-The Business Standard So far, there was a cap on the number of subsidised cylinders alone, not on the subsidy Taking the next step in liquefied petroleum gas (LPG) pricing reforms, the National Democratic Alliance (NDA) government has decided to cap the subsidy on domestic gas cylinders. So far, there was a cap on the number of subsidised cylinders alone, not on the subsidy. Union Petroleum Minister Dharmendra Pradhan told Business Standard a...
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Centre to refund LPG cost for mid-day meals -Neetu Chandra Sharma
-India Today Following the withdrawal of a subsidy for LPG cylinders by the Petroleum and Natural Gas Ministry, the Human Resource Development Ministry will soon begin reimbursing Rs.752 crore that was spent on preparing mid-day meals in schools using unsubsidised cylinders. The Finance Ministry's Department of Expenditure had last year given "inprinciple" approval for meeting an additional expenditure of Rs.752 crore to be incurred during 2012-13 for procuring LPG cylinders after the...
More »25% accounts opened under Jan Dhan Yojana are repeat accounts, admits bureaucrat -Jitendra
-Down to Earth Modi government plans to revive cash benefit transfer scheme of previous government Ever since Prime Minister Narendra Modi's ambitious financial inclusion programme-the Pradhan Mantri Jan Dhan Yojana (PMGDY)-was launched on August 28 this year there have been misgivings over the haste shown by the government to open banks accounts to cover all rural households. Now a statement of a senior government official in the finance ministry shows the pitfalls...
More »Cashing in on UPA schemes, NDA takes them a step further -Ruhi Tewari
-The Indian Express At a high-level meeting in July itself, Modi set a target of one billion Aadhaar enrolments "at the earliest". Putting to rest speculation about the fate of the previous UPA government's most ambitious scheme - issuing Aadhaar cards and linking all benefits to this unique identity - the NDA government has given it a decisive push with Prime Minister Narendra Modi himself taking a keen interest in its rollout. At...
More »Narendra Modi's Jan Dhan - what's new? -Debashis Basu
-The Business Standard Like Indira Gandhi, even Narendra Modi seems to be relying on directing public-sector banks through ministry of finance supported by party cadres. How new is that? Narendra Modi's biggest project so far is Pradhan Mantri Jan Dhan Yojana (PMJDY), an aggressively promoted idea to open bank accounts. The English media ran full-page ads and TV commercials to announce the scheme that is supposed to reach largely rural households. It...
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