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Showing posts with the label FINANCE MINISTRY

Budget 2019: 7 ministries, depts yet to earmark funds for tribal schemes

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Seven central ministries and departments have not earmarked funds for tribal welfare schemes in their budget for 2019-20 and 12 have "kept the provision below the level stipulated by the Niti Aayog", officials said Wednesday. In 2017, the Niti Aayog developed new guidelines obligating 41 central ministries and departments to earmark funds for "Development Action Plan for Scheduled Tribes" (DAPST), earlier known as Tribal Sub-Plan. An official said the guidelines were finalized in January 2019, which means complete adherence cannot be ensured this financial year. "Since the ministries decide their allocations for various schemes by November-December and the guidelines were finalised in January, any corrective action is possible next year only," the official said. The guidelines state that the 41 identified ministries and departments have to earmark at least 4.3 per cent funds for DAPST. Read More Article Source -> Business Standard

In a first, govt set to issue Rs 20 coin as a 12-edged polygon: FinMin

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The government will come out with the first ever Rs 20 coin which will be shaped like a 12-edged polygon with the design of grains to denote farm dominance in the country. Besides, new series of one, two, five and ten rupees coins too would be minted, which will be circular in design and have denominations written in Hindi script. The exact date of issuance of these new series coins is yet to be announced. The Rs 20 coin will weigh 8.54 gm and its outside diameter will be 27mm with the outer ring made of nickel silver and the centre piece of Nickel brass, a finance ministry notification said. The face of the new Rs 20 coin shall bear the 'Lion Capitol of Ashoka Pillar' with 'Satyameva Jayate' inscribed below. The left periphery will have the word 'Bharat' in Hindi and the right periphery will have the word 'India' in English. The reverse side of the coin would have the denominational value '20' in the international numerals along