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A 'Cost-Benefit' Analysis of UID-Reetika Khera

-Economic and Political Weekly A cost-benefi t analysis by the National Institute of Public Finance and Policy of the benefits from Aadhaar integration with seven schemes throws up huge benefi ts that are based almost entirely on unrealistic assumptions. Further, the report does not take into account alternative technologies that could achieve the same or similar savings, possibly at lower cost. Reetika Khera (reetika.khera@gmail.com) is at the Institute of Economic Growth on...

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Government pushes banks to go rural, but will it pay?-Swati Pandey and Rajendra Jadhav

-Reuters RANCHHODPURA, India (Reuters) - Working out of a tiny rented room furnished with a wooden table, small biometric authentication machine and shelf stacked with passbooks, Ganesh Dangi is a one-man bank for a village of 650 people in northwestern Rajasthan. A business correspondent, or local representative, for State Bank of Bikaner and Jaipur (SBBJ) in Ranchhodpura village, 40 km (25 miles) east of Udaipur, Dangi is racing to sign up villagers...

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Aadhaar-linked DBT hits roadblock in East Godavari -Mohammad Ali

-The Hindu Only 75% of MGNREGS workers have been enrolled; many without Aadhaar number denied access to benefits GOLLAPROLU (EAST GODAVARI, AP): The popular tagline for the Aadhaar-linked Direct Benefits Transfer (DBT) is Aam aadmi ka paisa, aam aadmi ke haath (People’s money in their own hands). The DBT pilot project was launched in East Godavari district of Andhra Pradesh earlier this month, with Union Rural Development Minister Jairam Ramesh hailing the scheme...

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Despite inflation slowing, government is still unable to rein in food prices

-The Times of India The bad news is hidden inside the good news. Seemingly comforting headlines tell us that inflation has hit a three-year low, with wholesale price increases slowing down to 7.2% in December. But the common man will take a hit with prices of food products shooting up by 11.2% - the highest increase in almost two years. Unlike in previous years, when increasing food prices were attributed to...

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If you think we're done with neoliberalism, think again-George Monbiot

-The Guardian The global application of a fraudulent economic theory brought the west to its knees. Yet for those in power, it offers riches How they must bleed for us. In 2012, the world's 100 richest people became $241 billion richer. They are now worth $1.9 trillion: just a little less than the entire output of the United Kingdom. This is not the result of chance. The rise in the fortunes of the...

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