Business Report by SBI: Delayed Payments under MNREGA Decline to 6-Yr Low

Business Report by SBI: Delayed Payments under MNREGA Decline to 6-Yr Low

by May 15, 2018 0 comments

Delayed Payments under MNREGA Decline to 6-Yr LowA delay in payments under the guaranteed rural employment programme ‘Mahatma Gandhi National Rural Employment Government Act(MNREGA)’ fell to a 6-year low of Rs 67,956 crore last fiscal ended March 31, said a SBI research report on Monday. The amount of delayed payment had touched a high of Rs 2.38 lakh crore in 2015-16. It was Rs 2.08 lakh crore in 2016-17, said the SBI Ecowrap report based on government data. On the other hand total payments under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) was also at 6-year high of Rs 3.87 lakh crore. “Delayed payments, which were as high as Rs 2.38 lakh crore in FY16 had declined significantly to merely Rs 67,956 crore in FY18. As a percentage of total payments, the share of delayed payments has decelerated continuously and sharply from 73% in FY15 to 18% in FY18,” the report said. Furthermore, it said the share of more than 90 days in delayed payment has also improved materially and declined from 30% in 2012-13 to 8% last fiscal.The report also pointed out that although there were only 18% of delayed payments at all-India level, the situation of some of the states is “worrisome”.

pfc signs mOu with ministry of power

Power Finance Corporation Ltd (PFC) has signed a performance-based ‘Memorandum of Understanding’ (MoU) with Ministry of Power, Govt. of India detailing various targets to be achieved by PFC during FY 2018-19. The MoU has been signed by Ajay Kumar Bhalla, Secretary (Power), Govt. of India and Rajeev Sharma, CMD, PFC in presence of various senior officials of MOP and PFC. The MoU contains various parameters relating to financial viz.,Revenue from operations, Loan Disbursements, Loan Assets, Cost of raising funds and Non-financial parameters viz., Human Resource management and IPDS-related parameters.

NORTHERN RAILWAY ORGANISES  CONFERENCE OF PURCHASE OFFICERS

Indian Railway is a transport service provider, for which it has its own infrastructure. The maintenance and up-gradation of these assets which include both the permanent structures and the movable rolling stocks, is of prime importance. The Department of Material Management therefore, becomes the backbone of the Railways as it is involved in procuring the best and the latest material and spare-parts for building and maintaining the Railway assets. A conference of Purchase officer’s was organized at Shakurbasti Materials Depot, on Monday at New Delhi. Pradeep Kumar, Principal Chief Materials Manager was the chief guest on the occasion. Raja Ram, OSD/IT and R. L. Bhardwaj, Chief Materials Manager/ E were also present on the occasion. Addressing the officers Pradeep Kumar said that the need of the hour is the proactive involvement of officers on a daily basis at all levels, ensuring timely availability of Safety and Passenger amenity items. He also added that innovative and workable ideas should be put forward without hesitation so as to make the system more efficient.

SCOPE APSE Conducts Executive Development Programme

SCOPE Academy of Public Sector Enterprises (APSE) conducted 7th  Executive Development Programme for the executives of public sector enterprises which started at APSE premises here today. Chief Guest Padma Bhushan Dr. M.B. Athreya, renowned Management Adviser inaugurated the program in the presence of Dr UD Choubey, Director General, SCOPE, Mr. Ashok Bhat, Director, MindShare HR Consultancy and a large number of PSE representatives.  On this occasion, Dr. Choubey addressed the young executives of public sector enterprises on Public Sector and Governance. (In photo) Dr. UD Choubey, Director General, SCOPE addressing the participants of the Executive Development Programme of APSE.

Chairman Railway Board inspects Old Delhi Railway station

Chairman Railway Board Ashwani Lohani, along with General Manager Northern Railway Vishwesh Chaube, did an intensive inspection of the Old Delhi Railway Station to take stock of the passenger amenities and safety and security related works. Rajiv Dhankhar, Addl. DRM Delhi Division presented to him the status of various developmental works that are being done at Delhi station. CRB gave comprehensive instructions to the officers and staff to speed up the pace of the works that are being done to increase passenger amenities that shall make the passengers’ travel experience a pleasant one. Critically analyzing the main facade of the station building, Shri Lohani directed that the old heritage look of the façade must be preserved at all costs. He suggested some changes to the proposed renovation plan and directed that the layers of paint and whitewash which was done over the years, was beginning to cake up the walls and it must be carefully peeled off and the brick wall structure must be restored to its known original colour.  “Passengers should only need to look at the sign boards and find what they need without having to ask staff or bystanders”, said Lohani. A proposal for creating comfortable air-conditioned passenger lounge was pending with IRCTC for some time. He directed the ADRM to re-draw the scheme and do the work of making this passenger lounge within powers of the division itself.

Lt GEN SUKHDEEP SANGWAN assumes charge of DG ASSAM RIFLES

Lieutenant General Sukhdeep Sangwan, Sena Medal and Bar assumed the appointment of Director General Assam Rifles on Monday. He takes over as the 20th DG of the Force which is popularly called as Sentinels of the North East. The General Officer is an alumnus of Officers Training School Chennai and was commissioned into the Rajputana Rifles in Aug 1982. He is an alumnus of Defence Services Staff College Wellington, College of Defence Management Secunderabad  and the prestigious National Defence College. Lt Gen Sangwan has a vast combat experience including counter insurgency; counter terrorism operations in Punjab, Jammu and Kashmir, Assam and Nagaland. The General Officer has twice been bestowed with Sena Medal for distinguished service after successful command of his Brigade as well as Division. In addition, he is a recipient of CISC’s Commendation Card.The new Director General ventures into literary pursuits and has authored a book on “Integrated Force Projection by India and co-authored another one on “Comprehensive National Power”. He takes keen interest in poetry as well.

Writer: Pioneer

Courtesy: The Pioneer

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