-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...
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Food Security Bill a game-changer?-NC Saxena
-The Business Standard Food insecurity and hunger are rooted in bad policies, faulty design, poor governance and a lack of political will According to the latest Global Hunger Report, India continues to be in the category of those nations where hunger is "alarming". What is worse, despite high growth, the hunger index in India between 1996 and 2011 has gone up from 22.9 to 23.7. National Sample Survey Organisation data show that...
More »Govt must not ignore hurdles in DBT race -Ruhi Tewari
-The Indian Express As the government begins the second phase of rollout of Direct Benefits Transfer in 78 districts from July 1, it would do well to look back at the rather shaky experience of the scheme's implementation in the past six months, and whether it is in fact prepared to bring in more areas under the scheme's ambit. The ambitious plan, that aims at eliminating middlemen and ensuring money reaches beneficiaries...
More »South tops in bank access; Maharashtra, Gujarat below national average
-The Times of India NEW DELHI: Southern states have emerged on top on financial inclusion parameters, while the East and some of the developed states of the West - including Gujarat and Maharashtra - are below the national average. A new index on financial inclusion released by ratings and analytics firm Crisil on Tuesday showed that Puducherry topped the list, followed by Chandigarh and Kerala. In fact, most of the top slots...
More »Why is UPA in hurry over Food Security Bill: Mamata
-PTI Bankura: West Bengal Chief Minister Mamata Banerjee on Saturday asked why the UPA government was in a hurry to legislate the Food Security Bill when its continuance was in doubt, while denying that Trinamool Congress was opposed to it. "Congress is saying that they are going to pass the National Food Security Bill and the Trinamool Congress is obstructing it," Ms. Banerjee told a panchayat election meeting here in Bankura district. "You...
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