The global cost of disasters is growing: The economic burden of disasters is intensifying. While the direct costs of disasters averaged $70–80 billion a year between 1970 and 2000, between 2001 and 2020 these annual costs grew significantly to $180–200 billion. But the real cost is far higher. Disaster costs …
Adding fuel to fire, people haven’t received subsidy Mahipal Singh Yadav (31) is a contractual junior manager at the Kotkasim Gram Sewa Sahakari Samiti. Joining the cooperative, he had hoped, would be like any other job. However, since the direct cash transfer of kerosene subsidies scheme was piloted here, Mr. …
India economy is expected to grow by about 5.5 per cent this year, according to initial estimates by the World Bank. It means the multilateral agency expects the economy to grow by more than 5.5 per cent in the October-December quarter. The Bank might also peg India’s GDP to grow …
The pilot project at Kotkasim, Rajasthan has revealed loopholes, they say Sampat Rai is a resident of the Kotkasim block of Rajasthan’s Alwar district, where the Cash for Kerosene Scheme (CFKS), an experiment with cash payment of kerosene subsidies, was launched last year on a pilot basis. Mr. Rai is …
The government today informed Parliament that the process to implement direct transfer of cash subsidy on kerosene sold through public distribution system (PDS) has been initiated in 11 identified states and Union territories. In written reply to a question in the Rajya Sabha, Minister of State for Finance Namo Narain …
The government is likely to shoot down the department of financial services’ (DFS) plan to appoint common banking correspondent companies for transferring cash to poor people, and replace it with a countrywide network of ‘micro ATMs’, as it seeks to finalise the last-mile payment architecture for cash transfers. In a …
The massive scale and complexity of major subsidy schemes are likely to delay the ambitious plan of limiting state subsidy on food, fertiliser and petroleum products only to the poor by directly transferring cash to their bank accounts using a unique identity number (Aadhaar). While other cash payments like pension, …
Despite ensuring ample availability of food, existence of food insecurity at the micro-level in the country has remained a formidable challenge for India. The recently introduced National Food Security Bill (NFSB) aims to address this and marks a paradigm shift in addressing the problem of food security—from the current welfare …
Just as the government embarks on a massive plan to deliver social benefits through direct cash transfers, a study by the Asian Development Bank has endorsed the devlivery mechanism saying it helps reduce poverty. In contrast the food and fuel subsidies, as provided by India, are prone to leakages, the …
New Delhi: The Congress scrambled on Tuesday to put the stamp of its “hand” on ‘direct cash transfers’, calling it an election promise fulfilled and lining up Rahul Gandhi to lead the celebrations in the build-up to the launch of what it sees as a “gamechanging” scheme. Finance minister P …
