-The Hindu Business Line Will help strengthen existing channels of distribution, says Finance Ministry New Delhi: The Centre’s social security scheme for the aged — the Atal Pension Yojana (APY) — will now also be available at small finance and payments banks, the Finance Ministry said on Friday. “To strengthen the existing channels of APY distribution, it is felt that these new payments banks and small finance banks will provide a boost to...
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Hard reality and political compulsions may force a rural-focused budget
Budgetary allocation to a particular sector indicates how much priority the government assigns to that sector as compared to the rest. A preliminary analysis by the Inclusive Media for Change team indicates that the actual expenditure (net of receipts and recoveries) by two of the country’s most important ministries, namely the Ministry of Agriculture & Farmers Welfare (MoAFW) and the Ministry of Rural Development (MoRD) was less than 1 percent...
More »'Unrealistic' solar target -GS Mudur
-The Telegraph New Delhi: The Centre's plan to install nearly a million solar-powered water pumps for irrigation in the next three years through a 30 per cent government subsidy appears fiscally unrealistic, energy researchers cautioned on Thursday and called for alternative financing strategies. The researchers with the New Delhi-based Council on Energy Environment and Water (CEEW) have estimated that the 30 per cent subsidy on solar irrigation pumps would cost the government...
More »India's learning deficit is worsening: ASER study -Prashant K Nanda
-Livemint.com In 14-18 years age group, only 43% able to do a simple division correctly, while 47% of 14-year-olds could not read a simple sentence in English, says the ASER study New Delhi: India’s learning problem just got worse. The legacy of learning deficit visible so far in elementary school children is now being reflected among young adults too, the Annual Status of Education Report (ASER) study revealed. Since, around 10% of Indian population...
More »NREGS job spike because of housing scheme: Government -Subodh Ghildiyal
-The Times of India NEW DELHI: Eight key states logged a massive increase in demand for work under the job guarantee scheme MGNREGA this fiscal, an increase that is seen as astronomical in the history of the programme. Three other states saw high demand during the earlier part of the year but have registered a sharp fall in later months. Still, the annual demand for work under MGNREGA is projected to stay...
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