These conditions are implementation of the 'One Nation, One Ration Card' scheme, ease of doing business, power sector reforms, and urban local body reforms.
The payments industry is at a crossroads with the banking regulator on two pressing issues, neither of which seems headed towards an amicable solution. Depending upon which side accommodates the other, customers in India will have to choose between convenience and ironclad safety. In the end, the Reserve Bank of India (RBI), which regulates both banks and all payments services providers, will prevail. But the question is: will it do so by bending a little or by sticking to its firm stand? The two issues - one concerning payment facilitators storing customers' card details and the other about auto-renewal of payments - appear similar but aren't.
The government is giving adequate publicity to the benefit to be extended to account holders, sources added.
When the Centre tries to encroach upon the subjects that are under the prerogative of the state, or where the centre tries to evade from any responsibility guaranteed to a state through a constitutional provision/obligation, it poses a threat to federalism.
The President noted that this is an opportune moment for the country to play a decisive role in the fourth industrial revolution.
If the LPG consumer does not have an Aadhaar number, he can directly receive subsidy in his bank account without the use of Aadhaar number
It also opposed the suggestion that the contributions be transferred to the National Disaster Response Fund.
She said that despite government scheme and initiatives ranging from roads to agriculture, housing, scholarships to electricity benefiting lives of people, a false narrative was being created by the opposition that the government was working for cronies.
She charged the government with profiteering at the expense of the people, saying its duty was to help them in times of crisis and not make profits out of their hard-earned money.
According to sources, the postal bank will tie up with other banks and financial companies to offer products like loans, mutual funds, and insurance policies to its customers.
Aadhaar will provide a big platform to fight corruption, said UIDAI Chairman Nandan Nilekani, who is expected to contest forthcoming Lok Sabha elections on Congress ticket.
The solution to this problem lies only in making the system more efficient, he said.
The approval for provisioning of Rs 20,000 crore as subordinate debt to provide equity support will benefit 2 lakh stressed MSMEs.
"There have been discussions on implementing UBI in J&K -- not just as a pilot in some districts, but in the entire state, according to Drabu's proposal in the state's Budget," said an official. "Finance Minister Arun Jaitley is also supportive of the idea. A presentation will now be made at the PMO."
Jaitley said Modi government has put decisiveness and transparency on forefront in face of obstructionism.
The staggered increase in kerosene rate may not have the same impact of freeing up the fuel price as for diesel.
Rejecting Rajya Sabha's five amendments and opposition's appeal not to make "haste", the Lok Sabha on Wednesday passed the legislation that aims at better targeting of subsidies through the Aadhaar unique identity number within hours of the Upper Housing returning it.
The government is working to provide healthcare schemes to poor people under the Jan Dhan initiative.
Although the future of Direct Benefits Transfer (DBT) on liquefied petroleum gas (LPG) is uncertain for now, the upcoming vote-on-account is likely to account for about Rs 1,300 crore that was transferred to the bank accounts of customers in the form of subsidy.
Data mining with the object of ensuring that resources are properly deployed to legitimate beneficiaries is a valid ground for the state to insist on the collection of authentic data
Can welfare schemes truly transform from being flagship to flag-bearers for a government that is looking to get a second term in 2019?
'You can presume that Modi and his party will now focus on the economy.' 'But then, there is the Jharkhand election next month, Delhi soon thereafter and so on.' 'And this isn't a political leadership that takes even a panchayat election lightly,' notes Shekhar Gupta.
The immediate need is to put more money in the hands of agriculture-based and rural households to improve their purchasing power, says S Mahendra Dev.
Telecom and IT Minister Ravi Shankar Prasad said one of the primary focus areas of Digital India is Pillar 5: eKranti - electronic delivery of services.
It could end the payment backlog and improve the revenue flow of discoms, says Piyush Goyal
The party believes that Mamata's poor handling of the pandemic and the devastation brought on by Cyclone Amphan will provide it the political fillip it needs.
Speaking at CNBC TV 18's business leadership awards event, Sitharaman made it clear that she was not expecting a jump in the number either.
Former Reserve Bank of India governor Raghuram Rajan said that Rs 65,000 crore is required to help the poor affected by the coronavirus-induced lockdown. He also laid stress on the need to restart the economy while taking precautions.
India plans to phase in cash transfers of food and kerosene subsidies from September, saving 10-15 per cent of the $21 billion in annual outlays on the benefits by eliminating fraud, a senior finance ministry official said on Thursday.
Modi said that in the last four years the government has worked for creating a New India by 2022.
As many as 24.27 crore accounts have been opened under the scheme and the percentage of zero balance has come down to 24.43 per cent
Performance-based incentives were recommended by the 13th Finance Commission, but omitted by the 14th Finance Commission
Team Amazon would also educate and train the khadi artisans to directly sell their products to online customers.
The department of financial services has decided to give banks commission, to ensure these accounts are kept active.
The government is determined to stop generation of black money, he said.
"The Congress believes in the politics of appeasement and dynasty, whereas BJP follows politics of performance," Shah said.
The Jan-Dhan accounts are zero balance accounts, comes with a life cover of Rs 30,000 per person, and an accidental cover of Rs 100,000. An active user of the account can also get overdraft facility of Rs 5,000 from banks.
'Digital India' initiative has a huge potential, he said.
he government is examining a plan of bank recapitalisation and considering an urban version of MNREGS.
The Finance Ministry on Thursday expressed hope that domestic diesel prices will soon become market linked in the backdrop of softening global crude oil rates.
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