Labour ministry should delve into constraints impeding optimal fund utilisation: Parliamentary panel indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
NEW DELHI: A parliamentary panel has asked the labour ministry to look into the reasons for not being able to ensure optimal utilisation of funds made available during the coronavirus-induced pandemic. The report of the Parliamentary Standing Committee on Labour on the Demands for Grants for 2021-22 was tabled in Lok Sabha on Tuesday.
The panel said though the ministry’s expenditure for the current fiscal was bumped up on account of the newly-launched Pradhan Mantri Gareeb Kalyan Yojana (PMGKY), the government could only spend about 52.8% of the funds till February 15.
The report also said two new schemes, the PMGKY and Aatmanirbhar Bharat Rojgar Yojana (ABRY) were launched with the intention to cater to the needs of people during the pandemic and emphasised that the ministry must make “accurate budgetary estimates” before seeking supplementary allocations.
Labour ministry should delve into constraints impeding optimal fund utilisation: Parliament panel | India News indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
WhatsApp is on its way to rolling out micro-pension products for the Indian masses In spite of a robust fintech ecosystem, no startup has attempted to cater to an underserved Indian market
WhatsApp could be facing tough challenges as the low-income population lacks financial awareness and the habit of saving
When messaging giant WhatsApp announced its foray into micro-pension products in December 2020, it turned out to be a first-of-its-kind initiative in the Indian fintech space. This is surprising, given the massive depth and reach of the sector. India has 2,000+ fintech startups, and they collectively raised more than $2.1 Bn in 2020, the year of the pandemic, which resulted in an unprecedented slowdown. Moreover, the requirement is already here. From a young demographic in its late 20s in 2019, the Indian population will comprise 20% senior citizens by 2050. Add to that poor financial literacy and a not-so-inclusive annuity market, and the reality looks grim enough. So, what
NEW DELHI: The Centre on Tuesday informed Rajya Sabha that 9,29,097 Accredited Social Health Activists have been deployed across the country for containing the local transmission of Covid-19.
Under the National Health Mission, ASHAs are envisaged to be community health volunteers and are entitled only to task and activity based incentives, minister of state for health Ashwini Choubey said in a written reply.
In the 2018-19 fiscal, the Union Cabinet revised the amount of incentive for ASHAs from Rs 1,000 to 2,000 per month, he said while elaborating on the measures taken by the government to empower them.
In addition to routine and recurring incentives, many states and union territories also introduced fixed monthly honorarium for ASHAs from their respective budgets, the minister said.