-TheWire.in An investigation into the scheme's operations in eight districts by the state accountant general has revealed leakages in several areas of the scheme, from the identification of beneficiaries to the production amounts, transport and quality control. New Delhi: A recent report by Madhya Pradesh’s accountant general has revealed large-scale corruption in several stages of the state’s free nutrition scheme for women and children – the Take Home Ration (THR) scheme, according...
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At India’s Climate, Finance and Policy Intersection, Big InFRA Remains King -Amitanshu Verma
-TheWire.in * As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world’s coal investments. * A 2021 report found that ICICI, the State Bank of India, Axis Bank, Trust Group and HDFC were among the fourth-biggest group of financiers of coal-based projects worldwide. * Indian commercial banks’ large-scale investment in Big InFRA has exposed the Indian people’s savings and personal investments to...
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-The Hindu Business Line The Centre should build on the success of PMJDY to promote other financial products for the lower sections of society As the Pradhan Mantri Jan Dhan Yojana (PMJDY) completes its eighth year, it is becoming increasingly clear that this is a rare State-initiated welfare scheme that has not just met but exceeded its initial promise. That the scheme has made a material difference to financial inclusion is evident...
More »It’s Time We Stop Blaming School Children for Their Supposed Weaknesses -Gopal Midha
-TheWire.in Meena was walking back from gym in her pink shorts when a gang of hoodlums on bikes passed lewd comments at her. She reached home and cried. Her parents listened to her hurt and then asked her to dress “more appropriately”. Rahim scored poorly once again in math and the teacher remarked, “I know this is your best effort, why don’t you take Arts after tenth?” Later, in the staff room,...
More »Public sector banks have ensured financial inclusion, finds a new empirical study
Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...
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