-PTI The report noted 31% of multiple account holders (with a bank account in addition to PMJDY) are actively using alternate bank account. New Delhi: Duplication of accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) is on the rise while 28 per cent of accounts are lying dormant, says a survey by Financial inclusion consulting firm MicroSave. According to the survey, conducted in 42 districts spread across 17 states and one union...
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The ‘human face’ of Budget 2016-17 -CP Chandrasekhar
-The Hindu With an eye on the upcoming elections in different States, Union Finance Minister Arun Jaitley has declared that he is presenting a Budget that provides “additional resources for vulnerable sections, rural areas and social and physical infrastructure”. But since aggregate expenditure in nominal terms is slated to rise by just 10.8 per cent between this financial year and the next, that seems difficult to believe. Consider, for example, the...
More »Women missing from India’s workforce, says economic survey -Ashwaq Masoodi
-Livemint.com The Labour Force Participation Rate for women is significantly lower than that for males in both rural and urban areas, according to the survey New Delhi: In both rural and urban India, women are not present in significant numbers in the labour force, according to the Economic Survey 2015-16. Even though the proportion of the economically active population (15-59 years) increased from 57.7% to 63.3% between 1991 and 2013 (Sample Registration...
More »Budget 2016: Aadhaar project to be given statutory backing -Shreeja Sen
-Livemint.com The move to introduce a law to bring statutory backing for Aadhaar will clear decks for Jan Dhan Yojana, Aadhaar and Mobile number aimed at expanding access to financial services New Delhi: Statutory backing for the Aadhaar unique identification scheme will be introduced during the financial year 2016-17, finance minister Arun Jaitley said on Monday in his budget speech. The bill will be introduced in the current budget session. The government’s...
More »A budget for Bharat can reset the narrative -Anil Padmanabhan
-Livemint.com Pro-poor and yet not populist can be the single defining strand of this year’s Union budget The run-up to this year’s Union budget, especially the past one week, has taken place in the backdrop of an unprecedented, vicious political confrontation between the ruling Bharatiya Janata Party (BJP) and the opposition. Together with the hit-wicket tendencies of the BJP-led National Democratic Alliance (NDA), it probably exaggerated the magnitude of every challenge...
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