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Deposits in Jan Dhan accounts cross Rs.1-trillion mark

-PTI * The scheme was launched on 28 August, 2014, with an aim to provide universal access to banking facilities to people in the country * The total balance in over 36.06 crore PMJDY accounts was at Rs.1,00,495.94 crore as on 3 July New Delhi: Deposits in Bank Accounts opened under Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the Rs.1 lakh crore mark. As per the latest finance...

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CSOs are unhappy with the way the Economic Survey 2018-19 & the Union Budget 2019-20 dealt with MGNREGA

-Press release by NREGA Sangharsh Morcha and Peoples' Action for Employment Guarantee (PAEG) dated 9 July, 2019 Even as many parts of the county suffer from drought, the new government at the centre has allocated a mere Rs 60,000 crores for the National Rural Employment Guarantee Act (NREGA) for the ongoing financial year. This is Rs 1,084 crore less than the revised budget estimate for 2018-19. Expenditure would have been much...

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Rajya Sabha clears bill on voluntary use of Aadhaar as ID proof -Shreya Nandi

-Livemint.com * The law ensures that no one is denied any service for not having Aadhaar as ID proof * An Aadhaar holder can now opt for offline verification through QR code with consent The Rajya Sabha on Monday passed The Aadhaar and Other Laws (Amendment) Bill, 2019, allowing voluntary linking of the 12-digit identification number as part of know your customer guidelines to open Bank Accounts or get a mobile connection. The law...

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Agricultural reforms and urban accountability key to water management -Joydeep Gupta

-TheThirdPole.net Between wasteful flood irrigation, free electricity to farmers, and skewed market incentives, agriculture is a mess; while lack of accountability creates urban water problems in South Asia The 2019 South Asian summer monsoon is late, slow and inadequate so far. If it makes up somewhat for lost time, those 55% of Indian farmers who do not get irrigation water will still suffer, but there is a chance that reservoirs may fill...

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NPAs Under Modi's Mudra Scheme Doubled in Just a Year, Reveals RTI -Dheeraj Mishra

-TheWire.in Public sector NPAs of loans issued under the scheme have increased by Rs 9,204.14 crore in just one year – from Rs 7,277.31 crore in March 2018 to Rs 16,481.45 crore in March 2019. New Delhi: The non-performing assets (NPAs) under Prime Minister Narendra Modi’s ambitious Pradhan Mantri Mudra Yojana (PMMY) doubled within one year. This information was obtained through an RTI petition filed by The Wire. In a written reply to...

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