-The Hindu The Pradhan Mantri Ujjwala Yojana scheme, which recognises the importance of clean cooking energy, is welcome. But we need to focus on issues of cash flow, awareness, availability and administration Within a fortnight of the recently announced Union Budget, the Cabinet Committee on Economic Affairs approved the Pradhan Mantri Ujjwala Yojana, earmarking Rs. 8,000 crore for it, with the aim of providing five crore subsidised Liquefied Petroleum Gas (LPG)...
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Govt mines tax data to prune LPG subsidy list -Jyoti Mukul & Sudheer Pal Singh
-Business Standard Petroleum ministry went through the list of consumers in affluent areas to find only 3% earning over Rs 10 lakh/year had surrendered their cooking gas subsidy The government is monitoring people earning over Rs 10 lakh a year who have not given up their cooking gas subsidy. Income tax data was being examined in affluent areas, Petroleum Minister Dharmendra Pradhan told Business Standard. This year's Economic Survey said Rs 1 lakh...
More »All you wanted to know about Aadhaar Bill -V Nalinakanthi
-The Hindu Business Line Last week, the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2016 was passed by the Lok Sabha. Earlier in the week, the Bill was returned by the Rajya Sabha with five key amendments, but these were turned down and the LS passed it as a Money Bill. What is it? The Aadhaar Bill plans to use the identification number issued by the Unique Identification...
More »Why microfinance is fading out -M Sureshbabu and Arun Kumar Gopalaswamy
-The Hindu Business Line MFIs are unable to address the needs of self-help groups. They have been hit by the falling growth of SHGs There has been a long-standing debate on the ability and effectiveness of the formal banking system as a vehicle for financial inclusion. The thrust has been to increase the number of small banks, as they play a very important role in the supply of credit to small business...
More »Despite being around for a decade, MGNREGS continues to be plagued by leakages, fraud -Dinesh Narayanan
-The Economic Times I will never make the mistake of discontinuing M(G)NREGA; because it is a living testimony of your failures. After 60 years of Independence you had to make people dig ditches — Prime Minister Narendra Modi. In that March 2015 speech in Parliament, Prime Minister Modi taunted the Congress Party that the rural job guarantee programme Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) was required because of the party's...
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