Jharkhand becomes first state to implement Direct Benefit Transfer in Kerosene

Posted on:04 Oct 2016 09:18:04
Jharkhand becomes first state to implement Direct Benefit Transfer in Kerosene
04 October 2016 Current Affairs: Jharkhand became India’s first state to implement Direct Benefit Transfer (DBT) in Kerosene on 1 October 2016. The scheme is being implemented in four identified districts of the State namely Chatra, Hazaribagh, Khunti and Jamtara.

In a statement, Petroleum and Natural Gas Ministry said that under the DBT Scheme, PDS kerosene is being sold at non-subsidised price and the subsidy is being transferred to consumers directly into their bank accounts. This initiative is aimed at rationalising subsidy and plugging the leakages.

The scheme aims at eliminating subsidised Kerosene from the supply chain for targeting the beneficiaries and end pilferage and black-marketing. It also aims at cutting down adulteration of cheap cooking and lighting fuel with diesel.

The government had plans to implement the Direct Benefit Transfer (DBT) in Kerosene in 33 districts identified by 9 State Governments by 1 April 2016. The identified states were namely, Chhattisgarh, Haryana, Himachal Pradesh, Jharkhand, Madhya Pradesh, Maharashtra, Punjab, Rajasthan and Gujarat.

But the date of its implementation was pushed back due to problems like lack of bank accounts and it’s seeding with Aadhaar number, which didn’t allowed government in creating biometric database of beneficiaries.

As a part of this scheme, implementing States will be given fiscal incentives equivalent to 75 % of subsidy saved in the first two years, 50 % of subsidy saved in third year and 25 % of subsidy saved in 4th year.

 

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs December 2017

12 DECEMBER
NEWS
11 DECEMBER
NEWS
10 DECEMBER
NEWS
9 DECEMBER
NEWS

Current Affairs November 2017

30 NOVEMBER
NEWS
29 NOVEMBER
NEWS
28 NOVEMBER
NEWS
27 NOVEMBER
NEWS

Current Affairs October 2017

31 OCTOBER
NEWS
30 OCTOBER
NEWS
29 OCTOBER
NEWS
28 OCTOBER
NEWS