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Direct cash transfer cancels 3.3 cr f...

Chalanachithram.com DB » New TF Industry Related » Archive through February 10, 2017 » Direct cash transfer cancels 3.3 cr fake LPG connections « Previous Next »
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Monk
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Posted on Thursday, February 09, 2017 - 09:57 am:       


Tracking vunna chota week tracking leni chota stronge……….
 

Amaravathi_road
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Posted on Thursday, February 09, 2017 - 09:37 am:       

superb . when you remove unnecessary spending , you will be automatically rich.
squinted eye is lot better than blind
 

Rajusk
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Posted on Thursday, February 09, 2017 - 09:30 am:       


Teluguhero:

It has also resulted in estimated saving of over Rs 21,000 crore or $3.2 billion in two years to the government,� he said.

The minister informed that an intensive exercise was also carried out for identifying duplicate, fake, ghost and inactive domestic LPG connections.


 

Teluguhero
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Posted on Thursday, February 09, 2017 - 09:22 am:       

http://www.indiainfoline.com/article/news-top-story/amul-ups urge-in-cashless-transactions-to-milk-producers-farmers-afte r-demonetisation-117020700477_1.html

Upsurge in cashless transactions to milk producers/ farmers after demonetisation

India Infoline News Service | Mumbai | February 07, 2017 14:03 IST
In order to tackle the problems caused by demonetisation, GCMMF/Amul had been specifically directed to ensure 100% milk producers accounts to be opened by the end of 2016. Similarly, other co-operatives had also been directed for opening of 100% accounts of milk producers/farmers by January 30, 2017.

In order to tackle the problems caused by demonetisation, GCMMF/Amul had been specifically directed to ensure 100% milk producers accounts to be opened by the end of 2016.

Similarly, other co-operatives had also been directed for opening of 100% accounts of milk producers/farmers by January 30, 2017.

Percentage of milk producers/farmers with bank accounts surged from 49.27% to 63.42% after demonetisation, due to which cashless transactions to milk producers/farmers hiked from 23.82% to 72.25% after demonetisation.

There are a whopping 1.70 lakh Dairy Co-operative Societies (DCS) at village level having 1.6 crore milk producers affiliated with 218 milk unions.



About 850 lakh litres per day milk is procured totally, out of which co-operative sector procures about 425 lakh litres per day and about 425 lakh litres per day is procured by the private sector.

The Central government periodically reviews and monitors the system related to the easing of payment to milk producers.
 

Teluguhero
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Posted on Thursday, February 09, 2017 - 09:20 am:       

http://www.asianage.com/business/in-other-news/080217/direct -cash-transfer-cancels-33-crore-fake-lpg-connections.html

Direct cash transfer cancels 3.3 crore fake LPG connections

The minister said that the scheme is benefiting over 176 million consumers.

New Delhi: Oil minister Dharmendra Pradhan said on Tuesday that around 3.3 crores fake LPG connections have been blocked after Direct Benefit Transfer leading to saving of Rs 21,000 crore in subsidies.

“When we assumed office (in 2014), we had a system of misdirected subsidies, rich and upper middle class were entitled to LPG subsidies. There were many duplicate connections and the subsidised LPG was diverted to commercial and industrial segments,” said the minister.

He alleged that as a result poorest of the poor never had access to LPG. In 2014, almost half of Indian households didn’t have LPG connections.

Mr Pradhan said the Direct Benefit Transfer of LPG was launched in 2014 wherein subsidy was directly paid into the bank accounts of the beneficiaries. “This made the process transparent and plugged the subsidy leakages which was otherwise being misused through ghost accounts,” he said.

The minister said that the scheme is benefiting over 176 million consumers and over Rs 40,000 crore or $6.5 billion of subsidy has been transferred directly to the beneficiaries bank accounts in the last two years.

“It has also resulted in estimated saving of over Rs 21,000 crore or $3.2 billion in two years to the government,” he said.

The minister informed that an intensive exercise was also carried out for identifying duplicate, fake, ghost and inactive domestic LPG connections.

As on April 1, 2015, 33.4 million connections were identified and blocked, saving Rs 21,000 crore subsidy in 2014-15 and 2015-16.

Also, it has led to sale of commercial LPG, which is based on market price, rising by 39.5 per cent during 2015-16 in contrast to pre-DBT when these sales were not growing at all, he said, adding this was clear evidence that the subsidised residential supply was earlier diverted to commercial. The minister said 12 million have voluntarily given up subsidies to provide underprivileged access to LPG.

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