The World Bank has approved loans totalling $1.75 billion (about Rs 13,834.54 crore) to fund India's PM Ayushman Bharat scheme and private investment to boost the economic growth. Of the total loan, $1 billion will go towards the health sector, while the rest $750 million will be in the form of development policy loan (DPL) to fill the financing gaps through private sector investment in the economy. The World Bank Board of Executive Directors approved two complementary loans of $500 million each to support and enhance India's health sector.
'For free supply of drugs and medicines itself, almost Rs 20,000 crores would be required.'
Not declaring the black money under the scheme now, but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty. In case the disclosure is not made either using the scheme or in return, a further 10 per cent penalty on tax will be levied followed by prosecution.
India is only on the starting block.
Unlike the first two stimulus packages, this time the focus would be on boosting demand.
The key components of the Ayushman Bharat Digital Mission include a health ID for every citizen that will also work as their health account, to which personal health records can be linked and viewed with the help of a mobile application, a Healthcare Professionals Registry (HPR) and Healthcare Facilities Registries (HFR) that will act as a repository of all healthcare providers across both modern and traditional systems of medicine.
Prime Minister Dr Manmohan Singh had to intervene to control a "big fight" in Union Cabinet meeting between Rural Development Minister Jairam Ramesh and Finance Minister P Chidambaram on Wednesday, over serious differences on Assam and Jammu-Kashmir getting extra grants from the Pradhan Mantri Gram Sadak Yojana.
The home minister said the northeast and the Left-wing extremism-affected areas in the country are tribal-dominated regions and security is a precursor to development there.
The Republic Day parade, which will begin at around 1030 am, will be a unique mix of the country's military prowess and cultural diversity, depicting the country's growing indigenous capabilities, Nari Shakti and emergence of a 'New India'.
The states and Union territories were also urged not to store, reserve, conserve or create a buffer stock of the COVID-19 vaccines, the Union health ministry said in a statement, a day after the start of the second phase of India's inoculation drive in which the coverage has been expanded to include everyone above 60 and those over 45 with specified co-morbidities.
'Like doctors, health workers, police, bankers are also COVID warriors,' notes Tamal Bandyopadhyay.
The scam-ridden Congress government in Chhattisgarh has become a model of misrule and people have decided to root it out in the upcoming assembly elections, he said.
Sitharaman also announced Rs 10,000 crore fund to support 2 lakh micro food enterprises for promoting health and wellness, herbal, organic and nutritional products.
Over 10 million farmers have received Rs 2,000 crore under the flagship scheme says Virendra Singh Rawat.
After taking benefit of the scheme, jobs increased by around 11 mn in establishments that took loans.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan said he ordered to stop the water outflow from the Bansagar dam so that the water level in the canal can go down, which will aid in rescue operations.
The government will take special efforts to ensure adequate credit flow to underserved areas -- the eastern states and Jammu-Kashmir, he added.
The districts are Gondia (Maharashtra), Raj Nand Gaon (Chhattisgarh), Davangiri (Karnataka), South Goa, Wayanad and Kottayam (Kerala), West Imphal (Manipur), Rajouri (J&K), Aizwal West (Mizoram), Mahe in Puducherry, SBS Nagar in Punjab, Patna, Nalanda and Munger in Bihar, Pratapgarh in Rajasthan, Panipat, Rohtak and Sirsa in Haryana, Pauri Garhwal in Uttrakhand and Bhadradari Kothagudem in Telangana.
Modi's BJP has promised more revdis or freebies for these assembly elections than ever before, points out N Sathiya Moorthy.
Here's the full text of the maiden address to the nation by President Droupadi Murmu on the eve of Independence Day 2022.
'Nitish Kumar was not happy about promoting R C P Singh as Union minister.'
Rural populations will get will get employment in the industrial corridors following amendments to the land acquisition bill.
The EPFO is now developing a software that will help show retirement savings in cash and ETFs components separately. At present the account only shows the savings as gross cash component.
MUDRA Bank will have a corpus of Rs 20,000 crore.
Four recent instances help us understand why Prime Minister Narendra Modi could truly be called the chief human resources officer (CHRO) of the country.
Whether it was the MGNREGS or the NFSA or the Aadhaar-based DBT scheme for cash transfer, the Modi government has built on the basic architecture created by the Singh government. Policy makers in the Modi government, instead of discarding them as products of the previous political regime, worked on them, expanded their scope and reach, and used new tools to improve their performance, explains A K Bhattacharya.
The department of financial services has decided to give banks commission, to ensure these accounts are kept active.
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Private banks account for a total of 21.15 per cent in terms of advances in the overall banking system.
Rural outlay may go up 23% to reduce pains of demonetisation
The finance ministry on Sunday highlighted its achievements during the past six months, including the Jan-Dhan Yojana, Varishtha Pension Bima Yojana, and actions taken to curb black money.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
Finance Minister Arun Jaitley more than halved the central government's financial support.
The data show close to 72.5 million accounts have been opened till November 10 with an average 500,000 opened every day.
The Jat vote is crucial in winning at least 40 assembly seats in Western UP, which has been in the grip of a widespread farmer movement, reports Nitin Kumar.
As Prime Minister Narendra Modi is set to deliver his third Independence Day speech on August 15, he is inviting ideas from citizens on issues he should speak on
One of the major challenges before the government is that the annual average refill by a PMUY consumer is 3.28 cylinders compared to seven for others.
Prime Minister Narendra Modi on Saturday announced a number of welfare measures for children who lost their parents to COVID-19, including ensuring a corpus of Rs 10 lakh when they turn 18 and providing for their education.
Motor insurance is expected to generate largest claims for the companies whereas for crop insurance, the Agriculture Insurance Company is expecting claims of about Rs 15-16 crore
Modi wanted to reap the Pradhan Mantri Kaushal Vikas's success in the 2019 election, but officials say blaming Rudy alone for its slow progress was unjust.
'Our government has created 10 million jobs when the Indian unemployment rate is at a 45-year high.'
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