Vikalp Yojana: A Scheme By Indian Railways

Vikalp Yojana is a scheme launched by the Indian Railways in order to improve the service provided for all the passengers who are in the waiting list category. Thus it increases the flexibility of Indian Railways making it a convenient service provider. The approach of Vikalp Yojana is passenger friendly. A waiting list ticket for a train will be converted to a confirmed ticket for the next train running along the same route if a berth or seat is available. Vikalp Yojana has been applied for trains running between Delhi to Jammu and Delhi to Lucknow currently.

Vikalp Yojana: Planning and Benefits

The plan of Vikalp Yojana is to assure the waitlisted passengers a confirmed ticket. Thus the passengers will get a ticket for the next train along the same route. This service was initially available for all the passengers who booked online tickets for Mail and Express trains. The service will go on for a period of 6 months. Then according to the flexibility and reviews by the passengers, the rules will be revised and the scheme will be promoted widely. One of the advantages of this scheme is that a confirmed ticket is booked for the next available train along the same route without any extra charges. Thus the Vikalp scheme aims to provide a two-way benefit: The convenience of passengers and the utilization of unreserved berths which will profit the Railways division.

The passengers, if waitlisted, will be notified to opt for the Vikalp Scheme. If the option is affirmed then the confirmed ticket on the alternative train will be notified via an SMS sent to the registered mobile number of the passenger. This an especially effective scheme during the peak seasons when many passengers fail to get reservations. The chances of getting a confirmed ticket are very high and it is a reassurance for many passengers. On the 1st November 2016, a pilot run was done for this scheme. After the pilot run, this scheme was made available for counter ticket bookings and the running routes are slowly being expanded. Another benefit of this scheme is that in case there is a difference in ticket fare between the train opted for and the alternative train confirmed, the difference in the amount is refunded to the account of the passenger.

Implementation of Vikalp Scheme

To enable easier implementation of the Vikalp Yojana the following steps are followed:

  • A proper database is maintained for all the waitlisted passengers.
  • In case a confirmed booking is available on the alternative train along the same route, a passenger who has opted for Vikalp Scheme is sent a confirmed ticket.
  • The name of the passenger will be deleted from the waitlisted database of the original train.
  • A separate list will be prepared for all the passengers who have got a confirmed booking on alternative trains.
  • A separate and updated chart is prepared for confirmed and waitlisted passengers.
  • Only in the case of a huge rush, a passenger will not be cleared of the waitlist.
  • The passengers who have opted for Vikalp Scheme are advised to check their PNR status regularly for updates.

Pradhan Mantri Ujjwala Yojana Review: PMUY Goals, Application & Eligibility

Narendra Modi’s reign as the Indian Prime Minister is a compilation of masterstrokes with his many schemes that changed the face of India over the last couple of years. One such important scheme is The Pradhan Mantri Ujjwala Yojana. Introduced on 1sy May 2016 in the state of Uttar Pradesh, PMUY is a socio-economic welfare scheme that aims at providing LPG connections to all the households below the poverty line. Thus inefficient and toxic rural fuels were replaced by clean Liquefied Petroleum Gas in about 5 Crore households.

Goals Of Pradhan Mantri Ujjwala Yojana?

The primary aim of PMUY is development across the rural sectors of India by providing them with better non-renewable fuel facilities and to promote hygienic cooking in households below the poverty line. This scheme has multiple advantages:

  • Educating the rural women to use healthy fuels in cooking.
  • Promoting welfare in rural families by eradicating health hazards posed by unhygienic fossil fuels.
  • Reducing pollution caused due to burning fossil fuels and in turn prevent any bronchial and respiratory diseases that may affect the lungs negatively.
  • Eradicating deadly diseases caused due to air pollution, thus decreasing the death rates among rural locales.

Government Implementation Of PMUY

The Ministry of Petroleum and Natural Gas is responsible for implementation of this scheme. The time frame that has been provided for implementation is 2016-2019. All the LPG’s will be properly dispatched and distributed to households below the poverty line on the production of required documents. The Ministers of Petroleum and Natural Gas will keep a record of all distributions to meet the goals within the given time frame.

Budget Allotted For PMUY

Narendra Modi has introduced the PMUY and has declared a budget of 8000 Crore to implement it. Each financial year an amount of 2000 Crore will be kept aside for PMUY to provide LPG connections to 5 Crore households by 2019. An EMI will also be started by the government for refilling the LPG and to buy stoves.

Application Procedure: How to apply For PMUY

PMYU is aimed at educating women and encouraging them to use healthy cooking fuels instead of fossil fuels. Thus KYC Application forms for PMUY has been introduced by the government which is available both online and offline. So any woman who is from a family that comes under “below poverty line” category can fill the form with all required details. The form has to be submitted along with all the necessary documents to the nearest LPG retailer mentioning the weight of LPG Cylinder required. The eligibility criteria for application is a follows:

  • The applicant must be a female whose name is listed under “Below Poverty Line,” SECC-2011 data. For this, the applicant must issue a BPL Certificate authorized by the municipality chairman. A copy of this certificate must be submitted to the nearest LPG retailer
  • The age of the applicant must be equal to or above 18 years.
  • The applicant must belong from a household that does not have a pre-registered LPG connection.
  • The applicant should be the primary account holder in any centralized bank with a savings account in her name.
  • Along with the BPL Certificate, the applicant must also have a BPL Ration Card.
  • The applicant must submit any photo identity proof: Aadhar Card, Voter Card, etc.

The above-mentioned documentation proofs have to be submitted along with a recent passport size photograph to complete the application.

PMKVY Scheme

PMKVY: Pradhan Mantri Kaushal Vikas Yojana

Prime Minister Narendra Modi on 15 July 2015 launched the Skill India Campaign with an aim to train over 40 million people in the country by the year 2022. This campaign has various projects under it which include National Skill Development Mission, National Policy for Skill Development and Entrepreneurship 2015. As different investors and Industries from all over the world are invited by the honorable Prime Minister to set up business in India along with that, he also wants the youth to develop their skills. The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) was thus foreseen as a key measure to impart skills-based training to young men and women. So that they are capable of earning for themselves and support the country become poverty free. The scheme becomes all the more important in India as it has the world’s largest youth population that requires employable skills.

PMKVY Scheme

The government has given a total outlay of 1,500 Crores To formulate and implement the PMKVY. The program is to impart skills to the 24 lakh youth in the country focusing mainly on the school dropouts and the poverty ridden areas. The scheme was launched in all the states of India in early July 2015.15 July 2015 was also observed as National Skills Day. The unemployment rate in India has gone down in a huge level by 2014. This scheme is being aimed to completely irradiate the unemployment issue.

National Skill Development Council has been given the charge of proper implementation of the scheme. According to the plan, the skills that the youth will be trained will be decided based on the National Skill Qualification Framework (NSQF) and also based on the opinion of the industries that would heir those skilled trainees. The Central and the Sates governments were also consulted for various inputs. This scheme also led to the development of other schemes like Digital India Scheme.

The government made sure that the enrolment process for the scheme is kept simple. Firstly proper advisement was made about the scheme throughout the country by making a partnership with telecom companies. The government sent out mass SMS about the scheme and provided the eligible candidate a toll-free number to call on (1800 102 6000). The candidates were supposed to give a missed call on the number, and they were directed to an IVR through an automated callback. There the candidate was asked to give to their necessary details. These details are stored and screened later. The eligible candidates were provided with the details of the nearest training centers and the dates which they should report.

The scheme was first launched in Bihar, and the youth from the northeastern part of India has been planned to give major focus. From 1 July 2015, about 1, 17,564 people from all over the country have already enrolled for skills training. Training has been instigated for some 1,07,080 trainees already. As the scheme’s implementation is being undertaken by NSDC’s training partners. The National Skill Development Corporation has come up with a list of 187 l training partners with 2300 training centers spread out in almost all the states of India. While the scheme is on experimental trail state in selective states and regions, a nation-wide launch is expected by mid-July. Out of the 1500 crores that were outlaid for the scheme INR 1120 is likely to be allocated for the training of the youth, 220 crores will be spent on the “recognition of prior learning”. And the rest INR 67 crores were spent on creating awareness and advertising about the scheme.

Along with the training, the candidates will have to go through an assessment at the end of the training period. A third party assessment body would evaluate the candidates and based on the skills acquired the candidates with will be rewarded with the financial support of INR 8000, and a certificate of merit is issued.

Not only in the development of the candidates, but this scheme has also looked into the fact that proper training institutes are setup. Digital training facilities and skilled instructors are highly valued by NSDC for the training sessions. The institutes that have been made partners were properly studied upon before the commencement of the scheme. The training curriculum which is followed is highly efficient and relevant. The state government and sector skill council continuously keep a check on the training sessions and the training institutes. They are highly monitored. A process of taking feedback from the candidates about the Institute and the session on a regular basis has also helped to make the scheme work very efficiently.

The latest updates of the event are as follows: On the occasion of the first anniversary of the Scheme, the Union Cabinet again outlaid an amount of 12000 crores to carry forward the scheme for next four years. According to government records, 18 lakh candidates have been enrolled to the scheme, and around 17 lakhs have successfully acquired the skills by July 2016. The National Skill Development Corporation is aiming to set up 50 International Training Centres all over the country. These centers will increase job opportunities for health care workers, retails, security, tourism, and many more sectors.

SAGY scheme

Saansad Aadarsh Gram Yojana (SAGY) Objectives, Plan, Strategy

Saansad Aadarsh Gram Yojana (SAGY) is a rural development program launched by the Hon’ble Prime Minister concerned with the social and cultural development and to provoke active participation of the rural community to create model villages one by one.

SAGY scheme

SAGY Objectives

The primary objectives of the program is to

  1. Develop Aadarsh Grams through the application of existing schemes and new initiatives reciprocating the needs in the locality or village community, which varies from village to village.
  2. Creating ideal village development which can be replicated in other villages as well.
  3. To initiate steps that lead to development of the identified Gram Panchayats
  4. To improve the standard of living of all sections through
  • Better livelihood opportunities
  • Wider social mobilization
  • Higher productivity
  • Enriched social capital
  • Improved basic amenities
  • Enhanced human development

The Plan behind SAGY

The vision of our Hon’ble Prime Minister is that, if we have to build a nation we have, to begin with the villages of our country. He firmly believes that if every member of parliament takes the initiative to transform villages in his/her constituency, a large number of villages would have seen development.

Under this program, each MP must choose one village from the constituency they represent and make it a model village by 2016.

After that they can two or more villages and do the same by the time the next general elections are held in 2019, and after that set themselves ten year development schemes.

What was the aim behind SAGY Yojana

The aim is to initiate and establish holistic development of Gram Panchayat. To significantly upgrade the standard and quality of life by targeting certain important aspects that can be broadly categorized as:

Personal development- personal values, cleanliness, cultural heritage

Human development- education, health, nutrition, social security

Economic development-livelihood, skill, financial inclusion

Social development-social values/ethics, social justice, good governance.

Strategy behind SAGY

  1. Conduct initiative programmes to create awareness towards active participation.
  2. Exercises for identifying the needs and priorities in an organized manner.
  3. Gathering resources from the central sector and centrally sponsored schemes and to their maximum extent.
  4. Repairing and rehabilitating existing infrastructure.
  5. Strengthening panchayats and public awareness
  6. Acting responsibly and with transparency.

A quick overview as to how SAGY is to be implemented

Identification- To initiate steps towards the development of the Aadarsh  Gram we have to first identify them. The selection of these villages are up to the discretion of the MPs or in general a tribal village or one with a population of 3000-5000 we’ll be an ideal selection as an Aadarsh Gram.

A Member of Parliament can freely choose his/her own village as an Aadarsh Gram. First identify one village for initial development then shortlist 2-3 more villages for subsequent development under the programme. The objective is to establish three Aadarsh Grams by 2019 or at least one by 2016. The target is to develop 5 of them at the rate of one per year by 2024.

Roles and responsibilities- Identification of Aadarsh Gram and social mobilization of the village community through a series of inculcating activities. Communicate the purpose and value of the program to all residents and be specific and transparent about the goals. Include suggestions and priorities and formulate a functional plan. Encourage participation and utilization of necessary resources through local contribution. The MPs will take responsibility to monitor the progress from time to tone and get involved to overcome obstacles that may arise through time. Ensure complete transparency throughout, from planning to implementation of outcomes and benefits.

How is SAGY going?

Currently, the second phase of Saansad Aadarsh Gram Yojana is in action, and so far we have seen only 40 MPs have adopted villages, 33 LokSabha members, and 7 RajyaSabha members, to develop them as model villages. Whereas in the first phase this count was well over 499 MPs in LokSabha and 199 MPs in RajyaSabha.

My Views on Saansad Aadarsh Gram Yojana

The Saansad Aadarsh Gram Yojana has been finally kicked off, and since the day of its launch 11 October 2014, almost two years have passed, and only a few have been actually benefited by it. The ruling party BJP has tried its level best to bring it into motion, but as we can see, there are conflicts about the funding of the scheme and activities. The opposition claims that it’s not right to use funding from the MPLAD scheme as they state that they’re already being used in other various development programs. Although it might not be justice to the efforts of the active government towards rural and as a result a nationwide development. This is nothing but an obstacle in the path of advancement and a quality living. It can only be overcome by unbiased and unprejudiced contribution towards community service through active participation and selfless attributes.

Smart City Yojana: Launched Date, Benefits, Motives and News

Indian economy has been growing consistently attracting global acclaim. Growing economic activity and urbanization have historically gone hand in hand. However currently, many cities are struggling to cope up with the adverse effects of unplanned development without any master plans. Adequate infrastructure and avenues for IT enabled services are sadly in short supply in most cities. The fast increasing gulf between urban rich and poor is also a matter of serious concern.

Keeping this in mind, Prime Minister Narendra Modi launched Smart Cities Awas Yojna Mission in June 2015. It is one of the government’s most ambitious programs, with a total of ₹980 billion being endorsed by the Indian Cabinet and the development of every single person in this country.

Selection of Smart Cities

The implementation of the project will take place in three rounds. The first round comprises of the selection of 20 cities which require immediate and foremost attention. These include Bhubaneswar, Pune, Jaipur, Ahmedabad, New Delhi and many others. The second round shortlists another 13 cities like- Lucknow, Chandigarh, Ranchi, etc. Lastly the last round would cover rest of the 27 cities. Amritsar, Nagpur, Agra, Varanasi are among the few cities shortlisted for the third round.

Main Motive of Smart City Yojana

The whole idea of Smart City Yojana is not just to build huge buildings but to develop a city and make it modern so that the people living in it may enjoy the easier lifestyle and may avail basic facilities easily.

This project would ensure sanitation and other modern facilities for developing the city. The scheme would provide certain essential things needed for the urban areas like vehicles, infrastructure, ecology, education, energy resources, people’s security, cleanliness and health care with the help of modern technologies.

Smart Housing for Smart cities

Foremost importance is being given to Smart Housing for Smart cities. According to the terms of the program, the government of India will undertake to construct about two crore houses by the year 2022. Each house covered under the scheme will draw in a central grant of about 1 lakh Indian rupees up to 2.3 lakh Indian rupees which will form a part of the 6.5 percent interest rate subsidy scheme which previously had an interest rate subsidy of 1 percent.

Digital Governance in Smart cities

Following which Digital Governance in Smart cities is being given significance. This includes- multi-channel citizen interface like mobile, web, face-to-face, kiosks and social media can assist in delivering various citizen-centric services such as bill payment, tax, and on-line issuance of certificates and registration of grievances. Social media has proven to be a very powerful two-way communication channel.

To serve all the major requirements of the implementation of the project, the government has the policy to outreach all the foreign investors so that they help in the development program.

This project will compromise a lot of steps. The exact duration of the scheme has not been mentioned, however, as conveyed the project would take place in phase/ rounds and the final phase should be completed within next two decades.

Benefits to other Social and Economic groups

While the Pradhan MantriAwasYojana is clear about its aim, it does make sure that the advantages of the program are cherished by every female, financially weak groups of Indian society. Tran’s genders and widows, members of the society which belong to the lower income groups and urban poor, and the Scheduled Castes and Scheduled Tribes shall be granted preference when they try to avail the affordable housing scheme.

Apart from these groups, people who often find themselves out of a home, senior citizens and differently-abled people shall also gain preference in allotment of houses. If needed, they shall be able to choose a ground floor house. As stated earlier, the project is one of the most ambitious projects till date in India and every Indian will be amazed by it.

The intent and the fundamental idea behind the project are quite righteous, provided the implementation part is done with utmost honesty. Protection and benefits are for everyone and every citizen of India should get all the benefits be in anyone either lower class people or even aTran’s genders and widows. Smart City Yojana would bring in smart solutions within the targeted cities so that the day to day lives of the citizens living in these cities is convenient and efficient at the same time.

job guarantee scheme

MGNREGA /NREGA Scheme- 100 Days Job Guarantee Scheme

MGNREGA or Mahatma Gandhi National Rural Employment Scheme is was introduced to increase job guarantee in the rural sectors. MGNREGA offers an employment tenure of at least 100 days to all the unemployed citizens of rural India who are adults (18 years and above). The objective is to provide non-skilled work to such citizens each financial year at a stipulated minimum pay as defined by the government. Implementation of MGNREGA ensures that the purchasing power of the rural India improves. Another excellent step taken by the government under MGNREGA is that about one-third of the unskilled laborers from rural areas are women. When MGNREGA was first introduced in 2005, it was known as the Nationwide Non-Urban Career Assurance Act. Later it came to be known by its present name in 2009. More about MGNREGA is given below.

job guarantee scheme

MGNREGA Details:

Full Form of MGNREGA

Also known as NREGA

Started in the year 2005

Later renamed as MGNERGA in 2009

MGNREGA or NREGA: Are they both same?

NREGA or MGNREGA are same schemes with different names. The scheme was launched in the year 2005, by the name NREGA (National Rural Employment Guarantee Act). Later in 2009, the scheme was renamed as MGNREGA.

Some people say that the name of Mahatma Gandhi is not there on the official website. This is because Mahatma Gandhi’s name was later added in 2009 by INC. Initially, when it was launched, it was known as NREGA scheme. This is the reason the official website of MGREGA is: and not MGNREGA.

What is a MGNREGA Card?

MGNREGA card is provided to every unemployed family. Instead of allotting every unemployed individually, one MGNREGA card serves the purpose for the entire family. It is basically a job card to track the activities and proceedings of days of work. One thing to note here is that all the family members sharing the same house, applicable under MGNREGA, will share the same card.

MNREGA Card comes with a unique number/code.

For example – WB/19/1/22/48

WB is the state name.

19 is the district code.

1 is the block code

22 is the village code

and 48 is the house number.

This way it becomes easier to track anybody with the unique code. Please note that it has now been linked with Aadhar Card.

Activities of MGNREGA

The benefits of MGNREGA are two-fold. Focus areas of activities are: growth in rural sectors and increasing the career opportunities by introducing jobs that demand unskilled labor.

The growth sector focuses on activities like:

  • Preservation of water
  • Controlling overflow of water by building embankments.
  • Introducing percolation aquariums and building tanks and ponds in possible places using manual labor.
  • Basically, the drought conditions in rural areas will be improved by the introduction of this scheme.

The career opportunities are the work provided to rural citizens after they are approved by their Gram Panchayat.

Funding For MGNREGA: MGNREGA And Union Budget 2017

Union Budget 2017 has extended an amount of 48,000 crore INR towards MGNREGA. The Nationwide Career Assurance Fund goes directly to the accounts of rural zones. This assistance provided by the government are divided into the following funding structure.

  • The salaries of unskilled laborers are extended by the government. Thus the government shoulders the entire price of income provided to adult rural workers.
  • The expenses required to administer MGNREGA like various programs, wage allocation, team building, working ground and facilities provided at the working ground are all borne by the government.
  • In the case where the government cannot fund some part of the wages for rural unskilled labor, there is a provision for providing unemployment relief.
  • The objective is to extend extra money in favor of MGNREGA with the introduction of each budget session.

How To Apply For Jobs Under MGNREGA

MGNREGA operates via issuing Job Cards for unemployed adults who wish to be a part of this scheme and benefit from it. Given here are more details about Job Card and the process of application for MGNREGA:

  • Job Cards are issued by Gram Panchayats to those applying for unskilled labor work.
  • These issued Job Cards are valid for a tenure of 5 years.
  • The Job Cards are issued in the name of a particular household. The details in the Job Card states the members of household eligible to work under MGNREGA.
  • The Job Cards are issued within a fortnight after verification of required documents.
  • On the basis of details provided on the Job Cards, adult individuals can apply for MGNREGA.
  • These applications need to be submitted to the Gram Panchayats who will process it further.
  • The entire cost to issue and provide these job cards are to be borne by the central government.
  • In case an individual loses their Job Card, a new application has to be made to the Gram Panchayat.
  • If an individual requires a change in personal details in regard to the household for which it is issued, the information needs to be conveyed to the Gram Panchayat.

If you have any doubts or queries about MGNREGA, please share it with us. We will do our best to answer you.

budget 2017-18

Union Budget 2017 in Short: Highlights and Keynotes

Union Budget 2017 was presented today by the Finance Minister, Mr. Arun Jeitley. 1st February 2017 was probably the most awaited day after the legendary demonetisation on 8th November 2016. The Union Budget 2017 was to be presented officially by our Honourable Finance Minister today. The budget for this financial year is released earlier in the wake of the economic scenario of India. Narendra Modi described this budget as “futuristic” path for India which aims at fulfilling the dreams of citizens from all sectors. Here are the key highlights from the Union Budget, sequentially as telecast live.

budget 2017-18

Union Budget 2017 Key Highlights

The Budget started on a high note with the Honourable President Pranab Mukherjee calling the session himself. At approximately 11:10 a.m., Arun Jaitley started presenting the budget.

The announcement of this financial year’s budget being a “system and policy-based administration” was the declaration of eliminating black money completely. With a formal economy finally introduced, the financial reins are now completely in the hands of the government.

The merging of Railway Budget with the Union Budget was a huge step forward in the commencement of an economy that is stable and integrated. Though the budget has been merged, the Railways remain an autonomous body.

  • More financial assets will be spent by the government of rural areas, households below the poverty line and infrastructure development.
  • Soil testing equipment will be set up in all rural areas (648 Krishi Vigyan Kendras) as the first step towards development.
  • The new economic aim is to raise the GDP ( Gross Domestic Product) rate to 7.6% in the financial year 2017-2018.
  • By developing the rural areas, double the normal income will be generated for farmers. The Mahatma Gandhi National Rural Employment Guarantee Act will improve giving the agricultural sector a growth rate of 4.1%. There will be a credit of INR 48,000 crore towards MGNREGA and INR 10 Trillion for the agricultural sectors.
  • A major reform in Union Budget 2017 is the passing of GST Bill which will ensure a centralized taxation on goods and other services.
  • INR 27,000 is to be used for the Pradhan Mantri Gram Sadak Yojana to provide homes to one crore homeless people.
  • 28,000 domestic households affected by arsenic invested water will be provided clean drinking water facilities.
  • The credit linked subsidy scheme loans have extended their period from 15 years to 201 years under the Pradhan Mantri Awas Yojana.
  • 100 International skill centers will be introduced to help the Indian citizens to get a job in a foreign country. Apart from that the higher education system of the country will become be made autonomous by giving an autonomy under UGC to colleges and institutions.
  • Dairy funds of INR 8000 crore is proposed for three years. The initial financial support provided to the dairy industry is INR 2000 crore.
  • FDI policy liberalization is being done by abolishing Foreign Investment Promotion Board. All FDI request will now follow an automatic route.
  • Expenditure budget extended towards railways is INR 1.3 Lakhs crore. This is to develop the Indian Railways by providing more facilities like escalators, lift etc.
  • There will be no Service Tax levied on any bookings through IRCTC E-Ticketing portal.
  • INR 10,000 crore will be credited towards Bharat Net Project meaning that high-speed Broadband connection will be given.
  • 64000 crore will be credited towards highway development projects.
  • Power Development of 24,000 MW through solar energy by funding all solar power projects.
  • The advance tax rate on Income Tax will be increased by 34.8% in the wake of demonetization.
  • Income tax for Microfinance Units will be reduced.
  • The customs on Liquefied Natural Gas (LNG) is to be reduced to 2.5%.
  • All cash transactions for every individual will be limited to INR 3 Lakhs.
  • Political parties can receive donations only via transparent modes like cheque or digital banking. The cash donation amount towards the political parties will be limited to INR 2000 per individual.
  • The Income Tax Rate for all the salaried citizens earning between INR 3- 5 Lakhs will be reduced to 5% from the previous rate of 10%. A 10% surcharge rate in Income Tax will be applicable for those earning between INR 50 Lakhs to INR 1 crore.

Union Budget Allocation

MNREGA- 48,000 Crore INR compared to last years 35,000 Crore INR

Transport sector – 2 Trillion INR

Highways- 64,000 Crore INR.

Indian Railways – 55,000 Crores INR.

PM Awas Yojana- 23,000 Crore INR

Defense – 86,400 Crore INR

Agriculture credit – 10,00,000 Crore INR

Income Tax Slab 2017-18

Total Income (Taxable Income) Net Tax
Below 3,00,000 INR 0
3,00,001-5,00,000 INR 5%
5,00,001-10,00,000 INR 20%
10,00,001-50,00,000 INR 30% + 10 % surcharge
50,00,001-1,00,00,000 INR 30 % + 15 % surcharge
OROP sheme

One Rank One Pension Scheme: OROP Review

OROP or One Rank One Pension Scheme is government pensioning reform movement introduced in 2015. It states that any individual who has retired from Indian Civil Services with the same rank are liable for the same amount of pension irrespective of the age of retirement.

OROP sheme

Why Was OROP Introduced?

This scheme was introduced to avoid a discrimination in pension received by soldiers who retired earlier and soldiers who retired more recently. The pension system is dependent on the last salary received and with the introduction of pay commissions salaries have increased over the time. Thus an Army General who retired in 2015 would get more pension than an Army General who retired 1982. The OROP helped bridge this pension gap. This Armed Forces pension scheme was extended to all Indian Civil Services.

What is OROP?: Example and Illustration

Suppose an Army Major has retired back in the late 1970’s. Assume possible pension amount to be 50% of the last drawn salary. Due to inflation condition that was seen over the years in the market, the pension of the Army Major increased periodically. Now an Army Major has retired in 2015. Due to inflation, the officer’s salary is already higher. After retirement, the Major is pensioned at the same rate of 50% of the last drawn salary. Thus the initial pension amount is much greater. This amount now increases over the years due to inflation. So the individuals of the same rank would have different pensions.

This difference in pension did not matter much in other government organizations. But in Armed Forces where the retirement age is less and the rank holds far greater importance, the difference in pension was striking.

Advantages Of OROP

  • The OROP Scheme compensated for the fact that soldiers retired at a much younger age than other citizens. Thus their monetary needs and dependency on the pension system is higher. In this case, OROP makes sure that soldiers who have retired with the same rank status get a fair pension and do not suffer due to inflation.
  • OROP Scheme helps early retired government personnel to gain the same advantage of pay commissions like the more recently retired government personnel. This stands especially in the case of Armed Forces.

Disadvantages of OROP

  • All Civil Services are liable to OROP causing a huge amount to be invested in government job sectors. Though this scheme profited ex-servicemen, the other citizens who work for government organizations are dissatisfied. Thus in later years, this may cause a public outrage, meaning that the government will have to comply with the needs of other pensioners and extend OROP for them. This will result in a huge amount of wealth being drained out.
  • Pensioning the Armed Forces according to the OROP Scheme has resulted in raising the Defence Pension Budget to increase by approximately 4700 crores. Over the years the inflation and introduction of pay commissions have caused the salary of Civil Services officers to increase. Thus periodically more money has to be invested by the government.

OROP News Updates

Rahul Gandhi and Kejriwal claims that Modi has been lying on OROP. According to them, Army officials were fooled by the name of One Rank One Pension Yojana. They are not receiving any updated pension. – Is this True?

No. People have started getting a higher pension from the June 16, as promised by the Government. For people to get the benefits of higher pension, they should have done a service of 20 years as commissioned officers, and 15 years for the rest categories.

What should one do if they are not getting the higher amount as promised in OROP Scheme?

Instead of going to banks, you should connect with your relevant command. They should be able to help you with this. Please mind the pension pay orders comes from the command, and banks have no role to play in it.

OROP Facts

One Rank One Pension was already in place in 1973 before Mrs. Indira Gandhi stopped it when she was the then PM of India.

Indian Congress ruled for almost 30 years but never implemented OROP back.

Narendra Modi, after almost more than three decades, re-implemented OROP.

Still, out of 20.6 lakh Army personal, nearly one lakh people are still deprived of getting benefits of OROP Yojana due to various limitations but Defence Minister Manohar Parrikar has promised to solve the issue as early as possible (hopefully by February end).

Was there any change made by the Indian Government in the proposed OROP scheme?

Yes, a little. Before coming to the power, Prime Minister Narendra Modi had promised that they would implement OROP when they come to power. Once Narendra Modi became the Prime Minister, he had to fulfill his promises. But in reality, it was a lot of burden for the Indian Government. So to reduce the burden, they made a small change. Those Army Men, who opted for voluntary retirement were kept out of the benefits under the scheme.

This could, however, backfire the Indian Government. Many Army men used to opt for voluntary retirement, once they reached the pension permissible stage. As a result, new recruitment was possible. Now to get the benefits of One Rank One Pension Scheme, Army personnel would wait until their service period gets over and not take any voluntary retirement.

Suicide over OROP Scheme

If One Rank One Pension Scheme was for the benefit of the Indian Army, why did the ex-Jawan opt for suicide?

Subedar Ram Krishna Grewal, an ex-Army personnel, had taken retirement in 2004. Before the OROP scheme was implemented, he was getting a pension of Rs. 14,000 every month. Post OROP implementation, he was entitled to receive Rs. 28,000 INR per month. However, he only received Rs. 23,000 INR (Rs.5,000 less than what he should have got).

When he approached the SBI bank, the bank officials could not help him. As a result, he wrote a letter to the Defence minister Mr. Manohar Pariker, and committed suicide the very next day.

When enquired, it was found that due to a technical glitch, the bank showed miscalculated amount. Centre had already made all the clearance from their side.

bhim app

BHIM App: All You Need To Know (Bharat Interface For Money)

“Technology is the power given to the poor”, declared Narendra Modi after he took yet another grand step with the introduction of the BHIM app in the Digi Dhan Mela. BHIM stands for Bharat Interface For Money, and is the new Android app which will play a vital role in cashless transactions in the wake of a new India post demonetisation.

bhim app

How does BHIM work?

The BHIM app is available on the Android as of now, but slowly it will be utilized in every device to make cashless payments through a Unified Payment Interface (UPI). Transactions done through BHIM app is free of processing charge. However, transaction cost will be levied by the user’s bank.

Benefits of BHIM App: How It Is Different From Other Apps

BHIM employs great flexibility with 30 major banks in its menu. For a transaction to be successful via BHIM app both the sender and the receiver should have a UPI enabled bank account. Then an account can be made in the app using only the registered mobile number. BHIM cannot be compared to other mobile wallet apps. In mobile wallet apps, the user has to transfer some amount of money to the app and then make cashless payments. But BHIM provides a direct link to the bank account as it works via UPI. So the money can be transferred to an account holder not having BHIM app, but only a UPI enabled account. Another advantage of BHIM app is that it does not require the account number of the receiver to complete transfer of money. When the bank enables UPI with an account a Virtual Payment Address (VPA) is generated in the form “[email protected]_name”. This VPA or the bank IFSC and MMID code is required for money transfers.

Installing And Using The BHIM App Step By Step

  • After downloading this app an account has to be created in BHIM for all transactions in your desired language (English and Hindi in the starting pack).
  • Then a 4-digit password is to be created and the app will ask for permission to send SMS and read receipts.
  • After allowing the app to continue, it will verify your phone number and scan data from all bank accounts linked to it.
  • Then listing all your bank accounts it will ask you to select any one account with UPI linked to it. If you do not have a UPI linked account you will require the last 6 digits of your visa debit card and the card expiry date to link BHIM to your bank account. Then a UPI pin number will be automatically generated. Then there are three methods of money transfer and either one can be used:
  1. VPA of the beneficiary
  2. QR code
  3. IFSC and MMID code.

Download BHIM app for Android – Link here

Different Modes Of Transactions In BHIM App

The UPI code or VPA mode demands that the beneficiary should also have a UPI enabled account. In the case of QR code transfers, the QR code needs to be scanned for a certain amount of money as chosen by the user for transactions. Then the amount transferred will be deducted from that money. The absence of either of the two options will require the bank IFSC and MMID codes for transactions to be done.

Success Rate Of BHIM App

Ever since its introduction by Narendra Modi, the BHIM App has been a very successful. It has been one of the most downloaded apps for financial transactions. Reviews say that BHIM app has revolutionized the form of digital payments. This app aims at changing the outlook of people towards cashless transactions and has so far been successful. Even though there were a few complaints and queries raised because an app with a new interface takes time to get used to, but most people were satisfied with the app. It is easy to download and has a user-friendly design which still continues to attract more and more customers.

national pension scheme

National Pension Scheme: How To Open NPS Account?

As the name implies, National Pension Scheme is a most popular retirement scheme. First, it was launched for employees who do receive any kind pension. Later on, it was made accessible to every resident. Pension fund regulatory and development authority (PFRDA) is an autonomous body behind this retirement scheme.

You must pay the contributions on regular basis. This way, you will earn significant interest on accumulated amount. You can enjoy the corpus after turning 60. Interestingly, this scheme lets you invest in share market and bond market. And the best part, you have the option to adjust the percentages of investments in different markets. Either you can appoint the fund manager or do it yourself!

national pension scheme

NPS Scheme: PPS Tier I & Tier II

Technically, the National Pension Scheme features three types of accounts:

  • Tier I: Under this type, subscribers are not allowed to make withdrawals before retirement. Secondly, all government employees are obliged to invest 10% of their salary towards National pension account.
  • Tier II: Under this type, you have complete freedom regarding investments and withdrawals. But you must own a regular Tier I account if you want to enjoy benefits of Tier II.
  • Swavalamban Account: We can ignore the efforts of Indian government for encouraging saving spirit among people. Under the type, every subscriber will receive an additional contribution of Rs. 1000 per annum for first four years. This step was taken to empower people with weak economic standing.

Open NPS Account Online Using PAN or Aadhar Card

Any individual residing in India,  between 18 – 60 years is eligible to apply for National Pension Scheme. Thanks to authorities, the registration process is easier than ever. One can use the PAN or Aadhar card to complete the registration. You can go for offline or online registration.

Registration At

You can register online for NPS at the official website of NPS trust ( You must arrange following things for online registration:

  • Aadhar card or PAN. The Aadhar Card must feature your current mobile number and address. Remember, every detail has to be correct.
  • A bank account with internet banking services or credit/debit card.
  • A scanned copy of your photograph with size of 4 kb – 12 kb.

Open National Pension Scheme Account With Aadhar Card

Here are the essential steps to complete the registration successfully:

The first Step to open NPS account

First off, please visit the eNPS web page (

Click on the Registration Button. But you must read the guidelines mentioned on the left side.

The next page will display a lot of option about preferences. You must go through each option and choose wisely.

The first row shows options for New Registration, Complete Pending Application, and Printout of the completed application. If you are a new investor, tap on the first option.

Next, choose the option of Individual Subscriber. For your employees, the option of Corporate Subscriber is there.

Second Part

Next, you need to pick the account type. In either situation, the registration for Tier I account is compulsory. If you want to withdraw corpus any time, go for Tier II account too.

Next, you have to complete the authentication process. If you have provided the details of Aadhar card, the One Time Password will be forward to your registered mobile number.

Next page asks for your personal details. Most of the details are taken automatically from your Aadhar card. You have to mention your father’s and mother’s name. Also, please mention the mobile number for OPT authentication in future for your NPS account. This page also demands email and PAN ID, etc.

After submitting the data, you will receive the acknowledgment slip. Please save it, as you will need it to access the application.

FInal Step : NPS Account Opening

The next page will receive the contact details from your Aadhar.

Now, you have to provide bank details. The same bank account will be used to pay contributions in future.

Next, you have to provide Nomination details.

At the same page, you must choose fund manager and investment modes (auto or active).

We are almost done, next page will ask for photo and signature. In the case of Aadhar, the system will fetch the photo automatically.

Next, choose the contribution amount. The minimum contribution for Tier I and Tier II are Rs. 500 & Rs. 1000 respectively.

After that, you will reach the payment gateway. The system utilizes the SBI ePay gateway. You must opt for the debit card to avoid transaction charges.

Once payment is done, you will receive the Permanent Retirement Account Number (PRAN).

Next, download the application form. Attach the passport size photo, sign it and send it at the following the address.

Central Recordkeeping Agency (eNPS)

NSDL e-Governance Infrastructure Limited 1st Floor, Times Tower,

Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013

That’s it!

Open NPS Account Using PAN Card

In case you are using PAN Card for registration, the above-cited process will be needed. Just the authentication will be done using your PAN and name of the Bank. Here, Bank will do the KYC in place of you. That’s it!

Did I miss anything on National Pension Scheme

Registration of NPS account is easier than ever. You don’t have to stand in line for hours at NPS offices. Not only registration, but you can also make a contribution via eNPS portal.

Raising Grievances Regarding NPS

Grievances can be raised against NPS if there is an error in the allocation of PRAN or there are certain problems arising in case of withdrawal of funds. While raising a grievance, the individual has to login to the official NPS portal with their ID and password. The grievance can also be submitted physically, but it is best to raise it online for better flexibility. If you are raising a grievance, the NPS site will ask for the appropriate details like the nature of grievance or whether it is a reminder to answer any previously raised query.