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DBT scheme for LPG subsidy biggest in the world: President

About 75 percent of the 15 crore LPG consumers in the country are getting cash subsidy directly in their bank accounts to help them buy cooking fuel at market price, making it the world's largest direct benefit transfer scheme.

Direct subsidy transfer for LPG launched in 18 districts

The subsidy on LPG cylinders in the districts would be provided directly to consumers in their Aadhar linked bank accounts. Over 67 lakh LPG Consumers in these districts will benefit from the scheme.

Direct cash transfer will not lead to misuse, says Montek

According to Ahluwalia, direct benefit transfer scheme of government will be a game changer and a very important instrument for the financial inclusion of people of the country.

DBT rollout: Rajiv Takru meets bankers

A week after setting June 30 deadline to bankers to set up on-site ATMs to widen the scope of direct cash transfer scheme coverage, a top Finance Ministry official met bankers Wednesday and discussed the way forward for the ambitious scheme.

Direct cash through Aadhaar to save 0.5% of GDP for India: IMF

Integration of direct cash transfer with Aadhaar will take time but the scheme will help Indian government save 0.5 percent of the GDP, International Monetary Fund (IMF) said Monday.

Direct cash transfer to curb wastages, leakages: PM

Centre's ambitious direct cash transfer scheme will help in better targeting of subsidies and reducing delay in delivery of benefits besides curbing wastages and leakages, Prime Minister Manmohan Singh said Sunday.

'Direct cash transfer can reduce food, fert subsidy by Rs 60k'

Government subsidies on food and fertiliser can be pruned by Rs 60,000 crore in 2013-14 through direct cash transfer system and that will help control huge fiscal deficit as well as food inflation, says a paper.

Union Budget 2013: Direct cash scheme to be extended to entire country

Nearly 11 lakh poor people have benefitted from the Direct Benefit Transfer Scheme which began on January one and will be rolled out throughout the country, Finance Minister P Chidambaram said on Thursday during his Budget speech in the Lok Sabha.

Cash transfer per se may not impact on inflation

Will the government's direct cash transfer scheme fuel inflation? This will depend on how it is financed, India's chief statistician said Tuesday.

CACP seeks cash transfer in lieu of food, fertiliser subsidies

Government's advisory body on farm prices CACP on Wednesday suggested direct cash transfer to beneficiaries in order to rationalise food and fertiliser subsidies, which could rise to Rs 2,00,000 crore next fiscal.

Jairam Ramesh to launch direct cash transfer scheme on Jan 2

Union Minister Jairam Ramesh will launch the direct cash transfer scheme from Gollaprollu Mandal of East Godvari district of Andhra Pradesh on January 2, a senior official said on Wednesday.

Direct Cash Transfer scheme not a complex project: Chidambaram

Union Finance Minister P Chidambaram Monday said the Direct Cash Transfer (DCT) scheme to the targeted sections of people "will be a simple and error-free" arrangement with the utilisation of technology.

Govt fans out officials to ensure smooth rollout of Cash scheme

The decision to send the secretaries was taken at a meeting chaired by Prime Minister's Principal Secretary Pulok Chatterjee.

Direct Cash Transfer system a 'pure magic': Chidambaram

Describing the proposed Direct Cash Transfer scheme a 'pure magic' that brings a big responsibility on banks for its implementation, Finance Minister P Chidambaram on Saturday asked bankers to work with the government to make the scheme a success.

Aadhar, bank account mandatory for Direct Cash Transfer

Money will be transfered to beneficiaries of Direct Cash Transfer scheme only when they provide Aadhar card and bank account number by the cut-off date in 30-35 districts which are expected to be ready for the roll out on January one.

'Cash transfer only in those districts where fool-proof is ready'

The government's ambitious direct cash transfer scheme would be rolled out only in those districts where preparations are fool-proof, a Finance Ministry official said Monday.

Cash transfer scheme to eliminate middlemen: FM

He also asked banks to open as many new accounts as were needed to make the scheme far-reaching in its impact.

Direct cash transfer can help control inflation: Chakrabarty

Describing the government's ambitious direct cash transfer scheme as a "powerful tool", Reserve Bank Deputy Governor K C Chakrabarty has said the initiative will help reduce fiscal deficit, which in turn will also bring down inflation if implemented well.

Take up direct cash transfer scheme on war footing

Prime Minister's Office (PMO) has asked ministries to take up implementation of direct cash transfer scheme on a "war footing" before the launch of the programme on January 1.

PlanComm reviews cash transfer scheme roll-out plan

The Planning Commission Tuesday reviewed preparedness of the cash transfer scheme through video conferencing ahead of its roll out in 43 districts of the country from January 1.