The electoral battle in Jharkhand is intensifying as alliances evolve ahead of the Assembly elections. Currently, the coalition of Jharkhand Mukti Morcha (JMM) and Congress governs the state, with Hemant Soren back in the chief minister's seat. The Bharatiya Janata Party (BJP), the principal opposition in the state, aims to improve its performance after losing to the JMM-Congress combine in 2019, following a five-year rule from 2014 to 2019. This year, the BJP has allied with the All Jharkhand Students Union (AJSU).
To attract voters, purse strings are being loosened. The JMM-led government has launched the Mukhyamantri Maiya Samman Yojana (MMSY), providing ₹1,000 per month to eligible women aged 21 to 50. Last month, the state Cabinet lowered the minimum age limit to 18. Currently, 4,815,048 women are registered, with 4,536,597 receiving benefits.
The government plans to increase payouts to ₹2,500 per month in December to further enhance this initiative. This increase, aimed at countering the BJP's proposed 'Gogo Didi Yojana' which promises ₹2,100 per month to women, is expected to hit the state exchequer by ₹9,000 crore a year.
However, financing these initiatives poses challenges, as Jharkhand generates only about 30.8 per cent of its revenue receipts from its own tax collections. Additionally, the state's finances are strained by a comprehensive pension scheme that provides universal coverage, lowering the qualifying age for old-age pensions from 60 to 50 years for marginalized groups, including Dalits, Adivasis, and women. The state government supplements central pension amounts, contributing an additional ₹240.4 crore to ensure all eligible individuals receive ₹1,000 a month.
هذه القصة مأخوذة من طبعة October 28, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 28, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Changes in policy terms must be conveyed
Mustafa Pithawala had taken a home loan of ₹20,11,101 from Tata Capital Housing Finance on October 19, 2015. To secure its repayment, he was covered under ICICI Lombard Group Secure Mind Policy, valid from October 23, 2015, to October 22, 2020. This policy also covered personal accident and major medical illnesses and procedures such as coronary artery bypass graft surgery (CABG).
Begin early, use equity MFs, NPS and PPF to build corpus
Extending work life may not be easy: Health issues, changing workplace needs may upend plans
Sunny skies for REITs, with a high chance of growth
Home stretch for real estate investment trusts as strength of the office leasing market and Q2 results show endurance
The steady drumbeat of value creation
HSBC Value Fund, launched in January 2010, has consistently ranked in the top 30 percentile of the focused funds category in the CRISIL Mutual Fund Ranking (CMFR) for three consecutive quarters up to June 2024.
Moderate rally in Samvat 2081; DIIs key drivers'
The markets are set to enter Samvat 2081 after a year where midcap and smallcap indices outperformed their larger peers. JIGNESH DESAI, chief executive officer of institutional equities at Centrum Broking, in conversation with Puneet Wadhwa in Mumbai, discusses how specific stocks in the largecap universe will continue to attract interest. He also shares his outlook on the midcap and smallcap rally, which he expects to persist over the next two to three years, albeit with intermittent corrections that could present buying opportunities. Edited excerpts:
Stop, think, then take action: PM's mantra to counter 'digital arrests'
Prime Minister Narendra Modi on Sunday flagged the issue of fraudsters targeting people with the cyber crime of \"digital arrests\" and urged people to adopt the mantra of stop, think and take action when faced with such a scam, asserting that these steps will provide digital security to them.
In a first, standard treatment norms for vets unveiled
They discourage excessive use of antibiotics in poultry and livestock
Luxe hotels curate Diwali hampers beyond the box
Season highlights: Locally sourced goodies, sustainable packaging
When deposits become 'assets' of banks
Offering a higher interest rate is an easy but costly solution. It's time for banks to innovate
SCENT OF A MAN
Why domestic telcos smell trouble if Elon Musk's Starlink gets satellite spectrum at administrative prices