-The Times of India NEW DELHI: As the Centre stitches together its plan to roll out the direct benefit transfer (DBT) scheme, BJP-ruled Madhya Pradesh seems all set to achieve full coverage of some benefits through the scheme. The DBT scheme has been touted as a game-changer for the ruling Congress party in the lead-up to the general elections in 2014. Ironically, a BJP-ruled state seems to have taken the lead to...
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DBT rollout: Key dept shifted from Planning Commission to Finance Ministry
-PTI NEW DELHI: Keen to hasten the Direct Benefit Transfer (DBT) scheme, Prime Minister Manmohan Singh today shifted a key department overseeing its implementation from the Planning Commission to the Finance Ministry for "better coordination" and "resolution of inter-ministerial issues". The DBT programme has covered over 2.8 million LPG transactions valued at Rs 116 crore in the seven weeks since it was launched, the Prime Minister's Office said here today. "In order to...
More »Department of Posts seeks Rs 1,900 crore from government for banking -Urmi A Goswami
-The Economic Times NEW DELHI: The government's earnestness to change the lives of millions untouched by high-street banks is being tested with a proposal from its own department of posts. Armed with an amazing network of offices, the department has sought Rs 1,900 crore from the Centre to launch a bank that would connect with the aam aadmi in Indian villages and far-flung areas where few institutional lenders have a presence. Financial...
More »South tops in bank access; Maharashtra, Gujarat below national average
-The Times of India NEW DELHI: Southern states have emerged on top on Financial Inclusion parameters, while the East and some of the developed states of the West - including Gujarat and Maharashtra - are below the national average. A new index on Financial Inclusion released by ratings and analytics firm Crisil on Tuesday showed that Puducherry topped the list, followed by Chandigarh and Kerala. In fact, most of the top slots...
More »Government regularizes 40,000 more pensioners -Ambika Pandit
-The Times of India NEW DELHI: The Delhi cabinet on Monday "formally approved" the inclusion of 40,000 additional beneficiaries in the old age pension scheme. The approval amounts to regularization of pensioners registered and in receiving financial assistance, even though they exist beyond the cap of 3.5 lakh permitted under the scheme of the social welfare department. The easing of the cap is to tide over a legal crisis and a face-saving exercise...
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