-The Indian Express Prime Minister Narendra Modi has directed the Unique Identification Authority of India (UIDAI) to ensure "universal coverage" under Aadhaar by June 2015. According to government officials, the PM set the deadline at a high-level meeting chaired by him in the first week of September. The target was reiterated in the minutes of the meeting circulated to all the concerned departments. Directions have also been issued to the Registrar General...
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‘Nearly half of world’s older people do not get Pension’
-The Hindu Business Line On the day a ₹ 1,000/month minimum Pension scheme was launched in India, an ILO policy paper report said that close to half (48 per cent) of people over Pensionable age in the world do not receive a Pension. And those who do get a Pension, do not receive an adequate amount to cover for their health, and old age-related problems. "As a result, the majority of the...
More »Will the ‘Jan’ get their ‘Dhan’? -Akansha Yadav & Sowmya Kidambi
-The Hindu Business Line Opening bank accounts in rural areas is all very well, but biometric frauds are a serious possibility The ambitious Pradhan Mantri Jan Dhan Yojana (PMJDY) aims at bringing millions of rural Indians within the financial mainstream by opening bank accounts. In 2006, the Reserve of India, recognising that a majority of rural Indians had little or no access to banking services, allowed banks to use third-party, non-bank agents...
More »Labour Minister Shri Tomar announces launch of Minimum Pension Scheme across 120 locations in India
-Press Information Bureau/ Ministry of Labour & Employment The Union Minister of Labour & Employment, Steel and Mines, Shri Narendra Singh Tomar announced the launch of a guaranteed minimum Pension of Rs 1000 per month under Employees' Pension Scheme, 1995. Speaking to journalists at a press conference in here today, he said, the Union Government has decided to organize functions in every office of the Employees Provident Fund Organisation spread across...
More »Direct benefit transfer plan set for expansion -Chetan Chauhan
-The Hindustan Times To check rising public expenditure, the government's two biggest money-spender schemes - subsidised ration for poor and job guarantee in rural areas - will soon be on the Aadhaar-enabled Direct Benefit Transfer (DBT) platform. The disbursal of subsidy for cooking gas cylinders will come back on the DBT platform after the previous UPA government decided to put it on the hold just before general elections. The UPA, which started transfer...
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