Beware the quantum computers
Today’s encryption technology will be putty in the hands of those running the post-quantum world. How equipped ...
Bihar Deputy Chief Minister and Finance Minister Sushil Kumar Modi - THE HINDU
Bihar has urged the Centre to permit money from Members of Parliament Local Area Development to be deposited in a special fund set up by the State government to tackle Covid-19 pandemic irrespective of the constituency.
Experts feel this model could be replicated across all States and two Union Territories (with State Assemblies) as this will provide additional funds to fight the virus.
As on date, there are a total of 542 members of Lok Sabha and 245 members of Rajya Sabha. If ₹2 crore or ₹3 crore for each MP is given to the fund, a sum of ₹1,574 crore to ₹2,361 crore will be available. Similarly, if ₹50 lakh is deducted from each of the 3,973 MLAs and 426 MLCs, an additional ₹2,200 crore will be available.
“We have deducted ₹50 lakh from Local Area Development fund of each of the Member of Legislative Assembly (MLA) and Member of Legislative Council) and transferred it the dedicated fund,” Sushil Kumar Modi, Deputy Chief Minister and Finance Minister of Bihar, told BusinessLine. The State has 243 MLAs and 75 MLCs and, thus, it managed to raise ₹159 crore to be deposited in the Corona Eradication Fund (CEF). The funds will be utilised for buying medicines, masks, kits, and other equipment
Modi informed that the Chief Minister of Bihar, Nitish Kumar, has appealed to the Prime Minister to modify the MPLAD scheme, so that a part it can be deposited in the dedicated fund. “This will enable State Government to spend for the State as a whole according to the requirement to fight Covid-19,” he said. A formal request letter in this regard will be sent to the Union Government.
Funds through MLALAD/MLCLAD and MPLAD are used by the representative for constituency-specific development activities. Quantum of fund varies from State to State. For example, Bihar provides ₹3 crore to its lawmakers while Delhi provides ₹4 crore. Many of the States provide ₹2 crore. While MLA’s LAD fund can be spent in his/her constituency, MLC can recommend for any part of the State.
Under MPLADS, each MP has the choice to suggest to the District Collector for works to the tune of ₹.5 crore per annum to be taken up in his/her constituency. The Rajya Sabha Members can recommend works in one or more districts in the State from where he/she has been elected. The nominated members of the Lok Sabha and Rajya Sabha may select any one or more districts from any one State for the implementation of their choice of work under the scheme.
Today’s encryption technology will be putty in the hands of those running the post-quantum world. How equipped ...
Rocketship’s Anand Rajaraman on getting pitches from places like Rameswaram and Patna
Bengaluru-based Archeron group plans to open five banks that are run entirely by AI and quantum technologies
Ably skippered by N Srinivasan, India Cements is upping its post-Covid-19 game by expanding capacity
Three-in-one: Passive debt funds come at a low cost and have high-quality portfolios. Some offer return ...
Trend in the rupee movement and Q4 earnings can give direction to the market
There is room for improvement in fund transfer options
Silver looks positive but lacks the higher volumes required to substantiate bullishness
Murder is a theme that is unlikely to darken and yellow with time, the writer Truman Capote had once said.
Expect the unexpected when musicians of different traditions come together for a duet
On Ugadi, the Telugu New Year Day, a chronicler recalls slices of an isolated year gone by and realises that ...
In her novel based on the life of Rani Jindan Kaur, author Chitra Banerjee Divakaruni crafts a hero for the ...
Marketers are padded up, sponsorship deals have been struck, and campaigns are rolling out. Now let the games ...
And what marketers can possibly do to bring it back in our lives
The agency has changed form over the years but its lustre has not dimmed
Media Factory has purchased the majority stake held by Sam and Lara Balsara of Madison World in Madison Media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor