Later, there may be some tax relief aimed at the middle class and measures to benefit the sectors worst hit by Covid-19 and the resultant nationwide lockdown.
The two states account for 24% of total accounts opened under financial inclusion scheme.
Is it a case of poor targeting of a welfare scheme, or is it a reflection of the government's desire to expand the scope of this benefit to secure greater electoral dividends? asks A K Bhattacharya.
The government had last year excluded those with an annual income of more than Rs 10 lakh from LPG subsidy
Can welfare schemes truly transform from being flagship to flag-bearers for a government that is looking to get a second term in 2019?
Delhi Chief Minister Arvind Kejriwal 'directly used' part of the alleged Rs 100 crore generated from the 'kickbacks' of the Delhi excise policy 'scam' by staying in a luxury hotel in Goa, the Enforcement Directorate (ED) has claimed in its charge sheet filed against the Aam Aadmi Party supremo.
Modi slammed the opposition alleging they "remember farmers once in 10 years -- just before elections".
Govt targets 1 cr consumers to give up LPG subsidy.
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
There are about 15.3 crore LPG consumers in the country.
It is increasingly clear that Rajasthan, under the leadership of Chief Minister Vasundhara Raje, will lead the country in terms of policy reform.
The court was hearing petitions challenging the Aadhaar scheme.
The outgo for major subsides, is the highest in the first quarter.
The President noted that this is an opportune moment for the country to play a decisive role in the fourth industrial revolution.
The research found that 50% of the people were receiving either nothing or less cash than they were entitled in lieu of the subsidised grains that were stopped under the pilots starting from September 2015 till May 2016.
Policymakers should consider the challenges of beneficiary identification, distributor opposition and beneficiary financial inclusion.
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.
Department of Financial Services is regularly emphasising the early issuance of RuPay Debit Cards, e-KYC based account opening, Aadhaar seeding, financial literacy and the progress in survey made.
Modi said the country needs to increase domestic output of energy.
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
'We have essentially tried to set out an agenda for the next five years and it, in essence, represents the political commitment to that agenda.'
Among index funds, the most popular products are funds tracking the Nifty 50 and Sensex, says Dwaipayan Bose, and explains the finer points of selecting the right index mutual fund.
The government appointed panel will look at the difficulties consumers faced in receiving the subsidy after buying gas cylinders at market rates.
It also assured that the amount of medical insurance coverage under the Ayushman Bharat scheme would be doubled from Rs 5 lakh to Rs 10 lakh.
He said digitisation was aimed at bringing in accountability and added that more cash would bring with it social evils.
Kumar said the Commission will follow the time-tested methods of consultations and consensus building in bringing about any reforms and will not shy away from tough decisions, according to an Election Commission (EC) statement.
'I remain optimistic that 2021 will be better than 2020 because we have visibility of vaccinations this year.'
Free provision of food, cash transfers, and jobs in villages see enhanced flow of funds despite a precipitous fall in revenue. Till May, defence spend was nearly 30 per cent less than the previous year.
The scheme initially envisaged conferment of proprietary rights of around 20.55 lakh kanals of land (1,2,50 hectares) to occupants of which 15.85 per cent of land was approved for vesting of ownership rights.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
A bench headed by Chief Justice P Sathasivam said that the plea of the Centre would be taken up for hearing on October 8.
It could end the payment backlog and improve the revenue flow of discoms, says Piyush Goyal
The biggest problem is that those with Aadhaar numbers aren't coming forward for seeding these with bank accounts.
The Cabinet on Wednesday approved the National Mission on Edible Oils - Oil Palm (NMEO-OP) with a financial outlay of Rs 11,040 crore to promote domestic cultivation of oil palm in the next five years, and reduce the country's dependence on edible oil imports. The decision comes after Prime Minister Narendra Modi announced the new central scheme on August 15 during his Independence Day speech at Red Fort. Briefing the media, Union Information and Broadcasting Minister Anurag Thakur said the Cabinet approved the NMEO-OP with a focus on the northeast region and the Andaman and Nicobar Islands with a financial outlay of Rs 11,040 crore.
The government is coming up with this new law, replacing the Consumer Protection Act 1986, which will incorporate the revised 2015 UN guidelines on consumer protection.
Performance-based incentives were recommended by the 13th Finance Commission, but omitted by the 14th Finance Commission
He said the country needs to have "zero tolerance" for corruption in the administrative ecosystem and this would work for the idea of a developed India.
A senior RBI official said the regulator was focusing on performance of banks' statewise and in each district.
The staggered increase in kerosene rate may not have the same impact of freeing up the fuel price as for diesel.
The government plans to transfer all subsidies including food, fertiliser and kerosene, potentially taking direct payments to more than $60 billion.
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