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 >
US factory orders decline again in December
US factory orders decline again in December
Feb 4, 2025
WASHINGTON (Reuters) - New orders for U.S.-manufactured goods dropped in December, pulled down by a decline in bookings for civilian aircraft, but demand elsewhere was marginally firm. Factory orders tumbled 0.9% after a revised 0.8% decline in November, the Commerce Department's Census Bureau said on Tuesday. Economists polled by Reuters had forecast factory orders would fall 0.7% after a previously...
Federal Reserve Watch for Feb. 4: Fed Officials Urge Caution Amidst Uncertainty, See Upside Inflation Risks From Tariffs
Federal Reserve Watch for Feb. 4: Fed Officials Urge Caution Amidst Uncertainty, See Upside Inflation Risks From Tariffs
Feb 4, 2025
02:24 PM EST, 02/04/2025 (MT Newswires) -- San Francisco Fed President Mary Daly (nonvoter) said that the Federal Open Market Committee can take its time making policy decisions this year, noting that it does not have to be preemptive and can make good decisions based on the incoming data. Boston Fed President Susan Collins (voter) said that proposed tariffs could...
Fed terminates two 2011 enforcement actions against Wells Fargo
Fed terminates two 2011 enforcement actions against Wells Fargo
Feb 4, 2025
WASHINGTON (Reuters) - The Federal Reserve announced on Tuesday it had terminated a pair of enforcement actions imposed on Wells Fargo ( WFC ) in 2011, but said the bank's asset cap remained in place. The enforcement actions were related to deficient practices in mortgage servicing and foreclosures by the bank, and mortgage lending at a former subsidiary. The Fed...
US job openings fall sharply in December; layoffs low
US job openings fall sharply in December; layoffs low
Feb 4, 2025
WASHINGTON (Reuters) - U.S. job openings dropped sharply in December, but low layoffs suggested that the labor market was not abruptly slowing down. Job openings, a measure of labor demand, decreased 556,000 to 7.6 million on the last day of December, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved