will  help  banks  gradually  recover  from a protracted bad-debt cycle   and  the  Government's ongoing   recapitalisation programme  of Rs 2.1  lakh   crore   will   help   shore   up depleted   capital   positions   of  the  banks.   It  also states that  the Government  is working  on a four-pronged  strategy  to improve  the health   of  the  banking   sector:   recognition, resolution,   recapitalisation and  reform ('4Rs'), and that  their  stable  outlook  on the banks  reflect  their  view  that  the '4Rs' and other  initiatives  taken  by  the Government  and RBI will  strengthen  the banking system over  the next  couple  of years.
Lok Sabha Question No. 2778 (UNSTARRED), answered on 2018-08-03
Subject: Debt of Telecom Companies
Ministry: FINANCE
Asked by: B.V. NAYAK

## Government of India Ministry of Finance Department of Financial Services

## LOK SABHA

## UNSTARRED QUESTION No. 2778 TO BE ANSWERED ON 3rd AUGUST, 2018 SHRAVANA 12, 1940 (SAKA) DEBT OF TELECOM COMPANIES

2778 SHRI B.V.NAIK:

Will the Minister of FINANCE be pleased to state:

- (a) Whether the State Bank of India (SBI) has written to Government about the highly unsustainable levels of debt of telecom companies and if the details thereof; SO,
- (b) the details of the total amount advances given to various telecom companies by Public Sector Banks and the extent these loans are expected to be sticky, Bank-wise;
- (c) whether the SBI has asked Government to offer relief packages to telecom companies; and
- (d) if so, the details thereof and Government's reaction thereto?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SHIV PRATAP SHUKLA)

- (a) State Bank of India (SBI) has highlighted to Government the significant exposure of lenders to the telecom sector and the assessment that stress in the sector has reached highly unsustainable levels due to erosion of  topline of telecom service providers.
- (b) As per   provisional data available with Reserve Bank of India   (RBI) as on 31.03.2018, total   outstanding advances of Public Sector Banks   (PSBs) to the 'Industry-Infrastructure-Communication' sector stood at Rs. 56,763 crore. For PSBs, the Gross Non Performing Asset (GNPA) ratio of these advances stood at 28.05% at the end of Financial Year 2017-18\_
- (c & d) SBI made recommendations for tackling stress in the sector which inter-alia included alignment of Deferred Payment Liabilities (DPL) , rationalisation of regulatory charges, quick resolution of  litigation on definition of Adjusted Gross Revenues (AGR) etc Government constituted an Inter-Ministerial Group (IMG) for the sector. Based on the recommendations of the IMG, amendments have been made to the License Agreements for restructuring DPL and a revision in the limit of the cap for spectrum holding:
Lok Sabha Question No. 2777 (UNSTARRED), answered on 2018-08-03
Subject: Use of PVC Pipes in Households
Ministry: ENVIRONMENT,  FORESTS AND CLIMATE CHANGE
Asked by: M. CHANDRAKASI

## GOVERNMENT OF INDIA MINISTRY OF ENVIRONMENT, FOREST AND CLIMATE CHANGE

## LOK SABHA UNSTARRED QUESTION NO. 2777

TO BE ANSWERED ON 03.08.2018

## Use of PVC Pipes in Households

## 2777. SHRI M. CHANDRAKASI:

Will the Minister of ENVIRONMENT, FOREST AND CLIMATE CHANGE be pleased to state:

- (a) whether  any  study  has  been  conducted  to  find  out  effects  of  use  of  Poly  Vinyl Chloride (PVC) pipes containing lead in households and if so, the details thereof;
- (b) the  details  regarding  hazardous  effects  on  humans  on  account  of  consumption  of water through PVC pipes containing lead; and
- (c) whether the Government has taken steps to lay down standards for use of lead in Poly Vinyl Chloride (PVC) pipes and if so, the details thereof?

## ANSWER

## MINISTER  OF  STATE  IN  THE  MINISTRY  OF  ENVIRONMENT,  FOREST  AND CLIMATE CHANGE (DR. MAHESH SHARMA)

- (a) & (b) Toxic  effects  of  lead  and  their  major  sources  are  well  established  through several studies. According to reports published by the World Health Organization, presence of lead in tap water is mainly due to household plumbing systems which include Polyvinyl chloride (PVC) pipes, fittings, etc. that contain lead.

With  regard  to  hazardous  effects  on  humans  on  account  of  consumption  of  water through PVC pipes containing lead, the Ministry of Environment, Forest & Climate Change has not undertaken  any  such study.  Information  from literature  available  indicate  that  lead exposure may cause anaemia, headache, irritability, lethargy, etc.

- (c) The Bureau of Indian Standards (BIS) has already considered the effects of leaching of lead from PVC pipes on water quality and has laid down the Indian Standards for various types of PVC pipes for water supply like unplasticized PVC pipes for potable water supplies, chlorinated  polyvinyl  chloride  (CPVC)  pipes  for  potable  hot  and  cold  water  distribution supplies, etc. These Standards prescribe a test for effect on water, giving permissible limits of, inter alia , lead (first extraction) and lead (third extraction).

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Lok Sabha Question No. 2776 (UNSTARRED), answered on 2018-08-03
Subject: Fall in GDP
Ministry: FINANCE
Asked by: ELUMALAI VELLAIGOUNDER

2776. SHRI V. ELUMALAI:

- Will the Minister of FINANCE be pleased to state: (a) whether India's economic growth was pushed downward in 2017 due to the goods and services tax as well as protracted issues of corporate and bank balance sheet problems; (b) if so, the details thereof; (c)  whether India's GDP grew at 6.6 per cent in 2017 down from 7.1 per cent in 2016, if so, the details thereof; (d) whether India's GDP is likely to grow 7.2 per cent in 2018 and 7.4 per cent next financial year; and
- (e) if so, the details thereof?

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO. 2776

## TO BE ANSWERED ON AUGUST 03, 2018

## FALL IN GDP

## ANSWER

MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PON RADHAKRISHNAN) (a) to (c): As per the provisional estimates of national income released by Central Statistics Office on 31 st May 2018, the growth rate of GDP (at constant 2011-12 prices) was 6.7 per cent in 2017-18 as against 7.1 per cent in 2016-17. The overall economic growth of the economy is dependent on many  factors  that,  inter  alia,  include  the  rate  of  capital  formation  and  savings,  utilization  of technology,  availability  of  infrastructure,  efficiency  of  resource  allocation,  quality  of  institutions, governance and the policy framework in place, money supply and degree of financial development. It is hence difficult to assess exclusive impact of GST and corporate & bank balance sheet on the economy.

(d)  &  (e):  Economic  Survey 2017-18 presented in January 2018 projected the growth rate of the economy to be in the range of 7 to 7.5 per cent in 2018-19. The World Economic Outlook Update (July 2018) of International Monetary Fund has projected the growth of the Indian economy at 7.3 per cent and 7.5 per cent for 2018 and 2019 respectively.

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