Wheat and rice are being sold through PDS (public distribution system) shops, also known as fair price or ration shops, at a highly-subsidised rate of Rs 2 and Rs 3 per kg, respectively, as per the Food Security Law.
The Centre is examining whether or not mandatory usage of Aadhaar violates a 2015 Supreme Court order.
The government is â€œactivelyâ€ discussing possible amendments to the Income Tax Act to make Aadhaar linkage compulsory for I-T filings beginning FY18, Business Standard reported on Friday.
On the eve of New Year, all eyes in the country will be glued to Prime Minister Narendra Modi's televised address to the nation at 7.30 pm.
As many as 78 schemes including Jhan Dhan and MGNREGA being implemented by 17 ministries and departments are covered under Direct Benefit Transfer (DBT) system, the Parliament was informed today.
To reduce malnutrition and boost food security, the government should include soya products in the list of items being given under various social welfare programmes, suggest industry experts.
The government has procured 1.11 lakh tonnes of pulses so far from farmers for creating buffer stock and also contracted to import 38,500 tonnes as part of its effort to control the retail prices
In the state of Telangana, out of 450 mandals, 231 have been declared drought-hit. However, on ground, the picture may be worse according to various farmers associations.
"I think it was a landmark thing that has happened and I do see, now going forward, lot of use of the Aadhaar instrumentality in the disbursement of the benefits," Panagariya told reporters on the sidelines of the Advancing Asia Conference jointly organised by India and IMF here.
Asked about the cost of such e-PoS, the Minister said it costs around Rs 20,000 and there are different provisions to install them as states can also do so by buying such devices.
Till now, 25 states and UTs have rolled out the law while 11 are in the process of doing so, Food Minister Ram Vilas Paswan said. The law was passed by Parliament in 2013 and state governments were given one year to implement it.
Moderating the concluding session of the Delhi Economics Conclave, Finance Minister Arun Jatiley said, "I think" now across the political spectrum, state governments and political groups the need and utility for Aadhaar has been universally recognised.
However, the court has reiterated that people without Aadhar can not be placed in a disadvantageous position.
RBI has asked the apex court to allow Aadhar card to be used as identification for availing financial services and subsidies from banks and financial institutions.
The Employees' Provident Fund Organisation (EPFO) is cautious after the apex court ruled earlier this month that "the production of an Aadhaar card will not be a condition for obtaining any benefits otherwise due to a citizen".
Kerosene through public distribution system (PDS) is sold at Rs 14.96 per litre against the actual cost of Rs 29.91.
The Finance Ministry will pay state-owned fuel retailers Rs 1,300 crore cash subsidy for kerosene for the first quarter ended June 30, but the same on LPG will be decided later.
Government has decided to cap the subsidy payout on kerosene at Rs 12 per litre but rates will not increase as upstream firms like ONGC will be asked to pay Rs 5,000-6,000 crore to maintain retail prices at the current level.
The plan proposes to equip each and every fair price shop across the country with a biometric facility by the year-end.
These are lower than Rs 27.60 a litre loss oil firms were incurring on sale through PDS in November, and Rs 393.50 per LPG cylinder.
The Modi government has asked states to try such a scheme and Food Minister Ram Vilas Paswan will be discussing the issue with them. It has also given enough signals that the much-touted welfare food security programme of the UPA government will not be shelved.
The RBI, on Friday, came out with results of the bond auction to raise Rs 15,000 crore by selling soverign four securities. However, there was a devolvement on primary dealers to the tune of 1,330 crore on two papers. This was, however, lower than market expectation.
Spooked by the flight of overseas investments in Indian securities, the government started doling out bounties on primary bond dealers (PDs) whose commissions have zoomed manifold. This is aimed at building confidence while protecting them from any possible loss if yields rise after the bond auctions, sources told moneycontrol.com.
CRISIL Research has come out with its report on food security bill. The research firm believes that the proper implementation of the food security bill (FSB) will lower spending on foodgrains by below poverty line (BPL) households, and free up resources for spending on other goods and services, in particular health, education, and nutritious food.