The draft bill allows insurance companies the freedom to sell different Financial products Mint The government is likely to introduce the Insurance Laws (Amendment) Bill 2022 in the monsoon session of Parliament to bring deep reforms in the insurance sector, including a provision for composite insurance licence and flexibility in entry barriers, two people aware of the development said. According to them, stakeholder consultation on the draft bill is expected to be...
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Parliamentary Panel asks Centre to raise Financial assistance for PM Awas (rural) - Nidhi Sharma
Economic Times A parliamentary panel has asked the government to increase Financial assistance provided under Pradhan Mantri Awas Yojana (Gramin) to help beneficiaries in completion of houses and improve monitoring of houses being constructed under the flagship scheme. The 30-member committee on estimates, headed by BJP MP Girish Bhalchandra Bapat, asked the ministry of rural development to revise the Financial assistance provided to help beneficiaries in timely completion of houses sanctioned. The...
More »PM Awas Yojana in Uttar Pradesh likely to reach saturation point by 2024 - Vatsala Gaur
Economic Times The significant increase in budgetary outlay for the PM Awas Yojana is expected to enable Uttar Pradesh to provide houses to all remaining rural beneficiaries of the scheme in the upcoming Financial year leading to the PMAY(Rural) quota in the state being filled completely ("saturated") by 2024, when the general elections will be held. Allocation for PMAY saw a 66% increase to Rs. 79,000 crore in the Union budget tabled...
More »Budget Briefs: Samagra Shiksha got 25% more, but only 51% of allocation utilized - Mridusmita Bordoloi, Avani Kapur, Sidharth Santhosh
Accountability Initiative, Centre for Policy Research At the start of the Financial Year (FY) 2022-23, GoI allocated the highest budget for Samagra Shiksha since its inception at Rs. 37,383 crore Budget Estimates (BEs). This was 25 percent higher than the Revised Estimates (REs) for FY 2021-22. An additional Rs. 447 crore was sought through the supplementary budget in December 2022, bringing the revised allocations to Rs. 37,831 crore. The pace of GoI...
More »Budget Briefs: FY 2022-23 PM Awas allocation doubled, 77% houses completed - Neeha Susan Jacob, Anwesha Mallick, Avani Kapur
Accountability Initiative, Centre for Policy Research In Financial Year (FY) 2022-23, Government of India (GoI) allocated Rs 20,000 crore Budget Estimates (BEs) for the PM Awaas Yojana - Gramin, slightly lesser than the previous year’s Revised Estimates (REs). With an additional amount of Rs. 28,422 crore allocated as supplementary budget in December 2022, revised allocations stand at Rs 48,422 crore. This is more than double the previous year’s REs. In the first...
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