-The Telegraph Guwahati: Apart from Tripura and Sikkim, enrolment for Aadhaar cards remains very low in the northeastern states, with Assam at the bottom of the list. According to figures available with the Unique Identification Authority of India (UIDAI), which handles the Aadhaar project, as on November 30, 2014, the percentage of enrolment against the total population was abysmally low in Assam - 0.3 per cent. The trend is not much better in...
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Cash transfers can work better than subsidies -Guy Standing
-The Hindu Providing people with a modest basic income instead of subsidies would save public revenue With oil prices falling, it was perhaps a good time to fade out fuel subsidies. All subsidies are inefficient and distortionary, and most are regressive. The same could be said of costly public works schemes as well. By contrast, the debate on direct benefit transfers has moved into a more sensible phase, with the posturing criticism of...
More »Andhra Pradesh identifies 2.28 mn farmer families for Phase I of loan waiver -Yogendra Kalavalapalli
-Livemint A total of 4.04 million Bank Accounts have been cleared for loan waiver that will benefit 2.68 million farmers Hyderabad: Andhra Pradesh on Thursday finalized the norms for loan waiver for farmers and identified 2.28 million families as beneficiaries in the first phase of what it called a "debt redemption scheme". Loans will be written off in two phases, Andhra Pradesh chief minister N. Chandrababu Naidu said at a press briefing....
More »Only 48 per cent of Indian adults have access to Bank Accounts: Report
-PTI NEW DELHI: Only 48 per cent of Indian adults have Bank Accounts and nearly half of them lie dormant, says a report. According to a nation-wide survey on financial behaviour, India has the highest account dormancy rate even more than countries like Kenya, Tanzania, Uganda, Nigeria, Pakistan and Bangladesh. The survey compiled by the Financial Inclusion Insights programme, operated by global strategic research consultancy InterMedia and supported by the Bill & Melinda...
More »Jan Dhan: Inclusion scheme excludes most -Vrishti Beniwal
-Business Standard Restricts scope of life insurance cover to bring down burden on the exchequer The government has started applying exclusion principles to its inclusion scheme, the Pradhan Mantri Jan Dhan Yojana (PMJDY). The life cover of Rs 30,000 announced by Prime Minister Narendra Modi for all those opening a bank account under the scheme will now exclude many. The finance ministry has put several riders for defining one's eligibility for a life...
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