financetom
Economy
financetom
/
Economy
/
Farmers receive first installment of PM Kisan Scheme: Here's what experts have to say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Farmers receive first installment of PM Kisan Scheme: Here's what experts have to say
Mar 9, 2019 7:15 AM

A controversy has erupted after FM Arun Jaitley tweeted that Karnataka has sent only 60,000 names to the centre so far, for the PM Kisan scheme. Karnataka government has disputed that statement and has said that it has already updated 3 lakh names on the national portal. CNBC-TV18 spoke to Siraj Hussain, former agri secretary to discuss the PM Kisan scheme.

Hussain said, "I think coverage of 2.3 crore farmers in such a short period of time is a great achievement for the government and it will surely be used during the election campaign, especially in major states of UP, Maharashtra, Madhya Pradesh etc. Also I find that my ex-colleagues in the UP cadre of IAS have done a very good job because in a very short period of time they have been able to collate the records of land holding with the bank accounts and other details of various beneficiaries, even the Aadhaar number has been linked even though government of India did not make it mandatory. So, all this work has been done by the revenue department of UP government in collaboration with agriculture department in a very short period of time. Some 75 lakh farmers in UP have received the money according to a report in Business Line, you have said 80 lakh farmers. So, well done UP and I only hope that other states will also do it fast enough."

He further added, "It is very clear that several states do not want to share this data with the central government because they may be thinking that the credit for this will then go to the central government and they are right in assuming that. I wrote an article in Mint last week in which I said very clearly that in this scheme there is no share of the state government. This very government in 2015-16 had changed the funding pattern of a large number of schemes when the allocation on the recommendation of the 14th Finance Commission was increased from 32 percent to 42 percent. In PM Kisan for political reasons, if I may say so, it was decided that the states will not have any share. So, it is very clear that the states see that if the money is actually transferred then all the credit will be taken by the central government. So, that is perhaps explaining the reluctance of several states in sharing the data with the central government. I am sure they have the data but they do not want to share it."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Weekly Jobless Claims Increase; November Job Cuts Rise Sequentially
Weekly Jobless Claims Increase; November Job Cuts Rise Sequentially
Dec 5, 2024
12:15 PM EST, 12/05/2024 (MT Newswires) -- Weekly applications for unemployment insurance in the US rose, while continuing claims declined, the Department of Labor said Thursday. The seasonally adjusted number of initial claims increased by 9,000 to 224,000 in the week ended Nov. 30, according to the Department of Labor. The consensus was for a 215,000 level in a survey...
US weekly jobless claims rise moderately
US weekly jobless claims rise moderately
Dec 5, 2024
WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits increased moderately last week, suggesting that the labor market continued to steadily cool. Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 224,000 for the week ended Nov. 30, the Labor Department said on Thursday. Economists polled by Reuters had forecast 215,000 claims for...
US trade deficit shrinks on decline in imports
US trade deficit shrinks on decline in imports
Dec 5, 2024
WASHINGTON (Reuters) - The U.S. trade deficit contracted sharply in October as imports declined by the most since late 2022, potentially positioning trade to contribute to economic growth in the fourth quarter. The trade gap narrowed 11.9% to $73.8 billion from a revised $83.8 billion in September, the Commerce Department's Bureau of Economic Analysis said on Thursday. Economists polled by...
US Dollar Falls Early Thursday Ahead of Weekly Jobless Claims, Trade, Natural Gas Data
US Dollar Falls Early Thursday Ahead of Weekly Jobless Claims, Trade, Natural Gas Data
Dec 5, 2024
07:52 AM EST, 12/05/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Thursday ahead of the release of weekly initial jobless claims and international trade data for October, both at 8:30am ET. Weekly natural gas stocks are due to be released at 10:30 am ET and the Atlanta Federal Reserve is expected to update its...
Copyright 2023-2026 - www.financetom.com All Rights Reserved