-PTI Nearly 11 lakh poor people have benefitted from the Direct Benefit Transfer Scheme, which began on January 1, 2013 and will be rolled out throughout the country, Finance Minister P Chidambaram said during his Budget speech in the Lok Sabha. He said the "Aapka paisa aapke haath" concept has brought happiness to the poor who have received the benefits directly into their bank accounts. He said the government was determined to...
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Slash subsidy, raise prices of diesel and LPG: Economic Survey
-PTI Claiming that the "downturn is more or less over", the pre-Budget Economic Survey on Wednesday projected an optimistic 6.1 to 6.7 per cent growth in the next fiscal and made a strong call for cutting subsidises. While pegging the GDP growth at an estimated 5 per cent for the current fiscal, the Survey tabled in Parliament by finance minister P Chidambaram said "...the overall economy is expected to grow in the...
More »NAC members raise concerns over direct benefit transfer scheme-Anuja & Liz Mathew
-Live Mint Concerns raised over the efficiency of banking networks and on-the-ground preparations for the scheme A section of the Sonia Gandhi -led National Advisory Council (NAC) is not happy with the government “rushing into” the direct benefit transfer (DBT) scheme, expected to be the flagship programme of the ruling Congress party in the national election scheduled for next year. At a meeting of the NAC on Tuesday, where Unique Identification Authority of...
More »New Bill says farmers need a licence to draw water
-The Indian Express Gandhinagar: The Gujarat government on Tuesday tabled an irrigation Bill in the Assembly which seeks to make it compulsory for farmers to get a licence to draw water from canal or ground well beyond a certain limit and prescribes penal action, including imprisonment, against the errant farmers. The Bill also seeks to charge farmers for irrigation water reaching any cultivated land within 200 metres of a canal either by...
More »Regulators are sometimes too close to industry: Hari Narayan-Deepti Bhaskaran
-Live Mint Former Irda chief spells out the problems with regulating the insurance sector in an interview Regulators are sometimes not too keen on laying down the law because they may be too close to the industry that they are charged with making sure is complying with rules, said J. Hari Narayan, who stepped down on Wednesday as chairman of the Insurance Regulatory and Development Authority (Irda). “There is a lot going on...
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