Should they be targeted? Should they go to individuals or households? Are conditionalities necessary? Without a full consideration of these issues, Cash Transfers will remain an expensive gamble Having worked on Cash Transfers for over 25 years, and being an economist, I find recent criticisms of the idea shrill and ill-informed. Only a right-wing ideologue would call them a panacea or a cure-all. They would merely be a vast improvement on...

-The Indian Express The UPA is banking on Cash Transfers as a political tool, but it must concentrate on programme design The Congress has been congratulating itself on its newly announced direct Cash Transfer scheme — P. Chidambaram described it as a game-changer, Sonia Gandhi declared it nothing short of revolutionary, and Rahul Gandhi reportedly claimed that “Aapka Paisa, Aapke Haath” would bring the party generous political dividends. The Congress may have...

-The Economic Times The oil ministry may raise prices of diesel by Re 1 a litre or that of cooking gas by Rs 100 to neutralise the impact of its plan to increase the supply of subsidised cylinders to households, government officials said. "A Re 1 hike in diesel prices would generate about Rs 8,000 crore a year, which is sufficient for three additional cylinders in a year. About Rs 100 hike...

-The Hindu It will bring many customers into banking fold: Andhra Bank CMD Hyderabad: Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the Cash Transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold. The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks...

-The Hindu Chennai: Union Finance Minister P. Chidambaram said the Cash Transfer scheme, aiming at crediting subsidy amount directly to the bank accounts of beneficiaries, would be fully implemented throughout the country by December 2013. “Beneficiaries of 39 schemes will get their money transferred to their bank accounts directly,” Mr. Chidambaram said, while participating in the centenary celebrations of former Assembly Speaker S. Chellapandian on Sunday. He said the “your-money-in-your-hands” scheme would...