-The Hindu The National Bank for Agriculture and Rural Development (NABARD), whose funding of corporate warehousing projects on terms far softer than those offered to poor and often suicidal farmers was highlighted by The Hindu last month, has withdrawn its controversial scheme with retrospective effect under pressure from the Reserve Bank of India. The minutes of a meeting of the sub-committee of the NABARD Board held last month confirm that the RBI...
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Business by other means -Ajoy Ashirwad Mahaprashasta
-Frontine Walmart’s disclosure that it spent huge amounts of money on lobbying in India and the allegation that it entered the retail sector through indirect means highlight the power of global capital in dictating the country’s policies. The world’s largest multi-brand retailer Walmart’s disclosure to the United States Senate that it had spent $25 million (Rs.135 crore) since 2008 on its various lobbying activities, which include enhancing access to the Indian...
More »Rapists on prowl in loo-less rural Bihar -Madan Kumar
-The Times of India PATNA: At least 400 women and adolescent girls in Bihar would have escaped rape in 2012 had the state government provided toilets to all the households in the state under the Centre-sponsored Total Sanitation Scheme (TSC), now christened Nirmal Bharat Abhiyan (NBA). That's official - sort of. According to police records, rape cases averaged 980-odd every year in Bihar between 2006 and 2011. In the year just gone...
More »Government plans to introduce direct cash transfer for food subsidy in 6 UTs and ‘willing states’-Urmi A Goswami
-The Economic Times The government plans to introduce direct cash transfer for food subsidy in six Union Territories and 'willing states' for PDS scheme, taking a key step to plug leakages in welfare schemes. In the pilot project, expected to be rolled out from April, beneficiaries will receive the subsidy amount in their bank accounts, and will buy rice and wheat from the fair price shops. The fair price shops will sell...
More »Inside the Direct Cash Transfer Debate-Udit Misra
-Forbes India A look at the crucial issues involved Over the past three years, India has vigorously debated the merits of having a Unique Identity (UID) number for each citizen and, allied with it, the move towards direct cash transfers (DCT) of subsidies (like food, fuel and fertilizer) and social security endowments, like pensions and scholarships. On January 1, India took its first steps towards UID-enabled direct cash transfers. But the move has...
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