-The Hindustan Times The finance ministry will soon initiate a survey to assess the efficacy of the Pradhan Mantri Jan Dhan Yojana (PMJDY) and analyse how many accounts have been opened. The report will be sent to Prime Minister Narendra Modi. About 40 million accounts have been opened under the scheme so far. "We would soon initiate a survey to understand how many unbanked households have been covered region-wise," a senior finance ministry...
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Direct benefit transfer plan set for expansion -Chetan Chauhan
-The Hindustan Times To check rising public expenditure, the government's two biggest money-spender schemes - subsidised ration for poor and job guarantee in rural areas - will soon be on the Aadhaar-enabled Direct Benefit Transfer (DBT) platform. The disbursal of subsidy for cooking gas cylinders will come back on the DBT platform after the previous UPA government decided to put it on the hold just before general elections. The UPA, which started transfer...
More »US nudge on WTO position continues -Jayanth Jacob
-The Hindustan Times Not budging from its position, the US remains at the forefront of nudging India to give up its stand on farm subsidies for food stockpiling in order to clinch a trade facilitation pact at the World Trade Organisation. According to sources, US will yet again take up the issue as part of a "larger plan" to get India to drop its position during Prime Minister Narendra Modi's visit to...
More »Govt should agree to phase out greenhouse gases -Jairam Ramesh
-The Hindustan Times Before climate change became the most important global environmental concern, the depletion of the ozone layer dominated the discourse. This depletion was being caused by the use of CFCs (chlorofluorocarbons) primarily in refrigerators and of HCFCs (hydrochlorofluorocarbons) largely in air-conditioners. To deal with this threat, following the Vienna Convention in 1985, the Montreal Protocol came into existence in 1987 with a Multilateral Fund following in 1991. This has...
More »Jumping red light? Get slapped with Rs. 15,000 fine under proposed traffic law
-The Hindustan Times Soon, motorists caught speeding, driving drunk or jumping red lights may not get away with a light fine and a few stern words from the traffic cop. The punishment would get harsher as the gravity of the offence increases - a Rs. 3-lakh fine and not less than seven years in jail for causing the death of a child; Rs. 5 lakh in penalty and three months in jail...
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