-The Economic Times The government wants to roll out cash benefit transfers throughout the country before the end of its term in 2014. It is a laudable goal, but will require speedy generation of Aadhaar, the unique identification number, and of Aadhaar-linked bank accounts. About 40% of Indians have no access to formal financial services. So, the government wants to step up efforts to open a bank account for every beneficiary and...
More »SEARCH RESULT
Total Matching Records found : 994
Urban slums data reinforces India’s consumption story-Neha Sethi
-Live Mint Indians who live in slums are not very different from those who live elsewhere, in terms of ownership of assets Indians who live in slums are not very different from those who live elsewhere, in terms of their ownership of assets, including consumer products and houses, although they may not have the same access to water and sanitation. The finding, reflected in Census 2011 data that was released on Thursday, reinforces...
More »Private banks reluctant about rural lending -Dinesh Unnikrishnan
-Live Mint Experts say private banks achieve lending obligations by buying out loans from non-banking entities Most private banks in India have not been able to meet the needs of farmers although they are expanding their rural and semi-urban branch network. This is why the Reserve Bank of India (RBI) is insisting that at least one-fourth of the branches of the new banks that will be given a licence must be located...
More »Jairam Ramesh incurs states' wrath over 'Homestead' Bill-Ullekh NP
-The Economic Times A Bill that envisages offering the rural poor right to land and a home has invited criticism from states for not consulting them and for being "impractical". Land is a state subject. The National Right to Homestead Bill, 2013 - drafted by a task force chaired by Union minister Jairam Ramesh -would offer a poor family in the country side right to a piece of land of not less...
More »India, other developing nations drive global economic growth: UN -Arlene Chang
-First Post While the average Human Development Index (HDI) for the region is 0.558, below the world average of 0.693, South Asia saw the highest growth in the index between 2000 and 2012, according to the United Nations Human Development Report 2013. The region registered an annual growth of 1.43 percent in HDI, the highest compared to other regions. It also said that the developing countries as a whole are driving the...
More »
