Mumbai: Finance Minister P Chidambaram on Saturday described government's ambitious direct cash transfer scheme as "nothing less than magical", saying the move is aimed at plugging the loopholes in the delivery mechanism and ensure that poor get complete benefits of government schemes. Explaining the details of direct cash transfer scheme and its benefits to party workers, Chidamabaram termed the scheme as "nothing less than magical", according to MPCC chief Manikrao...
09:10 PM, Dec 01, 2012
New Delhi: Pushing ahead with the direct cash transfer scheme, the Prime Minister's Office has directed various ministries and departments to immediately get down to the task of operationalising the ambitious programme to be rolled out from January 1, next year. "I would request you to get down to the immediate task of operationalising Direct Cash Transfers in the identified schemes in your Department," said Pulok Chatterjee, Principal Secretary to...
03:52 AM, Dec 01, 2012
Patna: Describing the direct cash transfer scheme of the Centre as "good" in principle but "bad" in form as it excludes food and fertiliser, Bihar Chief Minister Nitish Kumar on Friday said he would take up the matter with Prime Minister Manmohan Singh. "The cash transfer scheme brought by the Centre is good in principle as Bihar has already successfully experimented this," Kumar told reporters. He, however, said the form...
04:58 PM, Nov 30, 2012
New Delhi: The Supreme Court has issued a notice to the Government of India following a PIL that challenges the Aadhaar scheme. The petition has been filed by a retired judge of the Karnataka High Court. The petition says the bill is pending in Parliament and alleges that Aadhaar cards are being given to non-Nationals. The PIL also argues that as the card is being manufactured by private companies, there...
01:41 PM, Nov 30, 2012
The benefits of the cash transfer scheme to be rolled-out from January 1 in 51 districts will reach the intended beneficiary only by February-March, said Planning Commission Deputy Chairman Montek Singh Ahlwualia. ...
11:17 PM, Nov 29, 2012
New Delhi: Apprehensive of any advantage to Congress from Aadhar-based cash transfer scheme, BJP on Thursday said it is aimed at getting political mileage for the ruling party and wanted to know why Rahul Gandhi is part of the policy's monitoring committee. BJP Chief Spokesperson Ravi Shankar Prasad raised several objections to the manner in which the government has announced the cash transfer scheme and its implementation. "Two senior ministers...
09:40 PM, Nov 29, 2012
New Delhi: The Bharatiya Janata Party on Thursday said it is not opposed to Aadhar-based cash transfer scheme and that there was nothing new in the announcement for which Congress is taking "political mileage". It also said its state governments have been implementing similar schemes for years. "There is nothing new in this method. Many state governments give scholarships and pensions to the bank accounts of the people directly. Moreover,...
03:17 PM, Nov 29, 2012
Ghaziabad: Land acquisition and corruption will be among a string of issues to be highlighted by Arvind Kejriwal's Aam Aadmi Party (AAP), which on Tuesday described the UPA government's decision to launch direct cash transfer scheme as a "bribe to voters". After a two-day meeting of AAP's National Executive which took several decisions about future plans, Kejriwal also said the expose on corruption will continue even as it will target...
08:59 PM, Nov 28, 2012
New Delhi: Set to launch its new flagship programme of direct cash transfer from January one next year, the government on Tuesday said it will be a "game changer" with lasting benefits and dismissed suggestions that the roll-out hinted at mid-term polls. The programme, aimed at plugging leakages and ensure efficient delivery of benefits, will initially cover 29 welfare schemes mainly related to scholarships but leave out beneficiaries of subsidised...
02:41 AM, Nov 28, 2012
Referring to the modus operandi of the scheme, Chidambaram said that subsidies would directly be credited to the bank accounts of the beneficiaries. ...
11:44 PM, Nov 27, 2012
The government claims falsification and duplication will be eradicated as subsidies will be directly credited to bank accounts of beneficiaries. The first announcement about Direct Cash Transfer was made the then Finance Minister Pranab Mukherjee in his Budget speech on March 16, 2012. The announcement was made in paras para 23, 24 and 25 of the Budget speech and the first press release on the same was issued by the ...
10:03 PM, Nov 27, 2012
New Delhi: The United Progressive Alliance (UPA) government on Tuesday furnished the outline of its ambitious direct cash transfer scheme, with Union Finance Minister P Chidambaram terming it as a big political game changer. Addressing a press conference at the Congress party headquarters, the Union Finance Minister said that the scheme would be launched in 51 districts in its first leg, and present operational 42 schemes of the government, including...
05:17 PM, Nov 27, 2012
A day after the government announced the direct cash transfer scheme for BPL families through Aadhar cards, the opposition is calling it a ploy to end subsidies. ...
03:15 PM, Nov 27, 2012
Pune: The government will start direct cash transfer of subsidy amount to beneficiaries in 51 districts from the beginning of the next year and targets to introduce the new programme across the country by the end of 2013, Finance Minister P Chidambaram said on Saturday. "We are going to launch the ambitious programme of payout of direct cash subsidy to people through the Aadhaar system in 51 districts across 15...
05:29 AM, Nov 25, 2012
New Delhi: Another Stock Guru-like scam has been unearthed which exploited the devout. Around 15,000 investors from the Christian community were duped in an investment scheme that promised a tour to Israel for six days, investment for a divine tower, schools and hospitals for the poor. The scheme was a perfect narrative to lure investors in the name of religion. Many from the Christian community like Clement D'Souza fell for...
07:39 AM, Nov 24, 2012
As many as 15,000 investors from the Christian community were duped in an investment scheme promising Israel tour. ...
08:04 PM, Nov 23, 2012
Mumbai: The Rs 2,300 crore Speak Asia scam, the Rs 1,700 crore Aryarup scam and now the Rs 500 crore Stock Guru scam - all these cases involved accusations of duping investors with false promises. Experts, however, chillingly add that these are just the tip of the iceberg. Several direct selling companies are cropping up, with flimsy promises to investors. At least 329 of them are now under the scanner....
09:26 AM, Nov 20, 2012
New Delhi: The government on Friday set a January 1, 2013 deadline for kick starting its ambitious scheme of directly transferring cash to beneficiaries of welfare schemes and subsidiaries, a project announced by Prime Minister Manmohan Singh over a month ago, in 51 districts across the country. The decision was taken at a meeting of the executive committee on direct cash transfers chaired by prime minister's Principal Secretary Pulok Chatterji...
01:13 AM, Nov 10, 2012
New Delhi: A company promising hefty returns on investments made for rearing goats has come under the scanner of market regulator SEBI and action may be initiated against it as early as next week. Claiming to have large goat-rearing farms in northern parts of the country, Beetal Livestock & Farm (P) Ltd had solicited investments from the public with a promise of 2 per cent monthly returns, and doubling of...
02:59 PM, Nov 06, 2012
It was an ambitious project of the government, but it's turning into a nightmare with children being served substandard food. ...
07:55 PM, Nov 02, 2012
