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INDIA SAVINGS DBT
India’s fertiliser subsidy model is broken; direct income support is the only way forward: Ashok GulatiIndia’s fertiliser subsidy regime is facing scrutiny; rising global fertiliser and energy prices and rising fiscal pressures expose its ine...- India shaping global thinking on digital finance: PK MishraIndia is leading global digital finance discussions. Its digital public infrastructure is being studied worldwide. The Unified Payments Int...
- Govt to replace MGNREGA with new rural jobs scheme G RAM G, guarantees 125 days of work at near Rs 96,000 crore budget allocationIndia is launching a new rural employment program, VB-G RAM G, replacing MGNREGA from July 1, 2026. This initiative guarantees 125 days of ...
- Centre saves ₹55,000 crore as FY26 spending undershoots estimatesGovernment spending in the last fiscal year was less than planned. This saving of about ₹55,000 crore will help manage tax collection short...
- Digital payment revolution unfolding in India attracts global attention: GovtIndia's digital payment revolution, particularly the Unified Payment Interface (UPI), has garnered global recognition, processing ₹24.77 la...
- DBT helped India save Rs 3.5 lakh crore, which otherwise would have leaked: ReportIndia's Direct Benefit Transfer (DBT) system has yielded substantial savings of Rs 3.48 lakh crore by curbing welfare delivery leakages, ac...
- DBT through Public Financial Management System supports Digital India: Finance MinistryAs part of its FinMin Year Review 2024 initiative, the Finance Ministry in a social media post on X, stated that DBT through Public Financi...
- Over $459 billion transferred through DBT in last 8 years: Nirmala SitharamanFinance Minister Nirmala Sitharaman stated that over USD 450 billion has been transferred through Direct Benefit Transfers (DBT) in the las...
- Centre saved $27 bn in schemes using DBT method, says Economic Affairs SecyIndia saved over USD 27 billion in key central government schemes through direct benefit transfer as it is swift and eliminates corruption,...
- Govt saves $1.54 bn in first year of fertiliser DBT implementation: MSC studyThe fertiliser DBT has boosted transparency by real-time tracking of the movement, requirement, and availability of stocks.
- Aadhaar savings can fund 3 schemes of the size of Ayushman Bharat: Arun JaitleyAs per FM Jaitley, the savings through Aadhaar can fund three schemes of the size of Ayushman Bharat.
- DBT helps states save Rs 1,557 crore till November 2017Under DBT, the subsidies are directly transferred to beneficiaries through their bank accounts.
- Direct Benefit Transfer leads to Rs 50,000-crore savings for government in 3 yearsThough DBT started in 2013 under UPA on pilot basis, it took off in a major way only under Modi govt after the LPG subsidy scheme was comme...
- We were skeptical of Aadhaar during 2014 election campaign: Ravi Shankar PrasadPrasad’s remarks came while he was advising state coordinators of the direct benefit transfer project to impress political bosses about its...
- Ravi Shankar Prasad alludes to Rajiv Gandhi while listing benefits of DBTDBT scheme, with the help of Aadhaar, has led to savings of about Rs 36,500 crore of both state as well as central funds in 2 years, he sai...
- After Rs 28,000-crore savings, PM Narendra Modi asks for proper trials of DBT extensionsPM Narendra Modi has now asked for the pilot trials of DBT extension to food and fertiliser subsidy to be monitored closely.
- Bank agents in rural areas need to be paid better DBT commission: MicroSaveAgents of banks should be given higher compensation in rural India to make their business model viable and achieve the goals of financial i...
- Bank agents to receive higher commissions for DBT transactions: MicroSaveGovernment has to shell out Rs 1150 crore with 1 per cent DBT commissions and Rs 3611 crore for 3 per cent DBT commission.
- Centre to extend Direct Benefit Transfer scheme to MGNREGAJaitley has approved the proposal to extend wages under the flagship rural jobs programme through the DBT platform and a final notification...
- Finance Ministry tells bankers to seek Aadhaar numbers for DBT for Direct Benefit TransferFinance Ministry asked the banks to approach the customers for submission of Aadhaar number to ensure seamless transfer of cash benefit.
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