-The Business Standard A CACP study shows how the Fisc, rising farm wages and international forces are stoking inflation It's good to see that independent thought is still present in the government. When one part of the government comes out with a serious and objective piece on how the government itself has been responsible for creating food inflation, hopefully the government is more likely to take note. The Commission for Agricultural Costs and...
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PM calls for improved delivery of DBT scheme-Ashok Dasgupta
-The Hindu The flagship programme will now include LPG subsidy Admitting that the UPA government's ambitious flagship Direct Benefits Transfer (DBT) programme had run into unanticipated "difficulties" since its roll-out in January this year, Prime Minister Manmohan Singh on Friday exhorted the departments concerned to renew efforts for its successful implementation. Dr. Singh pointed to the "unsatisfactory nature of tracking and monitoring" systems of the scheme which had the potential of "transforming...
More »Banks 'distrust’ Aadhaar for cash transfer scheme rollout -Nitin Sethi & Sidhartha
-The Economic Times In what could hobble the government's plans to give Aadhar a key role in Banking and a central pin of the direct cash transfer scheme, several state-run banks have refused to bear any liability for transactions done with customers that were authenticated through the unique identity (UID) mechanism. Banks and the Reserve Bank of India (RBI) had been convinced by the finance ministry to use Aadhar to fulfill the...
More »Aadhaar cards to have date of birth now -Vijay Pinjarkar
-The Times of India NAGPUR: Aadhaar cards given by the Unique Identification Authority of India (UIDAI) will henceforth have date of birth (DoB) too. Till now, more than Rs 2,000 crore have been spent on UID scheme and over 23 crore residents have enrolled for these cards. However, so far the cards did not bear date of birth because of which they were not acceptable as document for age proof. On December...
More »Kisan Credit Cards: Bad loan bubble waiting to burst?-Dinesh Unnikrishnan
-Live Mint Subsidized loans given to farmers through KCCs could very well be the next big source of NPAs for banks Mumbai: A surge in exposure to farm debt through Kisan Credit Cards (KCCs) could emerge as a risk for India's state-run banks, according to experts. Subsidized loans are given to farmers through KCCs by state-owned banks. Until March 2012, the outstanding amount on such loans was`1.6 trillion through 20.3 million cards, as...
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