-The Hindu Allocation for existing scheme slashed The Centre has allocated Rs.500 crore for a new pension scheme for workers in the unorganised sector, even while reducing its allocation for an existing pension scheme by Rs.775 crore. The new scheme, to be called the Pradhan Mantri Shram-Yogi Maandhan, will benefit unorganised sector workers who have a monthly income up to Rs.15,000. It will provide them a monthly pension of ?3,000 from the age...
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Banks lost Rs 41,167 crore to fraud in 2017-18: RBI -George Mathew
-The Indian Express There were 5,917 instances of bank fraud in 2017-18 as against 5,076 cases the previous year, show the data released Friday. Fraudsters have looted Rs 41,167.7 crore from the banking system in 2017-18, a sharp jump of 72 per cent from Rs 23,933 crore the previous year, despite “stringent monitoring and vigilance”, according to data released by the Reserve Bank of India (RBI). There were 5,917 instances of bank...
More »33.5 crore Jan Dhan accounts, 25.6 crore operative: Govt
-The Times of India NEW DELHI: After an initial target of six crore rural and 1.5 crore urban households, the Jan Dhan scheme for the unbanked has touched 33.5 crore accounts of which 25.6 crore are “operative” while the deposits in the accounts add up to a substantial 85,494 crore. With the government’s focus shifting from “every household” to “every unbanked adult”, the PM Jan Dhan Yojana is offering an enhanced overdraft...
More »Loan waiver promise tipped the scales in favour of Congress in Madhya Pradesh
-PTI BHOPAL: Congress president Rahul Gandhi's promise of a farm loan waiver if his party is voted to power in Madhya Pradesh seems to have helped it reap a rich harvest of votes and end 15-year-long wait for power. In the wake of Rahul Gandhi's populist promise made during campaigning for the November 28 polls, cultivators did not sell their paddy produce and stocked them to reap the benefit of the promised...
More »Delhi govt fined Rs 25cr for failing to curb pollution
-The Times of India NEW DELHI: The National Green Tribunal (NGT) on Monday fined the Delhi government 25 crore for failing to take action to curb pollution in the capital, despite clear directions from the tribunal to do so. A bench headed by NGT chairperson Justice Adarsh Kumar Goel slapped the fine after learning that the government had not complied with its directions to control the practice of open burning in industrial...
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