Citizens' Issues
PMO asks ministries to take up direct cash transfer scheme on war footing

PMO has asked ministries to organise camps to fast pace enrolment under Aadhaar and also have to ensure the beneficiaries have bank accounts linked with Aadhaar numbers

New Delhi: Prime Minister's Office (PMO) has asked ministries to take up implementation of direct cash transfer scheme on a "war footing" before the launch of the programme on 1st January, reports PTI.
It has also asked them to organise camps to fast pace enrolment under Aadhaar for the purpose.
Primary activity of all the Ministries implementing schemes in the coming weeks will be to complete enrolment of Aadhaar for all beneficiaries.
They also have to ensure the beneficiaries have bank accounts in which Aadhaar numbers will also be mentioned, besides compilation of beneficiary databases.
"This has to be addressed on a war footing. The best approach may be a Camp approach," the PMO said in a statement.
Centre plans to provide direct cash transfers of benefits in 34 schemes in the selected 51 districts.
Also, Planning Commission has been asked to finalise dates for a one-day meeting of the Collectors of the concerned districts (excluding Gujarat and Himachal Pradesh) between 10-15th December.
"Collectors will need to be given clear instructions on how to do this when they come for the meeting next week. Planning Commission will coordinate the necessary preparations for this," the PMO said.
Following the directions of the National Committee on Direct Cash Transfers chaired by the Prime Minister last month, the Executive Committee held a meeting for follow-up action on DCT.
The Committee, chaired by the Principal Secretary in the PMO, discussed in detail the core objective of how direct cash transfers of benefits in the selected 43 districts (excluding, till the end of the election process, 8 districts in Himachal Pradesh and Gujarat), will be implemented as per the timelines.
The PMO further said banks would also be authorised to be Registrars for Aadhaar numbers and will be enabled to enrol beneficiaries for Aadhaar at the locations where camps are to be held and otherwise as well.
The PMO further said that all implementing ministries will launch publicity, information and instruction campaigns in the 43 districts immediately and in the 8 districts of Himachal Pradesh and Gujarat after 20th December.
Planning Commission will organise a video conference with Chief Secretaries/Finance Secretaries of the participating States to assess preparedness for commencing the rollout of the scheme.
Also, all members of the Executive Committee will be informed and would be encouraged to participate personally in the video conference, the PMO added.
It futher said standardised formats for the basic data to be collected for entry of Aadhaar numbers and Bank account details will be finalised by Department of Financial Services (DoFS).
This will be done in consultation with UIDAI, banks and implementing Ministries and sent to Planning Commission for circulation to all concerned.
The format will contain the minimum essential data that will be needed for effecting Aadhaar-enabled direct cash transfers, it added.
"Department of Expenditure will work out, in consultation with DoFS, UIDAI, Planning Commission and other implementing Ministries, the process for fund flows and any changes that need to be made to current instructions on Utilisation Certificates, etc. so that all these meet government accounting and reporting requirements," PMO said.
The PMO further said that for centrally sponsored schemes, ministries will continue to transfer funds through states as at present.
"For Central Sector schemes, the direct cash transfers will be directly to beneficiary from GoI Ministries," it said.
For schemes where the beneficiary is a minor, PMO said there would be a joint bank account, preferably with the mother. Under it, the Aadhaar of the child would be used for beneficiary identification purposes and mother's Aadhaar would be needed for operating the bank account.




5 years ago

This bull-dozer approach to schemes affecting mostly poor people with low literacy levels is unwelcome. Since independence, several schemes have been implemented for the benefit of less privileged class. In this case alone there is an undue haste bordering craziness. None of the linkages necessary for implementing ‘cash-transfer’ smoothly is in place. Issue of AADHAR cards, opening of bank accounts, identifying beneficiaries assessing the funds needed in respective areas are all going to be done, it seems, in ‘MELAs’. Feeling a little embarrassed to ask even God to save India!

SEBI seeks 'well-defined' norms for money collecting schemes

SEBI has written to the Government seeking a well-defined framework for regulating money raising schemes like multi-level marketing schemes, timeshare schemes, emu farming, gold purchase schemes, goat farming and deposit collection for real estate development

New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has approached the union government seeking a "well-defined" framework for regulating various money raising schemes such as multilevel marketing (MLM) and goat farming, reports PTI.


"SEBI has written to the Government seeking a well- defined framework for regulating money raising schemes like multi-level marketing schemes, timeshare schemes, emu farming, gold purchase schemes, goat farming and deposit collection for real estate development," Minister of State for Finance Namo Narain Meena told the Rajya Sabha in a written reply.


The Minister said the proposal sent by SEBI "requires extensive consultations with different Departments/Ministries in the Government of India and no time-frame can be estimated for concluding the decisions that may emerge from this process".


Recently, a company promising returns on investments made for rearing goats had come under the scanner of SEBI. Claiming to have large goat-rearing farms in northern parts of the country, Beetal Livestock & Farm (P) Ltd had solicited investments from the public with a promise of 2% monthly returns, and doubling of money in 3-4 years.


Meanwhile, Corporate Affairs Minister Sachin Pilot informed the Lok Sabha that plan to publish the names of multi-level marketing (MLM) companies that have come to adverse notice of the Ministry, is under consideration.


"Decision to publish names of multi-level marketing companies which come to adverse notice of this Ministry is under consideration of this Ministry," Pilot said in a written reply.


Public can view the names of the companies registered under the Companies Act, 1956, and documents filed by any company on MCA-21 portal by paying a nominal fee of Rs50, the Minister noted.



Vaibhav Dhoka

5 years ago

There no dearth IDEAS these cheats have,if government regulates one scheme they are ready with alternate for same.

UGC inspects 53 private varsities, finds just five in order

During past four years, 98 private universities have been established in the country taking the total number of private universities to 145 in India

New Delhi: The University Grants Commission has inspected over a third of the 145 private universities in the country and found only five of them in order, the Rajya Sabha was informed on Friday, reports PTI.


"UGC has completed inspection of 53 private universities. It found five in order...," Human Resource Development Minister MM Pallam Raju said during Question Hour.


He, however, did not specify whether irregularities or shortcomings were found in the others.


Raju said 98 private universities have been established in the last four years.


Explaining the procedure, he said UGC gives time to universities to rectify any deficiency. If norms or guidelines are not followed, "UGC can order closure of courses but it has no power to close the universities."


Private universities can be established either by the Central government by an Act of Parliament or by state governments by an Act of state legislature.


"All private universities existing in the country have been set up by the Acts of State Legislature and the norms and parameters to establish private universities are decided by state governments concerned," he said.


Though UGC sets norms for standards of teaching and examinations, neither "UGC nor the HRD Ministry has any power to approve or disapprove a private university duly set up by a state through a state Act," he said.


The government, he said, can deal with malpractices and take action against universities and institutions after passage of the Prohibition of Unfair Practices Bill and the Regulatory Authority Bill.


"These Bills will strengthen cause of quality education," he said, adding UGC will expedite investigation of malpractices.



Dipak Chatterjee

5 years ago

business and spoil the students carrier, looting the public money
prof. dipak chatterjee

Anil Agashe

5 years ago

Which are those 5 universities?

We are listening!

Solve the equation and enter in the Captcha field.

To continue

Sign Up or Sign In


To continue

Sign Up or Sign In



The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)