PUBLIC DISTRIBUTION SCHEME
Oil India and Gujarat Gas are the two top picks in oil & gas sector? Swarnendu Bhushan explains why
Since the oil and gas production growth will be very strong for Oil India and the momentum is expected to continue for some more time. Another stock is Gujarat Gas, which is in city gas distribution. After the monsoon, construction activities will pick up again and we will see that industrial offtake for Gujarat Gas will improve. Oil India and Gujarat Gas are the two top picks in the sector.
Transforming India's power grid: Highlights from the Transmission & Distribution Conclave 2024
The conclave that took place at KSH Infra Park in Pune, Maharashtra on June 13, brought together industry leaders, experts, and enthusiasts to explore the transformative possibilities within the transmission and distribution industry.
UP govt to promote Centre's rooftop solar subsidy scheme in Ayodhya, Varanasi and Gorakhpur
The campaign for PM Surya Ghar Yojana in Uttar Pradesh targets Ayodhya, Varanasi, and Gorakhpur. It aims to boost solar energy use through a comprehensive approach and public engagement at educational institutions.
India's social welfare schemes don't speak to each other: Andaleeb Rahman, Cornell University academic
Prime Minister Narendra Modi initiated the transfer of funds for PM-Kisan and approved housing assistance under Pradhan Mantri Awas Yojana. In 'The Future of India’s Social Safety Nets,' Andaleeb Rahman and Prabhu Pingali advocate for a systemic approach to social welfare programs.
Public Provident Fund: How nominees, legal heirs can claim a PPF account on death of the subscriber
Public Provident Fund is a popular long-term savings scheme offering tax benefits and attractive interest rates. Here’s how nominees or legal heirs can claim a PPF account on the death of the subscriber.
Assam: Janata Bhawan solar project inaugurated; becomes first civil secretariat in India to rely fully on solar power
Chief Minister Himanta Biswa Sarma inaugurated the Janata Bhawan Solar Project, a 2.5-Mw power generation capacity grid connected rooftop and ground-mounted solar PV system. The project will generate an average of 3 lakh units of electricity monthly, with an investment of Rs. 12.56 crore expected to be recovered within four years. The project will make the Assam Secretariat Complex the first civil secretariat in the country to rely entirely on solar generated electricity for daily consumption.
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Chandrababu Naidu as CM faces huge task of delivering 'Super Six' guarantees with empty coffers
Chandrababu Naidu is poised to assume the leadership of Andhra Pradesh shortly, facing the formidable challenge of revitalising depleted state finances to deliver on the "Super Six" promises his party made during the recent Assembly elections. Naidu is set to be sworn in as Chief Minister of Andhra Pradesh on June 12.
Household-level analysis got Naidu back, now directs government
Chief Minister Chandrababu Naidu plans to implement the 'Super Six' welfare schemes in the first 100 days of his new term, costing ₹97,000 crore. Despite the hefty price tag, his team is prepared with funding strategies, including increasing the tax-GDP ratio and seeking central support. Naidu's campaign strategy focused on personalised welfare schemes to bridge economic gaps and create wealth.
Stray cattle, price rise, paper leaks: UP BJP leaders point to reasons for poor performance
Allegations were also levelled by an MLA against CM Yogi Adityanath for favouring his own Thakur caste wherein the MLA said that legislators belonging to the Thakur caste, even those of other parties or outsiders received great treatment from the CM, while inputs and suggestions of local MLAs and MPs from other castes were disregarded by him. Another MLA also suggested that the contentious Agnipath scheme should be reviewed and the old pension scheme should also be brought back. It was also felt that the party wrongly judged that the Modi factor and national pride plank would cause voters to ignore the other pressing issues.
CBI chargesheet against Sheikh Shahjahan and six others
The CBI has filed a chargesheet against seven individuals, including suspended Trinamool leader Sheikh Shahjahan, in connection with an attack on an Enforcement Directorate (ED) team in Sandeshkhali on January 5. The chargesheet was filed in the Basirhat Court, and the investigation revealed Shahjahan Sheikh as the key conspirator. The ED team was attacked by a mob during a search of Shahjahan's residence in connection with a multi-crore ration distribution scam in Bengal.
PM Modi ended culture of appeasement, started equitable public service delivery: Jitendra Singh
Jitendra Singh said citizen-centric schemes such as the PM Awas Yojna and the Ujjawala Yojna, among others, reached every such household where these amenities were found lacking and the authorities never asked which religion or caste the family belonged to, or which political party they had voted for.
PM Modi-led govt reshaped Budget in last 10 years: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman highlighted that over the past decade, the Modi government has transformed the Union budget from a simple expenditure record into a strategic roadmap for equitable distribution. The minister emphasized the government's commitment to optimizing the utilization of taxpayers' money by ensuring it is allocated for the most effective purposes.
Wealth Redistribution Tempest: Much ado about nothing (read no vote bank)?
The idea of wealth redistribution proposed by Congress leader Rahul Gandhi has sparked a heated debate in India's political landscape, with Prime Minister Narendra Modi labeling it as 'dangerous'. The discussion revolves around conducting surveys to assess wealth distribution and potential redistribution policies, stirring up controversy and accusations between political parties. The issue highlights growing income inequality and calls for radical measures to address economic disparities. While some experts advocate for progressive taxation and social spending to enhance economic equality, others caution against the potential negative impacts of wealth redistribution on individual incentives and overall economic growth. The ongoing debate underscores the complex challenges of wealth inequality in India and the need for thoughtful and effective solutions to ensure a fair and inclusive society.
Wheat procurement crosses last year's figure, comfortable to meet demand: Food ministry
Wheat procurement for the 2024-25 Rabi marketing season progresses smoothly, surpassing last year's total with 262.48 lakh tonnes acquired, benefiting 22.31 lakh farmers. Major states contributing include Punjab, Haryana, and Madhya Pradesh. Rice procurement from the previous Kharif season also proceeds well, ensuring ample stock for welfare programs. Monsoon forecasts remain pivotal for agricultural planning.
Rationalisation of govt bodies: WCD ministry 'officially' dissolves Food and Nutrition Board
The Women and Child Development (WCD) Ministry has officially dissolved the Food and Nutrition Board (FNB), a technical wing of the ministry responsible for providing technical and logistical support for community nutrition programmes. The FNB had a network of offices and quality control laboratories in Delhi, Faridabad, Mumbai, Kolkata, and Chennai. The decision came after a Cabinet meeting in April last year, following recommendations from the Principal Economic Adviser's report on the rationalisation of government bodies.
Tata Power to target 20% share in PM Surya Ghar Muft Bijli Yojana: CEO
"The expectation is that in the next 4-5 years, about 25-30 GW of capacity will be added. We are looking to cover about 20% of this but it will be over five years. It will be flat in the initial years but possibly from the second or third year, we will see much more capacity getting added."
Chandrababu Naidu using BJP to stall welfare schemes, alleges Jagan Mohan Reddy
YSR Congress Party chief Y S Jagan Mohan Reddy accused TDP supremo N Chandrababu Naidu and BJP state president D Purandeswari of obstructing the distribution of welfare schemes in Andhra Pradesh. Speaking at a public meeting in Rajanagaram, he alleged that they were pressuring the Election Commission to halt direct benefit transfer financial assistance for ongoing state welfare schemes like pensions and input subsidy.
Closing fake accounts in Govt schemes saved Rs 3.35 lakh cr
The government's efforts to eliminate fake beneficiaries from various schemes resulted in saving approximately ₹3.35 lakh crore between FY18 and FY24. The Department of Expenditure identified and canceled millions of fake ration cards, beneficiaries of the LPG subsidy scheme, names under the MGNREGS, and beneficiaries under the PM Kisan scheme. These savings, which amounted to ₹30,000 crore in FY24 alone, are expected to be even higher when considering the last decade. The government is working with state governments to use technology to further reduce leakages.
Wealth distribution: Five critical things to know
In a country where the majority is not rich, redistribution is a potent tool for political rhetoric and action. In a country that's not rich, it is a destructive tool for action because the only thing that gets redistributed is poverty.
'Congress ki loot jindagi ke saath bhi, jindagi ke baad bhi': PM Modi hits out at Congress for Sam Pitroda's remark over inheritance tax
Lok Sabha Election 2024: PM Narendra Modi criticized Congress for their stance on inheritance tax and wealth redistribution. Modi accused Congress of burdening people with higher taxes during life and imposing inheritance tax after death. He condemned Rahul Gandhi and his advisor, Sam Pitroda, for proposing policies that would snatch away the wealth earned through hard work. Pitroda's remarks sparked controversy, emphasizing the need for equitable wealth distribution policies.
Central agencies attacked in Bengal as TMC wants to protect corrupt leaders: PM Modi
While addressing a mega rally in Jalpaiguri, Modi also claimed that "TMC's syndicate Raj" prevails in West Bengal, and the party is only interested in protecting its corrupt leaders.
Ration card is for PDS, not address proof: Delhi HC
The Delhi High Court has ruled that ration cards cannot be considered proof of address or residence; they are issued exclusively for obtaining essential commodities under the public distribution system.
Everyone is interested in millets. But where are the crops?
The praiseworthy efforts to make mainstream millets in the food system are in danger of losing steam because of a lack of incentives to attract farmers.
Agriculture Ministry gets Rs 1.27 lakh cr budget allocation for FY25
According to the budget papers, the Ministry of Consumer Affairs, Food & Public Distribution has been allocated Rs 2.13 lakh crore for the next fiscal year, lower than the 2023-24 allocation. Under this ministry, the allocation for the department of consumer affairs has been earmarked at Rs 303.62 crore for 2024-25 from Rs 309.26 crore in the current year.
Govt to extend sugar subsidy under AAY till March 2026
The approval is expected to extend benefits of more than Rs1850 crore during the period of the 15th Finance Commission (2020-21 to 2025-26), said the statement adding that the scheme is expected to benefit about 1.89 crores AAY families of the country.
Govt approves extension of subsidy scheme on sugar supplied to AAY families by 2 years till Mar 2026
The Union Cabinet, chaired by Prime Minister Narender Modi, approved extension of scheme of sugar subsidy for AAY families distributed through Public Distribution Scheme (PDS) for two more years till March 31, 2026. With this approval, the government will continue giving subsidy of Rs 18.50 per kg to participating states for distribution of sugar to AAY families through PDS at the rate of one kg per family per month.
Will sit on dharna from Feb 2 if Centre does not clear Bengal's dues: Mamata Banerjee
Speaking at a public distribution programme in Malda, Banerjee urged party workers and those affected by the non-payment of funds to participate in the dharna, which would be staged at the BR Ambedkar statue in Red Road area in the eastern metropolis. "I have given them an ultimatum till February 1 to clear all dues of the state, failing which I will stage a dharna from February 2. If the dues are not cleared, I know how to get it through a movement.
Sebi orders Growpital to stop accepting investments from public
The market regulator says the agriculture-focused startup has been operating collective investment schemes without licence or registration.
Cong govt in T'gana to implement Rs 500 LPG cylinder scheme within 100 days: Uttam Kumar Reddy
After holding a review meeting with senior officials of the department, Reddy told reporters that the total loans of the civil supplies corporation had reached Rs 56,000 crore as the previous BRS government failed to extend financial assistance and the interest component touched Rs 3,000 crore.
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