develop_region: 
South-Asia
iso2: 
IN
iso3: 
IND
Continent: 
Asia
Official name: 
Republic of India

Innovations in social protection financing: Impact Bonds

Increasing focus on evidence-based solutions to global development issues calls for innovation in interventions in this space. There is also a need to crowd in private investment given the fiscal constraints faced by governments around the world in financing social protection and development. Impact Bonds can succeed in attracting investment and achieving a shift in policy dialogue to outcome-evaluation, evidence and accountability, although it remains a challenge to find outcomes that serve a policy purpose that are also relevant to investors. Impact bonds In recent years, Impact Bonds have started being discussed as a potential solution for certain kinds of social challenges. These bonds have been variously named as Social Impact Bonds, Development Impact Bonds, Pay-...Read more

Even as Union Women and Child Development minister Maneka Gandhi red-flagged the muchdebated conditional cash scheme for take-home rations and hot cooked meals provided at anganwadis, the Centre has decided to go ahead with a scaled down version of the project for the time being. Following a meeting of the National Council of Nutrition last week led by Niti Aayog chairperson Rajiv Kumar, it was decided that the Centre will initiate a pilot project in only two districts each in Rajasthan and Uttar Pradesh, ET has learnt.

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The Women and Child Development Ministry headed by Maneka Sanjay Gandhi announced that the employers of both government and private sector will be granted the salary for female employees during the period of their maternity leaves. According to the ministry's decision which was taken yesterday, the salary will be refunded for 7 of the 26 weeks of maternity leave.

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While the CPM has been vociferously expressing concerns on surveillance and privacy regarding the use of biometric-based identity, the state government’s proposed verification process of welfare pension beneficiaries will be based on biometric authentication. The verification process of around 42 lakh beneficiaries of social welfare pension in the state will be done using tablets enabled with Aadhar authentication facility through iris. The total cost for the project is estimated at Rs 23.6 crore.

 

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Haryana Chief Minister Manohar Lal Khattar has announced to raise social security pension by Rs 200 per month to Rs 2,000 per month, with the enhancement coming into effective Thursday. Old age pension, widow pension and Divyang pension have been increased to Rs 2,000 per month, said Khattar while addressing a gathering in Panipat on the occasion of Haryana Day, an official release said.

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The State government on Monday launched the first of its kind portal to facilitate direct benefit transfers of social schemes to lakhs of beneficiaries. MahaDBT will be a single-point platform for delivery of benefits, subsidies, and services of 39 schemes in the first phase. The schemes, which have already been put on the portal, are from the social justice, OBC/SBC welfare, higher technical education, tribal, school, sports, and minorities development departments, officials said.

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Of the 2.2 lakh people to whom the state government reached out as part of its programme to offer psycho-social assistance in the afternoon of floods, nearly 1.543 people had severe anxiety ande depression, needing medical help. Though the number may appear small, the authorities are of the view that there may be many more, who need long-term intervention. Considering this the government has decided to extend the programme and take it to the panchayat level. 

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National Council of Applied Economic Research, NCAER

NCAER’s roots lie in Prime Minister Nehru’s early vision of a newly-independent India needing independent institutions as sounding boards for the government and the private sector. Remarkably for its time, NCAER was started in 1956 as a public-private partnership, both catering to and funded by the government and private industry.  NCAER’s first Governing Body included the entire Cabinet of economic Ministers and the leading lights of the private sector, including names like C. D. Deshmukh, J.R.D. Tata, John Mathai, and Asoka Mehta.

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The Supreme Court on Tuesday said that the National Social Assistance Programme (NSAP) , which deals with pensions for elderly and other issues, was "prima facie" a good scheme but there were "huge gaps" in its implementation which needed to be filled. A bench of justices Madan B Lokur and Deepak Gupta said that the Centre must have a machinery to implement the scheme so that it could be known as to which authorities were doing their job properly. 

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The Haryana Government has enhanced the social security pension for the people of the state by Rs 200 per month. While giving this information, Haryana Finance Minister Capt Abhimanyu said as per the instructions of Chief Minister Manohar Lal Khattar all social security pensions had been enhanced by Rs 200 per month. This enhancement would be effective from November 2018. With the increase, beneficiaries under all social security pensions schemes would get a benefit of Rs 207 crore annually.

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