MHA needs Rs 3,50,000 cr for internal security, border guarding in 2020-25

NEW DELHI: The Home Ministry has projected a budgetary requirement of more than Rs 3,50,000 crore for internal security, mordernisation of police forces and other related responsibilities during 2020-25.This was conveyed by Home Minister Rajnath Singh to Chairman of the 15th Finance Commission N K Singh here recently, officials said today.The ministry has projected budgetary requirement of more than Rs 3,50,000 crore for the period 2020-2025 for internal security, central armed police forces, police modernisation , border security, disaster management and Union Territories, a ministry official said.A detailed memorandum will be submitted to the Finance Commission later.A presentation was made during the meeting which stressed that the responsibilities of the Home Ministry have increased manifold that include diverse and varied internal security challenges, even though public order and police are constitutional responsibilities of state governments.The capabilities of states alone are not adequate to meet the threats of insurgency and terrorism which have national and international links, the official said.The home minister has pointed out that his ministry also has other challenges that include improving sense of security amongst the public, making vulnerable sections such as women and children safer, improving effectiveness of police, meeting cyber threats, providing immediate relief and rehabilitation during natural disasters etc.He said due to concerted and coordinated efforts of the central government and the state governments, there has been a significant and steady improvement in the overall security situation in the hinterland, in the Northeastern states and in the areas affected by Left-Wing Extremism.The Home minister said relentless efforts are needed to be made continuously in order to consolidate the gains and spread successes in the new areas.The Finance Commission was briefed about the various schemes being implemented by the Home Ministry, which require continued capital expenditure such as modernisation of police forces, Crime and Criminal Tracking Network and Systems (CCTNS), immigration, visa, Foreigners Registration and Tracking (IVFRT), coastal security, border infrastructure, integrated check posts, another official said.The commission was conveyed that further capital investment is also required to make appropriate use of new technologies for cyber security, border management etc, the official said.

April 22, 2018 07:18 UTC

Deposits in Jan Dhan accounts cross Rs 80,000 crore

NEW DELHI: Total deposits in Jan Dhan accounts crossed Rs 80,000 crore mark with more people joining the flagship financial inclusion programme, according to official data.The deposits, which have been steadily rising since March 2017, were at Rs 80,545.70 crore on April 11, 2018, said a finance ministry data. Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts had come into focus during the demonetisation period when the deposits witnessed a meteoric rise.The latest report of the World Bank titled Global Findex Report, 2017 released last week cited the success of the Jan Dhan Yojana India's financial inclusion efforts have won recognition from the World Bank as their data indicate that 55 per cent of new bank accounts opened are from India, Financial Services Secretary Rajiv Kumar had said.The deposits increased in the later part of November 2016 to over Rs 74,000 crore from about Rs 45,300 in the beginning of the month as people rushed to deposit the scrapped currency notes of Rs 500 and Rs 1,000, as per the government data.Thereafter, deposits in the accounts dipped before picking up again in a steady manner from March 2017.It increased to Rs 73,878.73 crore in December 2017 , to Rs 75,572 crore in February 2018 and further to Rs 78,494 crore last month.The number of people joining the financial inclusion programme too is on rise.The number of account holders increased to 31.45 crore on April 11, 2018 from 26.5 crore at the beginning of 2017. As per the data, the number of such account holders was 25.51 crore on November 9, 2016, the day demonetisation came into effect.Director-Business Services of AISECT Abhishek Pandit said the impact of note ban on Jan Dhan accounts can be gauged from the fact that "the average deposits in such accounts operating through our banking kiosks stood at Rs 480 per account before demonetisation, which increased to Rs 1,095 per account after that".AISECT has set up over 1,400 banking kiosks across rural and semi-urban India to promote financial inclusion.Launched in August 2014, PMJDY is a national mission for financial inclusion to ensure access to financial services - banking/ savings & deposit accounts, remittance, credit, insurance , pension.As per the Global Findex Report, adult bank account holders in India increased to 80 per cent in 2017 as compared to 53 per cent in 2014 and 35 per cent in 2011, Kumar had said.Women at the forefront, he said, highlights a sharp fall in gender gap from 20 per cent in 2014 to 6 per cent in 2017 in bank accounts due to government's efforts.The report acknowledges impact of government policy in reducing gaps in bank account ownership between rich and poor to 5 per cent in 2017, down from 15 per cent in 2014, he added.The report noted the rapid increase in financial inclusion that has taken place in India and how the number of account holders in the country has risen from 35 per cent of the adults in 2011 and 53 per cent in 2014 to 80 per cent in 2017.

April 22, 2018 06:00 UTC