Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
April 23, Sunday 2017 11:18 PM       

       HEADLINES: Woman, three daughters mowed down by train                                              Vengara bypolls will decide who is ‘right’, says Joy Mathew                                              Money power and Power Mani behind Munnar encroachment, says Kummanam                                              KRK says sorry for comparing Mohanlal to ‘Chota Bheem’                                              M M Mani is shame for state, says Sudheeran                                              TN CM meets protesting farmers in Delhi                                              ISRO to increase launch frequency to 12 per year                                              Mega defence deals likely during PM's trip to Israel                                              Modi to address all BJP CMs today                                              TN farmers suspend protest after CM's assurance                                              Pakistani man eats leaves for 25 years, never falls ill: Report                                              PPP to launch movement for Sharif's resignation                                              US accuses TCS, Infosys of violating H-1B visa norms                                              It is sad that India is no. 3 in doping: Mary Kom                                              Dhoni seals 6-wkt victory for Pune against Hyderabad                                              Bowlers deliver win for Mumbai                                              No required rate too high if you keep calm: Dhoni                                              Bopanna-Cuevas pair wins Monte Carlo Masters                                              Kaumudi Facebook
       BUSINESS Next Article: No estimates of undeposited black money in old notes: Govt.  
       FM gets President's pat for finishing Budget process by Mar 31
 
         Posted on :23:58:31 Apr 9, 2017
   
A A
       Last edited on:23:58:31 Apr 9, 2017
         Tags: Arun Jaitley, Pranab Mukherjee, Budget
 

NEW DELHI: Finance Minister Arun Jaitley on Sunday received a pat from President Pranab Mukherjee for completing the budget exercise by March 31 and not seeking a Vote on Account, which happened for the first time in many years.

"I congratulate the Finance Minister for completing the budgetary exercise and seeking the approval of both houses of Parliament, all the expenditure proposals, and all matters relating to the Finance Bill within March 31.

"And after many years, I do not remember of after how many years, no Vote on Account was taken this particular year," the President said.

The Vote on Account is an interim arrangement under which approval of Parliament is obtained to withdraw money from the consolidated fund when the budget for new financial year is not passed.

The President was speaking after the mega draw of Lucky Grahak Yojana and Digi Dhan Vyapar Yojana at the Rashtrapati Bhavan.

Prime Minister Narendra Modi-led government this year advanced the budget presentation to February 1 from the traditional presentation date of February 28 or the last working day of the month.

The move was aimed at helping the government begin the investment cycle right from the first day of the new financial year, April 1.

The nearly century-long practice of having a separate railway budget was also ended and it was merged with the General Budget.

Referring to the 12 digit unique identity number Aadhaar, the President said it is "a watershed event" in the development story of India.

"Aadhaar enabled payment system has made digital payments possible for even those who do not have mobile phones. The government has enabled development of new modes of digital payments with goal to make their use easy and seamless. The launch of Bhim has demystified the digital payments," he said.

He further said India has a long way to go to become cashless society.

"The initiatives of the government under the dynamic leadership of Prime Minister Narendra Modi is a good beginning and we need to sustain and nurture this with active participation from all segments of the society," the President said.

He stressed it is necessary to reduce cash in circulation and impart greater urgency to promoting secure digital payment methods to ensure greater transparency.

Following demonetisation of old Rs. 500/1000 notes on November 9 last year, the government took a slew of measures to promote digital payments in the country.

The government launched the Lucky Grahak Yojana for consumers and Digi Dhan Vyapar Yojana for merchants on December 25, 2016 in order to promote digital transactions.

These schemes are being implemented by the National Payment Corporation of India (NPCI).

Winners selected through the draw on Sunday would be awarded by Prime Minister Modi on April 14 in Nagpur.

Customers and merchants using RuPay Card, BHIM / UPI, USSD and AePS were eligible for wining daily & weekly lucky draw prizes.

As many as 14,000 weekly winners, both consumers and merchants, received a total prize money of over Rs. 8.3 crore every week.

DigiDhanMelas were also held across India in 100 cities over 100 days and 15,000 consumers qualified every day for total prize money of Rs. 1.5 crore.

The Lucky Grahak Yojana rewards Rs. 1,000 daily to 15,000 customers undertaking digital transactions. Weekly prizes up to Rs. 1 lakh for consumers and Rs. 50,000 for merchants are given.

A A
       BUSINESS
Next Article: No estimates of undeposited black money in old notes: Govt.
 
 
BUSINESS HEADLINES
Thailand expects 12 lakh tourists from India in 2017  
GST great illustration of cooperative federalism: Modi  
Niti Aayog lists promoting digi-payments as achievement  
Hero Cycles eyes setting up Rs 400 cr project  
Impact of demonetisation abated: IMF  
Mistry appeals against NCLT rejecting waiver plea in Tata case  
Air India lowers age limit for elderly travel concession  
SEBI court quashes non-bailable warrant against Sahara chief  
India needs to accelerate investment in children, education:WB  
Sensex extends gains, up 86 pts on bargain hunting  
Jaitley may take up H-1B visa issue with US authorities  
'India moving forward to become major destination for FDI'  
Sensex surrenders early gains, falls 95 pts  
Apple, Coke, Airtel among cos pulled up for 143 misleading ads  
Inflation cools to 5.7%, food prices heat up  
Nifty regains 9,200-level in early trade  
SC orders auction of Sahara's Amby Valley  
Railways to export locos, train sets worth Rs. 680 cr to Lanka  
Sensex edges lower by 88 pts on global weakness  
Netizens uninstall Snapdeal app instead of Snapchat  
Petrol price hiked by Rs 1.39 per litre, diesel up by Rs 1.04  
CBEC sanctions Rs 1 cr to each zone for GST outreach  
Markets feel Infosys heat, Sensex dives 182 pts  
Infosys plans Rs 13,000 cr pay-out via buyback, dividend  
Rupee sinks 17 paise to 64.67 on global woes  
 
Do you think Chief Minister Pinarayi Vijayan triggered holy cross row?
yes
 
no
 
don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy