-The Hindu Ministries asked to submit data and ensure correctness of figures The Finance Ministry will start its pre-Budget work from October 14 onwards, according to a circular it sent to all Ministries and Departments. The other Ministries will have to prepare and send their budgets, expenditure trends, and non-tax revenue estimates for 2020-21 by October 9 to the Finance Ministry. Following this, the Finance Ministry will hold separate meetings with all the...
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SBI aims to eliminate debit cards to boost digital payment solutions
-PTI SBI Chairman said there are around 90 crore debit cards in the country as against 3 crore credit cards, and pointed out to digital solutions like its own 'Yono' platform as the key for achieving a debit card-less country. Mumbai: If the largest lender SBI has its way, it may herald the beginning of the end of the UBIquitous debt cards from the banking system as the bank plans to promote...
More »NRC: A major storm is brewing -Sanjoy Hazarika
-The Telegraph Even pro-BJP groups recognize that the registration exercise could end up condemning Indians to an appalling fate The National Register of Citizens process in Assam ploughs relentlessly on. At the end of this month a full list is to be published, ostensibly of all Indians identified in the state. That is when the scale of misery and jUBIlation may be gauged. Yet that’s not the end of this long, complex...
More »Busting 5 concerns about Congress' NYAY scheme -Vivek Kaul
-Livemint.com If and when Congress' Nyuntam Aay Yojana, or NYAY scheme, for minimum income guarantee is implemented, it'll be the biggest basic income globally. Here's a snap analysis On 25 March, Congress president Rahul Gandhi announced the Nyuntam Aay Yojana, or NYAY scheme. The plan is to give Rs.6,000 every month to the bottom 20% of the population of around 5 crore families or 25 crore individuals. Gandhi’s proposal is not that...
More »Few details, Rs 3.6 lakh crore-question: Will it be a top-up or subsidy tweak? -Aanchal Magazine
-The Indian Express According to the Central Statistics Office, there were 24.95 crore households in India in 2011. If every household in the bottom 20 per cent is eligible for this income, this translates into a total expenditure of about Rs 3.6 lakh crore annually. When Congress president Rahul Gandhi announced that his party, if voted to power, would offer a minimum income of Rs 72,000 a year for the poorest 20...
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