The Union government’s plan to recapitalize 40 of the 82 regional rural banks (RRBs) is at risk as some of the state governments are either delaying or refusing to pay their share of money. Due to this, the government has only been able to recapitalize around 12 RRBs, with the stakeholders collectively infusing Rs. 300 crore. The cabinet had approved the Rs. 2,200 crore recapitalization plan of 40 RRBs in February,...
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Education subsidy plan misses target by Prashant K Nanda & Remya Nair
An ambitious scheme to make higher-education loans more attractive to poor students has failed to meet its target because of inadequate marketing and lack of coordination among various agencies. The scheme, launched in 2010 by the human resource development (HRD) ministry, gives full interest subsidy (a student will not have to pay the interest for the loan he or she avails) to students from families earning less than Rs.4.5 lakh a...
More »Smart card: A solution for public distribution system problem by Anil Swarup
The government of India's Rashtriya Swasthya Bima Yojana (RSBY)a¦ is now internationally recognised for its innovative approach to harnessing information technology to reach the poor, says the World Bank in the context of the smart card-based cashless health insurance scheme. The RSBY has now been picked up by UNDP as one of the 19 schemes worldwide for its publication, Sharing Innovative Experience: Social Protection Floor Success Stories. About 20 million...
More »Shailesh Gandhi, Information Commissioner interviewed by Priyanka
Information Commissioner Shailesh Gandhi sold off his business in 2003 to do something relevant. The Indian Institute of Technology-Mumbai alumnus soon became a prolific user of the Right To Information Act and filed more than 800 RTI applications. He was appointed the Information Commissioner at the Central Information Commission, New Delhi, in 2008. In this freewheeling interview with rediff.com's Priyanka, Gandhi says that appellants must understand that law describes 'information' as something...
More »Munda raps Plan panel poverty index
-The Telegraph Chief minister Arjun Munda today slammed the poverty benchmark fixed by the Planning Commission. “The poverty yardstick is faulty and will put a poor state like Jharkhand at a great disadvantage,” the chief minister told The Telegraph. “How can a person survive on Rs 32 daily in urban areas and Rs 26 in rural areas? Munda asked and sought a central review for the sake of the poor. The fear in...
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