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...

The finance ministry may have amended the Prevention of Money Laundering Rules, 2005, to notify Aadhaar as adequate to meet KYC norms for opening bank accounts, putting it alongside other identity proofs, but banks are still confused Is a unique ID number or Aadhaar number issued by the Unique Identification Authority of India (UIDAI) enough to satisfy the so-called know-your-customer (KYC) norms that banks have to ensure every account they open...

The finance ministry has put its seal of approval on a proposal to directly transfer subsidies to the bank account of a beneficiary that is linked to her Aadhaar, or unique identification (UID) number. The government has previously articulated its desire to experiment with direct transfers to make its management of subsidies more efficient and ensure benefits actually reach the targeted people. In a notification issued on Tuesday, the finance ministry extended...

-The Hindu   India will support the removal of food export restrictions for humanitarian purposes during the annual meeting of the International Monetary Fund (IMF) and World Bank in Washington later this week. The Finance Minister, Mr Pranab Mukherjee, will attend the two-day meeting on September 23-24. According to the agenda note prepared for the meeting, India has welcomed the recommendations of the Development Working Group (DWG) of the Agriculture ministerial. One of these...

Seeking information under the Right to Information (RTI) Act is all set to get easier. Adding a “smart” layer to the process of applying for information, the Karnataka Government has decided to set up a business process outsourcing centre to handle all applications, enquiries, and even billing. Streamlining the entire process through a website and a call centre, this project, which is pending Cabinet approval, will simplify the current application process...