-The Times of India NEW DELHI: As the Centre stitches together its plan to roll out the direct benefit transfer (DBT) scheme, BJP-ruled Madhya Pradesh seems all set to achieve full coverage of some benefits through the scheme. The DBT scheme has been touted as a game-changer for the ruling Congress party in the lead-up to the general elections in 2014. Ironically, a BJP-ruled state seems to have taken the lead to...
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Department of Posts seeks Rs 1,900 crore from government for banking -Urmi A Goswami
-The Economic Times NEW DELHI: The government's earnestness to change the lives of millions untouched by high-street banks is being tested with a proposal from its own department of posts. Armed with an amazing network of offices, the department has sought Rs 1,900 crore from the Centre to launch a bank that would connect with the aam aadmi in Indian villages and far-flung areas where few institutional lenders have a presence. Financial...
More »More mines, fewer schools in former Maoist stronghold-Anumeha Yadav
-The Hindu Manoharpur (Jharkhand): Deep inside the Saranda sal forest, Thalkobad lies at the core of what was a CPI (Maoist) "liberated zone" in Jharkhand's West Singhbhum district along the Odisha border. Thalkobad, along with 24 other villages, was reclaimed by the Indian state after a massive military operation - Operation Anaconda-I in August 2011 to destroy the CPI (Maoist) Eastern Regional Bureau and several training camps inside Saranda. The village...
More »Reforms’ unintended fallout -Ashoak Upadhyay
-The Hindu Business Line A mint-fresh working paper by the Reserve Bank of India once again trains the spotlight on a problem that, for five decades, every policy-maker has planned to snuff out, failed to, and then wished it would go away if ignored. But financial exclusion simply hasn't, and we now have the central bank applying its forensic skills to an examination of its magnitude. The title of Working Paper Series...
More »NABARD shifts blame for corporate warehousing scheme to FinMin, RBI-Shalini Singh
-The Hindu In the eye of the storm for funding corporate warehousing projects on terms far softer than those offered to poor farmers, the National Bank for Agriculture and Rural Development (NABARD) is now blaming the Ministry of Finance (MoF) and the Reserve Bank of India (RBI) for the transgressions. Following a story in The Hindu, (‘As farmers suffer, NABARD offers soft loans to corporates, ' December 10, 2012), NABARD came under...
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