Centre saved Rs 56K-cr through Aadhaar-enabled DBT, claims Modi

Agencies
February 11, 2018

Dubai, Feb 11: Prime Minister Narendra Modi today said the Centre has saved Rs 56,000 crores through Aadhaar- enabled direct benefit transfer of about 400 government schemes.

Stating that technology plays a pivotal role in the growth of an economy, Modi said one tax structure or GST has been made possible in India only because of it.

In his keynote address at the World Government Summit in Dubai, he said the government's e-market programme of GEM has witnessed transactions worth Rs 4,500 crores in a very short span of time.

Government e-Marketplace is meant for online purchase of commonly used goods and services by various central government ministries and departments.

Modi said due to technology-enabled GEM, even smallest of traders can sell their goods using this platform.

He further said India is going through a revolution in digital payment space and fast moving towards a less cash economy.

Talking about Startup India mission, he said India is creating an ecosystem for innovation through this programme and the country has become a major startup nation in the last two years.

Stating that over 65 percent of India's population is below 35 years of age, Modi stressed the need to encourage the youth in the field of innovation while seeking international cooperation to realise the dream to create a "New India."

Modi said technology, which is changing at a speed of thought, has given a boost to his idea of 'minimum government and maximum governance' which today has changed the common man's life.

With regard to the role of technology in the government's aim to double farmers' income by 2022, he cited two examples.

First, the soil health card scheme, under which farmers get to know about the health of soil and second is the Krishi Mandi or e-NAM portal, a single window information services for farmers, which has seen transactions worth Rs 36,000 crores.

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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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News Network
June 8,2020

New Delhi, Jun 8: India on Monday reported the highest single-day spike of 9,983 more COVID-19 cases and 206 deaths in the last 24 hours.

With this, the country's coronavirus count has reached 2,56,611, including 1,25,381 active cases, according to the Ministry of Health and Family Welfare.

1,24,094 patients have been cured/discharged so far and 7,135 succumbed to the deadly virus. While one patient has migrated.

With 85,975 cases, Maharashtra is the worst-affected state in the country followed by Tamil Nadu at 31,667 cases.

A total of 1,08,048 samples were tested for coronavirus in the last 24 hours and overall 47,74,434 samples have been tested till now.

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News Network
June 10,2020

Chennai, Jun 10: DMK MLA J Anbazhagan who had tested positive for coronavirus and was on ventilator support from June 3 passed away at a hospital in Chennai on Wednesday.

Coincidently, today is the 62nd birthday of the MLA.

"Anbazhagan J, who has been fighting for his life with severe COVID 19 pneumonia rapidly deteriorated early this morning. In spite of full medical support including mechanical ventilation at our COVID facility, he succumbed to his illness. He was declared dead at 08:05 hours on the 10th of June 2020," the hospital said in a statement.

In 2001, Anbazhagan was elected from T Nagar Assembly constituency. He served for five years.

Later in 2011, he was elected to Tamil Nadu Assembly from Chepauk-Thiruvallikeni seat. The DMK leader was re-elected from the same constituency in 2016.

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