Page 2 - Dbt

Covid-19 lockdown: Rs 36,659 cr transferred to 160 mn beneficiaries via DBT

Of the Rs 36,659 crore, Rs 27,442 crore has been transferred under CSS and CS and Rs 9,717 by various state governments for its welfare schemes

Fertiliser shares in focus; National Fertilizers, RCF up 5%

RCF, Nagarjuna Fertilizers, National Fertilisers, FACT and Madras Fertilisers were up in the range of 5% to 8% on the BSE.

Govt unlikely to implement DBT in kerosene

Savings on account of the DBT to be made by sending subsidy into bank accounts will not be commensurate with the cost involved, a senior finance ministry official said

Dry runs for DBT in fertiliser to start from December

Dry run is first step for launch of the pilot for DBT; December deadline implies much of Rabi sowing season would have passed

Centre assesses DBT implementation by ministries

Currently, 74 Schemes across 17 Ministries are being reported on DBT and 71 Ministries have set up internal DBT cells

Odisha to have DBT cell to fast-track direct transfer

The Odisha government is planning for a DBT cell to improve direct benefit transfer to the beneficiaries in the state."The government wants to encourage direct transfer of benefits to all beneficiaries under various government sponsored schemes. This has not been possible due to poor bank branch network in interior areas. Poor Aadhar seeding of bank accounts is also a worrying factor. I am happy to note that the state government is going to set up a DBT Cell to improve direct benefit transfer" , said Pradip Amat, state finance minister at the 144th SLBC (State Level Bankers' Committee) meeting today.The Aadhar enrolment in the state so far is 91 per cent of the eligible people, but the Aadhar seeding has been done only for 35 per cent of the bank account holders.Banks may conduct Aadhar seeding in camp mode in coordination with concerned government departments, Amat added.About 9.7 million new bank accounts have been opened in the state under the Jan Dhan Yojana. Around 25 per ..

Govt fixes year-end target of 100% Aadhaar-linked DBT

Decides to bring all subsidies and welfare schemes under DBT net by March 31, 2017

DBT portal to launch on August 1

Banks demanding higher commissions could lead to an increase in insurers' costs, ICICI Prudential Life Insurance said in its draft red herring prospectus (DRHP).Since April 1, banks have been allowed to tie up with three life, three non-life and three standalone health insurance companies. This was on account of changes in corporate agency norms. Earlier, banks were allowed to join hands with only one life, one non-life, and one standalone health insurer.ICICI PruLife says banks that have entered into bancassurance agreements with it, such as ICICI Bank and Standard Chartered Bank, are the main distribution channels for their insurance products. The retail annualised premium equivalent (APE) from bancassurance partners represented 54.6 per cent, 59.4 per cent, and 58.6 per cent of their retail APE in FY14, FY15 and FY16, respectively. APE is the sum of annualised first-year premiums on regular premium policies, and 10 per cent of single premiums, written by the company during any perio

Rahul Khullar: Direct benefit transfers: A diversionary tactic?

DBT can and will stop leakages provided eligibility is clearly spelt out. However, in the hands of politicians, it has become a means of evading critical public policy choices and postponing actual reforms

Centre asks states to implement DBT for food subsidy

The Centre is supplying foodgrains at a highly subsidised rate of Rs 1-3/kg to 72.46 crore beneficiaries in 33 states and union territories

Direct Benefit Transfer results in significant savings across welfare schemes

An amount of over Rs 61,000 crore was distributed to over 30 crore beneficiaries using DBT