New Delhi : Putting a final lid on the Planning era, the Niti Aayog is gearing up to launch the three-year action plan from April 1 after the end of 12th Five Year Plan on March 31.
Under the new system, sources said states will be encouraged to meet the targets of various schemes or face the prospects of drying up of the fund flows.
“The 12th five years plan is coming to an end on March 31. The three-year action plan to be unveiled this month will come in force from April 1, which will also end the prevailing system of the centre patiently waiting (for) the state governments to implement the schemes.
“Now, you either meet the target or you will face the prospects of the fund flow drying up,” a senior NITI Aayog official said.
The official said, “We have patiently waited for the state governments to adopt a number of reform oriented legislative bills. But our experiences have largely been negative…
therefore, the reform agenda arrived at after consensus will need to be adopted by them, and the states doing so will get incentives”.
NITI Aayog has also been entrusted the work on the 15-year Vision Document and a seven year strategy, which would guide the government’s development works till 2030.
Artificial intelligence (AI) will become the primary way banks interact with their customers within the next three years, according to three quarters of bankers surveyed by consultancy Accenture in a new report.
Four in five bankers believe AI will “revolutionise” the way in which banks gather information as well as how they interact with their clients, said the Accenture Banking Technology Vision 2017 report, which surveyed more than 600 top bankers and also consulted tech industry experts and academics. Artificial intelligence — the technology behind driverless cars, drones and voice-recognition software — is seen by the financial world as a key technology which, along with other “fintech” innovations such as blockchain, will change the face of banking in the coming years.
More than three quarters of respondents to the survey believed that AI would enable more simple user interfaces, which would help banks create a more human-like customer experience. “The big paradox here is that people think technology will lead to banking becoming more and more automated and less and less personalised, but what we’ve seen coming through here is the view that technology will actually help banking become a lot more personalised,” said Alan McIntyre, head of the Accenture’s banking practice and co-author of the report.
“(It) will give people the impression that the bank knows them a lot better, and in many ways it will take banking back to the feeling that people had when there were more human interactions.”
PRIVACY CONCERNS
The top reason for using AI for user interfaces, cited by 60 percent of the bankers surveyed, was “to gain data analysis and insights”. But worries over the privacy of data were cited as the top challenge, with one in three also saying that the fact users often prefer human interactions could also be a problem. The report also found that, while the number of human interactions in bank branches or over the phone was falling and would continue to do so, the quality and importance of human contact would increase.
“What you’re going to get on the bankers’ side is access to far better information, and that’s going to allow them to understand what your needs are and what the advice is that they need to give you,” said McIntyre. Banks’ advisory arms are an area considered one of the ripest for technological innovation.
“The advisory business of banking is a very costly model, and artificial intelligence can help to manage the data and to scale the advisory model in a way that was unforseeable before,” said Roberto Mancone, Deutsche Bank’s global head of disruptive technologies and solutions.
Parliament passed a bill that seeks to decriminalise suicide attempt by mentally ill people and provides for the right to better healthcare for people suffering from mental illness. ‘The Mental Healthcare Bill’ also has a provision to protect and restore the property right of the mentally ill people, Health Minister J P Nadda said in the Lok Sabha, just before it was passed by the House by a voice vote.
All the amendments moved by the opposition members were defeated. The Rajya Sabha had passed it in August last year with 134 official amendments. The bill provides for decriminalising suicide attempt by mentally ill persons by making it non-punishable under the Indian Penal Code.
It also focusses on community-based treatment and provides for special treatment for women. The bill seeks to ensure health-care, treatment and rehabilitation of persons with mental illness “in a manner that does not intrude on their rights and dignity.” While replying to a debate on the bill, Nadda described it as a “patient-centric” measure and said there was a need to empower the patients so that they could secure proper treatment.
The legislation has been brought after wider consultations with the stakeholders, he said. “There were consultations at the regional level, as well at the Centre. After consultations with the stakeholders the bill was sent to the Standing Committee and post amendments it came to Rajya Sabha.” Most of the suggestions of the Standing Committee were accepted by the government, the Health Minister said. Around 29 members participated in the discussion and almost all of them extended support to the bill.
Stating that the 1987 Mental Act was institutionalised, the minister said that in the present bill, instead of the institution, the focus was on the community. The bill is a “progressive legislation” and intends to take care of everyone in case of any exigency, he said.
Describing the bill as “historic”, the Health Minister said with the support of all, “we can develop the mental health services.” There was a need to take care of the health and hygiene of the patients, he said, adding the right of a child with his/her mother will also be maintained.
Sterlisation would not be conducted on a person who is mentally ill, Nadda said, describing it as “an insane and inhuman act.” If the need arises, he said, NIMHANS (National Institute of Mental Health & Neuro Sciences) would be extended.
Responding to concerns expressed by some members over the safety of doctors in the wake of assault on a medico in Maharashtra recently by relatives of a patient, the Health Minister said instructions have been sent to the states that security of doctors should be ensured.
With regard to the issue raised by Congress MP Shashi Tharoor on the inclusion of “role model”, the Health Minister said there was no need to include it in the bill.
However, he said, the government will definitely look at it at its own level. Earlier, members cutting across the political spectrum supported the Metal Health Care Bill. NCP’s Supriya Sule said the Standing Committee has “walked an extra mile” to incorporate the suggestions of all stake holders.
BJD’s Bhartruhari Mahtab said this legislation is the only bill which received 124 amendments and almost all have been accepted by the government.
Highlighting the shortage of medics and paramedics, BJP member Heena Gavit said there are only 4500 doctors specialised in mental health when the requirement was 12,500 and 3000 nurses per one lakh patients having mental disorders.
She rued that the country does not have any Phd seat for research in mental health. She said there should be a proper mechanism to take consent of patients for their treatment and they should not be treated as an “experimental animals.” Sule wanted to know what would happen to the child after he/she turns the prescribed age.
Mahtab, along with Gavit and Sule, noted that the budget for the mental healthcare is abysmally low.
Sule also demanded inclusion of drug addiction and alcholism into the category of mental disease.
Supporting the legislation, Ravindra Babu (TDP) said, this was one of the “finest legislation” in last three years, but it mostly focuses on schirzophrenia.
K Vishweshwar Reddy (TRS) said while the earlier laws on mental health were “regulation centric”, the new bill is “patient-centric”.
Referring to Nobel prize winning mathematician John Nash, a patient of schizophrenia, who made fundamental contributions to game theory, Reddy said, at least he had support of his family. The movie ‘A Beautiful Mind’ was based on his character.
“Although he had severe disabilities, he also had other capabilities,” he said. The TRS MP said the bill should have taken care of property of patients suffering from mental health as “cruel relatives” may exploit them under this pretext. Supporting the legislation, Ratna Dey (TMC) demanded stringent punishment for doctors who falsify mental health cases.
Sebi on Friday banned Reliance Industries and 12 others from equity derivatives trading for one year and directed the Mukesh Ambani-led firm to disgorge nearly Rs 1,000 crore for alleged fraudulent trading in a 10-year-old case.
A company spokesperson said it will challenge the order. Reliance Industries has been asked to disgorge Rs 447 crore, along with an annual interest of 12 per cent since November 29, 2007, which itself would be more than Rs 500 crore, taking the total disgorgement amount to nearly Rs 1,000 crore.
The case related to alleged fraudulent trading in the F&O space in the securities of RIL’s erstwhile listed subsidiary Reliance Petroleum. In a 54-page order passed by Whole-Time Member G Mahalingam, RIL and 12 other entities have been prohibited from dealing in the “equity derivatives in the F&O segment of stock exchanges, directly or indirectly”. The ban will be in place for one year from today.
The 12 other entities are Gujarat Petcoke and Petro Product supply, Aarthik Commercials, LPG Infrastructure India, Relpol Plastic Products, Fine Tech Commercials, Pipeline Infrastructure India, Motech software, Darshan Securities, Relogistics (India), Relogistics (Rajasthan), Vinamara Universal Traders and Dharti Investment and Holdings.
Reliance Industries has been directed to disgorge the amount, along with interest within 45 days. Mahalingam said the directions are being passed after taking into consideration the magnitude of the fraud across the markets.
“I am inclined to pass certain directions against the noticees in order to protect the interest of the investors and reinstil their faith in the regulatory system,” the order said. “The noticees may, however, square off or close out their existing open positions.” The Reliance Industries group had earlier sought to settle the case, but Sebi had refused.
The proceedings in the long-pending case were expedited in the last few months.
Reliance Petroleum has been merged with the listed parent firm.
New Delhi : On a day domestic airlines decided to unitedly “ban” Shiv Sena MP Ravindra Gaikwad from flying on their aircraft for assaulting an Air India officer, the government said there was no law under which such proscription can be made.
Minister of State for Law, PP Chaudhary told a private television news channel that if a person commits a crime he can be punished but he cannot be prevented from flying.
“There is no such law that restricts a person from flying. If somebody has committed a crime, then you can punish him. But refusing a ticket is no punishment when there is no such law. And, to my knowledge, there is no such law,” Chaudhary said.
Earlier in the day, Minister of State for Civil Aviation, Jayant Sinha reportedly said the legality of the ban needed to be examined.
“We have to see if this action of the airlines is within the framework of law,” Sinha said.
However, airlines defended the move, saying imposing a a ban on a person from flying is very much within their jurisdiction.
Sources in Air India cited Chapter IV of Carriage by Air Act, 1972, which confers on the airlines the right to refuse a ticket to any person.
Sources also cited Rule 22 and 23 of the Aircraft Rules, 1937, to justify the ban on Gaekwad.
The rules state that “no person onboard an aircraft shall assault, intimidate or threaten, whether physically or verbally a crew member/ any person…which is likely to endanger the safety of the aircraft or of any person.”
As per Schedule VI of Aircraft Rules, 1937 such an offence is punishable with imprisonment for a term not exceeding one year or with fine not exceeding Rs 5 lakh.
Meanwhile, Gaikwad boarded Hazrat Nizamuddin-Rajdhani for Mumbai this evening. According to television news channel Times Now, Gaikwad boarded the train from Nizamuddin Railway Station here but disembarked at Mathura station complaining of chest pain.
Nagpur : A survey found that untouchability or other forms of discrimination on the basis of caste were still prevalent in 450 villages in Vidarbha region of Maharashtra, an RSS leader said today.
Caste-wise separate wells, temples and crematoriums still existed in these villages, said Deepak Tamshettiwar, Vidarbha `prant karyavah’ of RSS here today.
Tamshettiwar was addressing a press conference following the recently-concluded `chintan shibir’ of RSS at Coimbatore.
The survey was conducted by RSS volunteers, he said.
Implementation of the slogan `one well, one temple and one crematorium’ in villages was still a challenge, he said.
RSS volunteers were conducting awareness programmes on these issues, he said.