Fiscal discipline has been maintained but toxic assets worth Rs 7 crore are a massive headache
The Union Cabinet, meeting at the new PMO complex 'Seva Teerth', resolved to prioritize citizen empowerment and service in all its decisions, guided by the principle of 'Nagrik Devo Bhava'.
The income-tax department on Thursday nudged black money holders to make "honest" disclosures under the tax amnesty scheme -- Pradhan Mantri Garib Kalyan Yojana -- warning that non-declaration could attract 77.25 per cent tax and penalty along with prosecution.
She added that the government has extended the PM Garib Kalyan Anna Yojana for five years which is benefiting 80 crore people of the country.
Prime Minister Narendra Modi on Saturday said the government will extend for five years the free ration scheme, Pradhan Mantri Garib Kalyan Anna Yojana, covering 80 crore poor people.
The approval is in addition to the existing scheme for the wage months of March to May, 2020 approved on April 15, 2020. The total estimated expenditure is Rs 4,860 crore and over 72 lakh employees in 3.67 lakh establishments will be benefitted.
India's External Affairs Minister S Jaishankar countered a US senator's claim that democracy does not put food on the table, citing India's PMGKAY program which provides food to 800 million people. Jaishankar argued that different parts of the world have different experiences with democracy and that the model of globalization has contributed to issues with democracy in some regions. He emphasized that India's democratic system effectively delivers food security, highlighting the PMGKAY program as an example.
The statutory resolution demanded that the Tribunals Reforms Bill be send to the select committee of the House, however, it got negated.
'It is good for us if the JMM contests. That will divide the Opposition and give us the upper hand.'
Buoyancy in the real estate sector along with improved construction activities created jobs and facilitated the return of migrant workers to cities, the Economic Survey for 2022-23 tabled in Parliament on Tuesday said. This assumes significance in view of loss of jobs due to lockdown restrictions imposed in various parts of the country from time to time amid different waves of pandemic since March 2020. The survey points towards sustained recovery in the economic activities during 2022-23 fiscal year.
'If a poor voter sees Modi's picture on ration bags, it is natural he will vote for Modi and the BJP.'
The government has extended the PMGKAY scheme to provide 5 kg free foodgrains per month to around 80 crore poor people for another five years. A decision in this regard was taken in the meeting of the Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday. Giving details on Wednesday, Information and Broadcasting Minister Anurag Thakur said the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) has been extended for another five years from January 1, 2024.
The government has extended the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) scheme to provide 5 kilogrammes of free foodgrains per month to around 80 crore poor people for another five years.
Of the total cash outgo Rs 40,000 crore is towards enhanced expenditure under Mahatma Gandhi National Rural Employment Guarantee Program and Rs 33,771.48 crore have been sought for direct benefit transfer under Pradhan Mantri Jan Dhan Yojana and National Social Assistance Programme.
Distributing chana is easier than other varieties of pulses as it only requires cleaning and sorting and can be consumed whole; it was also abundantly available with Nafed.
The Centre has allocated Rs 73,000 crore to the rural employment guarantee programme Mahatma Gandhi National Rural Employment Guarantee Act for the next fiscal 2021-22, substantially lower than the actual expenditure of Rs 1.11 lakh crore in the current fiscal which included an additional Rs 40,000 crore for the scheme given by the government in the wake of the pandemic's impact on the economy.
In times of global challenges, G-20 presidency gives an opportunity to strengthen India's role in the global order, she added. The government is implementing scheme to supply free foodgrains to poor under Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY) with expenditure of Rs 2 lakh crore from January 1, the finance minister said.
Under the PMGKY scheme, black money holders can deposit unaccounted cash in account which will be subject to 50 per cent tax and 4-year interest free lock-in for the remaining 25 per cent of the amount
There are challenges galore before him, and it is not going to be easy. In the next four years, he has to conjure a system that changes the optics about him and the BJP both nationally and internationally so that he can ride back on his own, claim the top slot, and not have to lean on a coalition, asserts Ramesh Menon as Modi 3.0 completes a year in power.
The government, they said, will launch a mega drive, Viksit Bharat Sankalp Yatra, across all 2.7 lakh panchayats in the country to reach out to beneficiaries and enrol them.
The sole intention of the opposition parties is to create roadblocks on the path of development, the prime minister said, as he termed their action "anti national".
Extreme poverty in India declined by 12.3 percentage points between 2011 and 2019, with rural areas doing better than urban centres, according to a working paper of the World Bank. India has not released a new household consumption survey since the NSS from 2011. By extension, the country has not released any official estimates of poverty and inequality for over a decade now, added the paper co-authored by economists Sutirtha Sinha Roy and Roy van der Weide.
Rs 6,000-cr disclosure just four days before scheme ends
This is the first Budget in Amrit Kaal, she said.
also made a case for the need to create a self-sufficiency fund for innovation, construction and manufacturing clusters to make use of the emerging opportunities in the wake of disruption in global supply chain.
"Fact that persons with disabilities get marginalised from every scheme does not require a debate," the court said.
To ensure enough food to the poor during the lockdown, the government last week started distributing free 5 kg of rice or wheat per person and 1 kg pulse per household under the Pradhan Mantri Garib Kalyan Yojana to over 81 crore PDS beneficiaries.
India's rice production could fall by 10-12 million tonnes during the Kharif season of this year, due to a fall in paddy sowing area, the government said on Friday. However, food secretary Sudhanshu Pandey asserted that the country will have surplus production in rice. He pointed out that the paddy acreage is lower by 38 lakh hectare so far this kharif season, because of less rains in many states.
'The Congress in the past backed the demand, but will not support it now since the SP opposes any division of UP.'
Here are the key highlights of the BJP's 'Sankalp Patra' for the 2024 parliamentary polls.
It was reported that the new amnesty scheme would allow gold hoarders a chance to come clean on investment made using black money by declaring their possession and paying tax on it.
Following are the highlights of the Economic Survey 2022-23 tabled in Parliament on Tuesday
"The response (to the PMGKY) has not been so good...about Rs 5,000 crore of income was declared in PMGKY," Revenue Secretary Hasmukh Adhia said.
BJP general secretary Arun Singh said that during the course of the meet, discussions will be held on farm laws, Aatmanirbhar Bharat and upcoming state polls.
"The Congress government and the chief minister should tell the people of Chhattisgarh what link they have with the accused in this scam sitting in Dubai," he said.
Prime Minister Modi will invite all Olympics participants to his residence for the interaction, in addition to the programme at the Red Fort.
About 56 million Indians may have plunged into extreme poverty in 2020 as a result of the pandemic, increasing the global tally by 71 million and making it the worst year for poverty reduction since World War II, according to fresh estimates by the World Bank. "The global goal of ending extreme poverty by 2030 is likely to be missed: By then, about 600 million people will remain in abject poverty. A major course correction is needed," Indermit Gill, chief economist at the World Bank, tweeted. The World Bank in its latest "Poverty and Shared Prosperity" made fresh estimates of poverty using a new extreme poverty line based on the purchasing power parity (PPP) of $2.15, the earlier one being at $1.9.
Launching the scheme, Modi said during the nationwide lockdown, the talent from cities returned to villages and it will now give a boost to development of rural areas. The 'Garib Kalyan Rozgar Abhiyaan' will be implemented on a mission mode in 125 days in 116 districts of six states -- Bihar, Madhya Pradesh, Uttar Pradesh, Rajasthan, Jharkhand and Odisha -- that received the maximum numbers of migrant workers back.
To kick-start the work under MGNREGA after the lockdown is lifted, the government has already prepared plans and states have also submitted their work plans.
According to an Election Commission statement, the two have decided not to avail exemption from income tax on sumptuary allowance and to surrender two of the three Leave Travel Concessions (LTC) available each year.
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