(FE) As many as 47.8 crore Jan Dhan accounts have been opened so far, a scheme which was launched in 2014 as a national mission for financial inclusion. Finance Minister Nirmala Sitharaman on Wednesday said the National Rural Livelihood Mission has achieved remarkable success by mobilising rural women into 1 lakh SHGs (self help groups). She said that 47.8 crore JanDhan accounts have been opened. The Jan Dhan Yojana was announced by Prime Minister Narendra Modi in his Independence Day address in 2014, and it was launched on August 28 in the same year. Pradhan Mantri Jan Dhan Yojana (PMJDY) is the national…
Author: Aruna Sharma
(FE) Union Minister of Finance Nirmala Sitharaman while presenting Budget 2023 has proposed to increase the allocation made towards the Pradhan Mantri Awas Yojana by 66% to Rs 79,000 in the Union Budget 2023-24. Pradhan Mantri Awas Yojana – Urban (PMAY-U) was extended on August 17, 2022 up to December 2024 with all the verticals except Credit Link Subsidy (CLSS). CLSS for EWS and LIG were till March 31, 2022. During the extended period, no new houses were to be sanctioned. The additional outlay could be for completing the existing projects. “The outlay for the PMAY scheme has been increased from…
(FE) Finance Minister Nirmala Sitharaman announced a push in the green energy sector in the Budget 2023. The announcement comes as India seeks to drive decarbonization and growth in sustainable energy. FM Sitharaman stated that the country would focus on green growth efforts to reduce carbon intensity and create green jobs. Green and renewable energy companies’ stocks soared on the back of this news. Inox Green Energy jumped 6.9%, Inox Wind saw a gain of 5.8%. CNG heavyweight Gujarat Gas soared 5.7% and Borosil Renweables shot up by 8.79%. Investors and industry professionals closely watch the government’s attention to the…
(FE) Finance Minister Nirmala Sitharaman is presenting the Union Budget 2023 in Parliament today. Needless to say, expectations and anticipation of stakeholders and the common man ride high. This is Sitharaman’s fifth consecutive budget, this time for the fiscal year beginning on April 1, 2023. We have formulated the National Education Policy. Now, Pradhan Mantri Kaushal Vikas Yojana 4.0 will be launched within the next three years. This scheme will cover courses like AI, robotics, AI, 3d printing, drones, and other soft skills. The launch is keeping in mind the need to skill the youth for international opportunities. 30 international…
(HT) Agriculture Credit Target to be increased to ₹20 lakh crores, with focus on animal husbandry, dairy, and fisheries, the minister said, adding that a new sub-scheme of PM Matsya Sampada Yojana will also be launched with a targeted investment of Rs. 6000 crores.
(HT) FM Nirmala Sitharaman also pointed out the Centre’s achievements through the “efficient implementation of many schemes” that resulted in inclusive development. The Indian economy has become more formalised as witnessed by a significant enhancement in digital payments, Union finance minister Nirmala Sitharaman on Wednesday said during her budgetary speech in the Parliament. She commended the enhancement in brought in digital payments over the years and noted that around 7,400 crore digital payments worth ₹126 lakh crore were made through UPI in 2022. As per the Reserve Bank of India data, digital payments across the country registered a growth of 24.13% in…
(PTI) Finance Minister Nirmala Sitharaman on Wednesday said the Budget for 2023-24 hopes to build on the foundation of the previous budget and blue print for India@100. This is the first Budget in Amrit Kaal, she said. This is the last full Budget of the second term of the BJP-led NDA government ahead of the general elections in 2024.
(HT) As finance minister Nirmala Sitharaman started her Budget 2023 speech on Wednesday in Parliament, she outlined the seven priorities of Budget 2023 and called them the ‘Saptrishi’. Nirmala Sitharaman said Budget 2023 is aimed at the economic empowerment of women and job generation for the youth. Under PM Vishwakarma Kaushal Samman, traditional artisans, for the first time, will get a package of assistance which will focus on bettering the quality, scale and reach of their products. The package will include financial support, skill training, digital, green techniques, brand promotion, digital payment, social security etc., the finance minister said. Budget…
(PTI) The oil ministry has accepted the key recommendations of the Kirit Parikh committee on domestic natural gas pricing and begun consultations with other ministries before it sends a proposal to the Cabinet. The oil ministry’s proposal, based on the panel’s recommendations, includes pricing domestic natural gas at 10% of the crude oil price, with a floor of $4 and ceiling of $6.5 per mmBtu, according to people familiar with the matter. At present, domestic gas, which follows the so-called administered price mechanism (APM), is priced in line with the average rates at international gas hubs. The oil ministry is…
(PTI) If the young leaders of the world work together with commitment towards democracy, it will pave the way for the welfare of humanity not only in India, but across the world, Uttar Pradesh Chief Minister Yogi Adityanath said here on Sunday. Addressing a a meeting of the participants of the Gen Next Democracy Network programme here at his official residence Adityanath said that all the countries of the world are working together with the spirit of India’s ancient motto ‘Vasudhaiva Kutumbakam’ (the world is a family), having adopted democracy in some form or the other, calling it a matter of…