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RBI Report on Financial Inclusion: A Review-R Viswanathan

-Economic and Political Weekly   It is debatable if the report of the Reserve Bank of India's committee on comprehensive fi nancial services - the Nachiket Mor Committee - offers practical solutions for extending Banking services to the poorer sections of society and small businesses. The committee's recommendations are largely conceptual, and some of them could even have serious negative consequences. It is to be hoped that the RBI will examine all...

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India Grows Close to 270 Million Tonne Fruits and Vegetables

-Press Information Bureau (Ministry of Agriculture) With a production of 269 million tonnes in 2012-13, the horticulture sector has emerged as a major contributor to the food basket of the country. Horticulture production grew by more than 8% during the last decade. As compared to the production of 257 million tonnes in the previous year and 215 million tonnes about five years ago, there has been significant jump in the horticulture production,...

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Food subsidy can fill poverty gap, twice-Puja Mehra

-The Hindu Union Finance Minister P Chidambaram's estimate for India's 2014-15 food subsidy bill of Rs 1,15,000 crore in the interim budget is more than twice of India's Poverty Gap, or the cost of pushing all households above the poverty line if cash transfers were used instead. The Poverty Gap for India, as per the latest NSSO Consumption Expenditure Survey data available (for the year 2011-12) is Rs. 55,744 crore. A...

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Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS), 2008

-Press Information Bureau (Ministry of Finance) Loan waiver to farmers was provided by the Central Government under Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS), 2008. Under the scheme, direct agricultural loans disbursed by Scheduled Commercial Banks, Local Area Banks, Cooperative Credit Institutions and Regional Rural Banks between 1st April, 1997 to 31st March, 2007 to farmers, which were overdue as on 31st December, 2007 and remained unpaid upto 29th February, 2008...

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Consumers can get LPG cylinders without Aadhaar account: Govt

-PTI   New Delhi: Subsidised LPG cylinders can be purchased without having an Aadhaar account, the government informed the Lok Sabha on Friday. A clarification on delinking Aadhaar account from disbursal of subsidised LPG cylinders would be issued within a week, Petroleum and Natural Gas Minister Veerappa Moily said during Question Hour. 'A clarification will be issued within a week,' he said. As far as Direct Benefit Transfer (DBT) is concerned, Cabinet has decided to...

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