Cabinet okays Rs 2K cr grant to boost coop sector
The scheme will be implemented over a four-year period from 2025-26 to 2028-29, with an annual budgetary allocation of Rs 500 crore. The approved grant will enable NCDC to raise Rs 20,000 crore from the open market over the next four years.
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The Hindu
13 minutes ago
- The Hindu
U-Special buses to be relaunched, says CM
Chief Minister Rekha Gupta on Tuesday said the Delhi government will relaunch the youth special or U-special bus service for students on various routes connecting the Delhi University. 'The Delhi government is once again starting the youth special bus service, which will operate on DU routes, with a little bit of music playing in the buses. This is my gift to students,' Ms. Gupta said while inaugurating a new academic block of Social Centre School, a co-ed school run by DU in Maurice Nagar, near North Campus. The U-special buses, which were once a lifeline for college students, will return with modern upgrades, including air-conditioning, LED lighting, and music systems, to ensure a more comfortable and accessible commute, she added. The bus service, operated by Delhi Transport Corporation (DTC), was suspended in March 2020 following the COVID-19 outbreak. School facelift Social Centre School, originally built in 1947, has now been transformed into a four-storey modern facility with 21 classrooms and laboratories. DU Vice-Chancellor Yogesh Singh said that the construction of the new building cost over Rs 27 crore, and was completed in a record 21 months. The CM announced that the school will now be recognised to offer education up to Class 12. To promote mentorship and community learning, Ms. Gupta proposed that DU colleges adopt government schools. 'Every college should be connected to two or three government schools. The college students should visit these schools on a weekly or fortnightly basis and motivate children,' she said.
Indian Express
13 minutes ago
- Indian Express
NITI Aayog conducting evaluation study of MGNREGS, minister tells LS
THE NITI Aayog, the government's premier think tank, is conducting an evaluation study of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), the government informed the Lok Sabha on Tuesday. In a written reply to a question, Union Minister of State of Rural Development Kamlesh Paswan informed the House that the Development, Monitoring and Evaluation Office (DMEO), NITI Aayog, has recently taken up the evaluation study of the scheme. The development is significant as it comes at a time when the Ministry of Rural Development has circulated a proposal seeking approval of the Expenditure Finance Committee (EFC) for continuation of MGNREGS and an outlay for Rs 5.23 lakh crore till financial year 2029-30, a period that coincides with the next Finance Commission (16th) cycle. The EFC is a central body that appraises government schemes and projects; it comes under the Ministry of Finance. Replying to a question by CPI(ML)L member Sudama Prasad, Paswan said, 'The Internal Audit Wing (IAW) under the Office of the Chief Controller of Accounts (CCA) has been conducting Risk-Based Internal Audits of MGNREGS implementation in states since FY 2013-14… Risk-Based Internal Audits of MGNREGS have been conducted in 225 districts of 30 states/UTs since 2013-14.' 'Further, Amarjeet Sinha Committee was constituted in 2021 to examine various factors affecting demand for wage employment in the rural sector in different parts of the country and to study/analyse the trends of expenditure across states under MGNREGS along with reasons for inter-state variations with specific focus on governance issues. The report of the Committee has since been received and some of the recommendations have been identified for appropriate action,' Paswan said, sharing details of the internal audits and review of the MGNREGS conducted in recent years. 'In addition to this, DMEO, NITI Aayog, too has recently taken up an evaluation study of MGNREGS,' he said. The NITI Aayog conducted the last evaluation study of the MGNREGS in 2019-20. At the time, the think tank had also conducted the evaluation study of five other schemes. 'The study focused on the effectiveness, efficiency, impact, and sustainability of these schemes, including the MGNREGS, to gauge their overall contribution to the national rural economy,' Paswan said. The evaluation study by NITI Aayog is crucial for getting approval of the EFC, said a source. The Ministry of Finance has told all ministries and departments that no Centrally Sponsored Scheme (CSS) or Central Sector Scheme (CS) will be considered for continuation beyond March 31, 2026, unless a third-party evaluation of the scheme is carried out. Sources say that the EFC approval and appraisal is part of the Centre's exercise to evaluate and approve its schemes for the next Finance Commission cycle. The MGNREGS is backed by law and therefore the EFC approval is just a formality. Harikishan Sharma, Senior Assistant Editor at The Indian Express' National Bureau, specializes in reporting on governance, policy, and data. He covers the Prime Minister's Office and pivotal central ministries, such as the Ministry of Agriculture & Farmers' Welfare, Ministry of Cooperation, Ministry of Consumer Affairs, Food and Public Distribution, Ministry of Rural Development, and Ministry of Jal Shakti. His work primarily revolves around reporting and policy analysis. In addition to this, he authors a weekly column titled "STATE-ISTICALLY SPEAKING," which is prominently featured on The Indian Express website. In this column, he immerses readers in narratives deeply rooted in socio-economic, political, and electoral data, providing insightful perspectives on these critical aspects of governance and society. ... Read More
Time of India
34 minutes ago
- Time of India
PSUs shouldn't behave like Shylock to become money-minded: SC
NEW DELHI: Supreme Court has said that public sector units should not be guided only by commercial interests for making money like a private company but their conduct must be like a model citizen and came down on Gujarat Urja Vikas Nigam Limited (GUVNL) for behaving like "Shylock" and getting into unnecessary litigation on tariff against wind power producers in Gujarat from which it purchases power. A bench of Justices Sanjay Kumar and Satish Chandra Sharma rejected the plea of GUVNL which contended that tariff rate of Rs 3.56 per kWh as mentioned in power purchase agreements (PPAs) was binding on the four power generating companies. The court said govt has been promoting renewable energy to reduce carbon footprint and to make the country energy self-sufficient and less dependent on fossil fuels and GUVNL should be mindful of the policy. The PSU took the stand that these wind energy projects had willingly entered into PPAs with it, binding themselves to the tariff rate of Rs 3.56 per kWh, and were, therefore, not at liberty to seek determination of tariff on a case-to-case basis thereafter, a plea which was rejected by the SC. "GUVNL cannot be guided only by its own commercial interests, like a private business entity and it's conduct, as a state-instrumentality, must be of the standard of a model citizen. However, patently unfair treatment was sought to be meted out by GUVNL to the respondent companies by binding them to a rate that was wholly inapplicable to them. Such conduct, akin to a Shylock, does not reflect positively upon GUVNL," the bench said.
