-The Business Standard PlanCom meets this month to hasten implementation; initial focus on target coverage might cover 300 districts After reposing faith in the Aadhaar project at its cabinet meeting last week, the Narendra Modi government wants Direct Benefits Transfer (DBT) to 80% of beneficiaries in five key schemes "as soon as possible". These include the cooking gas subsidy, where DBT was stalled under the previous government. The other schemes are on transfer...
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A big bang reform that may be spot on -TT Ram Mohan
-The Hindu The reassuring message in the Pradhan Mantri Jan Dhan Yojana is that in pursuing its economic objectives, the government wants to accord an important role to the public sector even while relying on market mechanisms The goal is hard to achieve. It is costly and unviable. It will create huge stresses in the banking system. The Narendra Modi government's Pradhan Mantri Jan Dhan Yojana (JDY), an ambitious scheme for financial...
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 »PM Narendra Modi launches Jan Dhan Yojana; to focus on combating financial untouchability
-The Indian Express In his speech, PM Modi said that opening bank accounts is a step towards joining economic mainstream. Launching his government's first big ticket social welfare programme, the Pradhan Mantri Jan Dhan Yojana, Prime Minister Narendra Modi on Thursday gave a call for eradicating what he termed as "financial untouchability" of the poor by opening at least one bank account for every family in the country in less than...
More »Finance Minister Relaunches the Varishtha Pension Bima Yojana (VPBY)
-Press Information Bureau/ Ministry of Finance The Union Finance Minister Shri Arun Jaitley said that Varishtha Pension Bima Yojana (VPBY) will benefit the vulnerable section of society with limited resources as it will provide monthly pension ranging from Rs 500/ to Rs 5,000/ per month to senior citizens of the country. The Union Finance Minister Shri Arun Jaitley was speaking after re-launching the Varishtha Pension Bima Yojana (VPBY) here today on...
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