-The Hindu Providing access to credit likely to be a hard step For Prime Minister Narendra Modi's newly launched Jan Dhan Yojana to be successful, India needs to provide over 100 million households access to banks, data show. An even harder step, however, is likely to be access to credit. As of March 2012, the most recent year for which relevant Reserve Bank of India (RBI) statistics are available, India had over 900...
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PM Narendra Modi launches Jan Dhan Yojana; to focus on combating financial untouchability
-The Indian Express In his speech, PM Modi said that opening Bank Accounts is a step towards joining economic mainstream. Launching his government's first big ticket social welfare programme, the Pradhan Mantri Jan Dhan Yojana, Prime Minister Narendra Modi on Thursday gave a call for eradicating what he termed as "financial untouchability" of the poor by opening at least one bank account for every family in the country in less than...
More »Ashok Gulati, former chairman of the Commission for Agricultural Costs and Prices, and at present chair professor agriculture, the Indian Council for Research on International Economic Relations, speaks with Sandip Das
-The Financial Express From allocating extra foodgrains to states as a means to fight the price rise to setting up a high-level committee to recommend measures for restructuring the Food Corporation of India (FCI), the government has taken various steps for cutting down food subsidy and curbing further spike in agricultural commodity prices. From allocating extra foodgrains to states as a means to fight the price rise to setting up a high-level...
More »Learning from NREGA -Jean Drèze
-The Hindu Business Line Corruption in NREGA works has steadily declined in recent years. There are important lessons here that need to be extended to other domains One neglected aspect of the debate on the National Rural Employment Guarantee Act (NREGA) relates to the process aspects of the programme. In the process of planning works, organising employment, paying wages or fighting corruption, many valuable activities take place: Gram Sabhas are held, workers...
More »Thousands of MGNREGS workers jobless in Theni
-The Hindu Reason: inordinate delay in sanctioning of funds by Centre Theni (Tamil Nadu): Thousands of labourers, who registered their names with the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), in rain-fed and drought-prone areas of the district are jobless due to the inordinate delay in sanctioning of funds by the Centre. The delay has not only stalled ongoing works but also affected implementation of new ones, according to officials in village...
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