Aadhaar-enabled direct cash transfer system launched

October 20, 2012

aadhar

Dudu, October 20: Millions across the country may soon get benefits of various government schemes such as cooking gas subsidies and old age pension with the launch of the much-awaited Aadhaar-enabled direct cash transfer system here.

Prime Minster Manmohan Singh and UPA chairperson Sonia Gandhi launched the much touted payment mechanism which is aimed at checking corruption and pilferage in the social sector schemes that seek to promote financial inclusion.

The launch of the scheme coincides with the second anniversary of Aadhaar project, which is being implemented by the Unique Identification Authority of India (UIDAI).

In the last two years, the UIDAI has generated over 20 crore Aadhaar numbers. The Aadhaar number 21 crore was handed over to a villager in Dudu by Sonia Gandhi at a function here which was also attended by Finance Minister P Chidambaram, Chief Minister of Rajasthan Ashok Gehlot, Planning Commission Deputy Chairman Montek Singh Ahluwalia, Union Ministers Sachin Pilot, Ashwani Kumar and Namo Narain Meena among others.

“This is very significant thing and it will help reducing wastage, fraud and corruption,” said UIDAI Chairman Nandan Nilekani.

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Use of Aadhaar-based delivery mechanism will improve compliance management, reduce leakages and increase efficiency and accountability of the government’s social sector schemes.

The government is rolling out Aadhaar enabled service delivery initiative in 51 districts across the country. It will be used for making pension payments, MNREGA payments, PDS distribution, scholarship payments, an official statement said.

UIDAI Director General R S Sharma said, 80 per cent of the work in the 20 districts out of total 51 districts, will be completed by December 2012. Around 80 per cent work in the remaining 31 districts will be completed by the March 31, 2013.

UIDAI has been mandated to cover a total population of 60 crore by March 2014 across 18 states including Delhi, Haryana, Punjab, Tamil Nadu, Himachal Pradesh and Rajasthan.

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Agencies
January 15,2020

Mumbai, Jan 15: The Reserve Bank of India (RBI) on Wednesday redistributed portfolios of Deputy Governors following the appointment of Michael Debabrata Patra to the post.

An official release said that NS Vishwanathan will handle co-ordination, Department of Regulation (DOR), Department of Communication (DoC), Enforcement Department, Inspection Department (ID), Risk Monitoring Department (RMD), and Secretary's Department.

BP Kanungo will look after Department of Currency Management (DCM), Department of External Investments and Operations (DEIO), Department of Government and Bank Accounts (DGBA), Department of Information Technology (DIT), Department of Payment and Settlement Systems (DPSS), Deposit Insurance and Credit Guarantee Corporation (DICGC), Foreign Exchange Department (FED), Internal Debt Management Department (IDMD), Legal Department (LD) and Right to Information (RIA) Division.

The release said that MK Jain will handle the Department of Supervision (DOS), Consumer Education and Protection Department (CEPD), Financial Inclusion and Development Department (FIDD), Human Resource Management Department (HRMD), HR Operations Unit (HR-OU), Premises Department (PD), Central Security Cell (CSC), and Rajbhasha Department.

Patra will look after the Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department including Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics & Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

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News Network
January 27,2020

Jan 27: Bidders for Air India Ltd. will need to absorb $3.26 billion of its debt, as Prime Minister Narendra Modi’s administration tries once again to sell the national carrier.

The entire company will be sold but effective control needs to stay with Indian nationals, according to preliminary terms published Monday. Bids are invited by March 17 with Ernst & Young LLP India as transaction adviser.

Air India, which started in 1932 as a mail carrier before winning commercial popularity, saw its fortunes fade with the emergence of cutthroat low-cost competition. The state-run airline has been unprofitable for over a decade and is saddled with more than $8 billion in debt.

Indian regulations allow a foreign airline to buy as much as 49% of a local carrier, while overseas investors other than airlines can buy an entire carrier. The government didn’t find a single bidder when it tried to sell Air India in 2018.

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Agencies
February 26,2020

Kochi, Feb 26: Kerala High Court on Wednesday imposed a ban on strikes in schools and colleges that impact the functioning of the campuses.

''The functioning of campuses should not be hampered by the strikes. The colleges are for study, not for strikes. There should not be any march or gherao on campuses. Do not incite anyone for a strike," a bench of Justice PB Suresh Kumar said in its order.

"The order applies to schools and colleges. Do not harm the rights of others. The college can be a venue for peaceful discussions or thoughts. If actions are contrary to the orders of the court, the authorities can take action. They can call the police and restore peace," the order reads.

The Kerala High Court issued the order while hearing a petition filed by 20 educational institutions against campus politics.

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