RFD
RESULTS-FRAMEWORK DOCUMENT
for
MINISTRY OF COMMERCE & INDUSTRY
DEPARTMENT OF INDUSTRIAL POLICY AND PROMOTION
OFFICE OF THE ECONOMIC ADVISER
(2010-11)
Page 1 of 10
SECTION 1:
Vision, Mission, Objectives and Functions
Vision
Review industrial performance and suggest policy measures for a sustained industrial growth
Mission
Rendering economic advice to formulate suitable policies for all round industrial development in the
country
Objectives
1.
2.
3.
4.
To create a sound information base of macroeconomic indicators of industrial production ;
To generate and release the Wholesale Price Index ( WPI) ;
To generate the Business Service Price Index ( BSPI);
To analyze budget proposals on tax related matters and prepare recommendations from the
DIPP to the Ministry of Finance;
5. To formulate the Annual Plan of DIPP;
6. To carry out research studies on important issues having relevance to industry sector.
Functions
1. Assisting DIPP in formulation of Industrial Policy.
2. Formulation of Annual Plan of the DIPP
3. Monitoring of industrial growth in general and performance of industries specifically assigned
to DIPP.
4. Compilation and Creation of a Sound Data Base of Macro Economic Indicators, Monthly
growth of DIPP industries and Core Infrastructure Sector
5. Compilation of Wholesale Price Index and monthly industrial production statistics for use in
construction of Index of Industrial Production.
6. Examination of issues in Bilateral/Regional Economic Cooperation Agreements for
formulation of the views of DIPP.
Page 2 of 10
SECTION 2:
Inter se Priorities among Key Objectives, Success indicators and Targets
S.No
1.
Objective
Weigh Actions
t
To
create
a
sound 25
information
base
of
macroeconomic indicators
of industrial production
Success
Indicator
Unit
Weight
Target/Criteria Value
Very
Good
Fair
Good
100%
90%
80%
70%
Last date Five
Eight
Ten days
of every days
days
after the
month or after the after the time
next
time
time
line.
working
line
line.
day
for
the index
of
previous
month.
8th
of 9th
of 10th of 11th of
every
every
every
every
month.
month.
month.
month.
Excellent
Compilation
& Release of the
Release of Index of index
Core Infrastructure
Sector
(Crude,
Petroleum,
Steel,
Cement, Electricity
and Coal)
Date
30
Providing
Furnishing of data
production data on to CSO
DIPP items to CSO
for construction of
IIP every month
Release of Index of Release of index
Industrial
Production on DIPP
items
Date
20
Date
30
12th
of
every
month or
preceedin
g day if
12th is a
holiday.
20
2
Review industrial Preparation of the No. of
performance
review
days
after the
release
of IIP
Page 3 of 10
13th of
the
month
or
preceedi
ng day
if 13th is
a
holiday.
3
14th of
the
month
or
preceedi
ng day
if 14th is
a
holiday.
4
15th of
the
month or
preceedi
ng day if
15th is a
holiday.
5
Poor
60%
Twelve
days
after the
time
line.
12th of
every
month.
16th of
the
month
or
preceed
ing day
if 16th is
a
holiday.
6
S.No
2.
Objective
Weigh Actions
t
To generate and release 25
WPI
3.
To generate the Business 10
Service Price Index ( BSPI)
4.
To
analyze
budget 15
proposals from Industry
Associations on tax related
matters
and
prepare
recommendations from the
DIPP to the Ministry of
Finance on the same.
To formulate the Annual 15
5.
Success
Indicator
Unit
Weight
100%
Target/Criteria Value
Very
Good
Fair
Good
90%
80%
70%
50
Release
of WPI
on
Thursday
Release
of WPI
on
Friday
Release
of WPI
on
Monday
of next
week.
Release
of WPI
on
Tuesday
of next
week.
Release
of WPI
on
Wednes
day of
next
week.
50
Release
of WPI
on 15th
of every
month/n
ext
working
day
1
Release
of WPI
on 16th
of every
month/n
ext
working
day
0
Release
of WPI
on 17th
of every
month/n
ext
working
day
0
Release
of WPI
on 18th
of every
month/
next
workin
g day
0
7.1.11
15.1.11
31.1.11
Excellent
index
Release of WPI Release of WPI Date/da
every
week on Thursday
y
(Thursday/
next
working day if
Thursday
is
a
holiday)
for
Primary Articles,
Fuel & Power
Release of WPI for Release of WPI
Date/da
all commodities and on 14th of every
y
manufactured
month/next
th
products on 14 of working day
every month (next
working day if 14th
is a holiday)
Preparation
of Releasing concept
concept papers on papers
on
Price Index of Banking Service
select services
Price Index and
Rail
Transport
Service
Price
Index on the
website.
Preparation of the Forwarding of the
recommendations
recommendations
of DIPP on tax for the DIPP to
related
matters Ministry
of
(direct and indirect Finance by 31st
taxes) for Union December of the
Budget
year.
Formulation of the Submission of the
Number
of
services
covered
100
Release
of WPI
on 14th of
every
month/ne
xt
working
day
2
Time
100
31.12.10
Date of
100
25.11. 10
Page 4 of 10
Poor
60%
10.12. 10 15.12. 10 18.12. 10 20.12. 10
S.No
Objective
Weigh Actions
t
Success
Indicator
Unit
Weight
Excellent
100%
Plan of DIPP.
6
To carry out research 10
studies on important issues
having relevance to industry
sector.
Annual Plan 2011- Plan of the DIPP
submissi
12.
as per time line
on
prescribed by the
Planning
Commission .
Preparation
of Placing of the Date
Working paper on paper/studies on
“Index of Industrial the website.
Production
and
Annual Survey of
Industry”.
Page 5 of 10
100
25.11. 10
Target/Criteria Value
Very
Good
Fair
Good
90%
80%
70%
Poor
60%
10.12. 10 15.12. 10 18.12. 10 20.12. 10
SECTION 3:
Trend Values of the Success Indicators
S.No
1.
2.
Objective
Weigh
t
To
create
a
sound 25
information
base
of
macroeconomic indicators
of industrial production
To generate and release 25
WPI
Actions
Success
Indicator
Unit
Release of the
index
Date
30
Mandatory dates are to be maintained.
Furnishing of data
to CSO
Date
20
Mandatory dates are to be maintained.
Release of index
Date
30
Mandatory dates are to be maintained.
Preparation of the No. of 20
review
days
after the
release
of IIP
index
Release of WPI Release of WPI Date/da 50
every
week on Thursday
y
(Thursday/
next
working day if
Thursday
is
a
holiday)
for
Primary Articles,
Fuel & Power
Release of WPI for Release of WPI
Date/da 50
Mandatory dates are to be maintained.
Compilation
&
Release of Index of
Core Infrastructure
Sector
(Crude,
Petroleum, Steel,
Cement, Electricity
and Coal)
Providing
production data on
DIPP items to CSO
for construction of
IIP every month
Release of Index of
Industrial
Production on DIPP
items
Review industrial
performance
Weight
2008-09
Page 6 of 10
Actual/Target/Criteria Value
2009-10 2010-11 2011-12
Mandatory dates are to be maintained.
Mandatory dates are to be maintained.
201213
S.No
Objective
Weigh
t
Actions
all
commodities
and manufactured
products on 14th of
every month (next
working day if 14th
is a holiday)
Preparation
of
concept papers on
Price Index of
select services
3.
To generate the Business 10
Service Price Index ( BSPI)
4.
To
analyze
budget 15
proposals from Industry
Associations on tax related
matters
and
prepare
recommendations from the
DIPP to the Ministry of
Finance on the same.
To formulate the Annual 15
Plan of DIPP.
Preparation of the
recommendations
of DIPP on tax
related
matters
(direct and indirect
taxes) for Union
Budget
Formulation of the
Annual Plan 201112.
To carry out research 10
studies on important issues
having relevance to industry
sector.
Preparation
of
Working paper on
“Index of Industrial
Production
and
Annual Survey of
5.
6
Success
Indicator
Unit
Weight
on 14th of every
month/next
working day
y
Releasing concept
papers
on
Banking Service
Price Index and
Rail
Transport
Service
Price
Index on the
website.
Forwarding of the
recommendations
for the DIPP to
Ministry
of
Finance by 31st
December of the
year.
Submission of the
Plan 2011-12 of
the DIPP as per
time line
prescribed by the
Planning
Commission
(25.11.2010).
Placing of the
paper/studies on
the website.
Number
of
services
covered
100
New Activity proposed for 2010-11
Time
100
Mandatory dates are to be maintained.
Date of
submissi
on
100
Mandatory dates are to be maintained.
Date
100
New Activity proposed for 2010-11
2008-09
Page 7 of 10
Actual/Target/Criteria Value
2009-10 2010-11 2011-12
201213
S.No
Objective
Weigh
t
Actions
Success
Indicator
Unit
Weight
2008-09
Industry”.
Page 8 of 10
Actual/Target/Criteria Value
2009-10 2010-11 2011-12
201213
SECTION 4:
Description and Definitions of
Success Indicators
and
Proposed Measurement Methodology
The measurement methodology for success indicators is based on the following:
( i)
In case of the parameters where the success indicators relate to release of data the
timeline is predetermined.
( ii)
In case of the indicator for submission of Annual Plan, the timelines are as prescribed
by Planning Commission.
(iii) In case of the indicator for submission of budget proposal, the timelines are as prescribed
by Ministry of Finance.
Page 9 of 10
SECTION 5:
Specific Performance Requirements from other Departments
Department
Relevant
Success
Indicator
What do you
need?
M/o SPI
Timely release
of IIP, ASI,
GDP statistics
etc.
IIP, ASI, GDP
statistics etc.
Ministry of
Coal
Making
available data
timely
Coal production
statistics
Ministry of
Power
Making
available data
timely
Ministry of
Steel
Making
available data
timely
Ministry of
Petroleum
Making
available data
timely
DIPP
Making
available data
timely
Why you
need it?
How
much do
you need?
Analysis of
macroecono
mic
indicators
All
industrial
statistics
not
collected
by us but
by CSO,
NSSO etc
Full
Release of
Report on
Core Sector
growth
Power production Release of
Report on
statistics
Core Sector
growth
steel production
Release of
Report on
statistics
Core Sector
growth
Petroleum
Release of
Report on
production
Core Sector
statistics
growth
Cement
Release of
Report on
production
statistics and FDI Core Sector
growth
Full
Full
Full
Full
What
happens if
you do not
get it?
It will be
difficult to
maintain the
timeline
It will be
difficult to
maintain the
timeline
It will be
difficult to
maintain the
timeline
It will be
difficult to
maintain the
timeline
It will be
difficult to
maintain the
timeline
It will be
difficult to
maintain the
timeline
Industrial performance critically depends on movement of interest rate, exchange rate, etc. While these
macro issues are often market determined, their adverse/positive impact are significant. DIPP as the nodal
Department for monitoring industrial performance and facilitating a sustained growth examines the
implications of movements of these macro parameters and suggests an appropriate response.
____________________
Secretary
Department of Industrial Policy & Promotion
Page 10 of 10
________________________
Senior Economic Adviser
Office of the Economic Adviser