The Union government’s plan to recapitalize 40 of the 82 regional rural banks (RRBs) is at risk as some of the state governments are either delaying or refusing to pay their share of money. Due to this, the government has only been able to recapitalize around 12 RRBs, with the stakeholders collectively infusing Rs. 300 crore. The cabinet had approved the Rs. 2,200 crore recapitalization plan of 40 RRBs in February,...

-The Economic Times   The Planning Commission has raised questions about the administrative structure of the Nandan Nilekani-led Unique Identity Authority of India (UIDAI) and called for the appointment of an independent financial advisor to monitor its finances and transactions, days after the finance ministry rejected the authority's Rs 15,000 crore funding proposal. "The UIDAI's present system represents a major departure from government procedures and removes all inbuilt checks and balances. We...

Media Reports The UID Aadhaar project planning and system design shortcomings and security risks at the national (or macro) level have been discussed elsewhere.1 The present article views the Aadhaar project at the system operational level, with practical considerations based on observed and probable functioning at the service delivery end. Consider the following report in a local daily, The Mysore Bugle: Food riots: PDS outlet vandalised Mysore: August 2, 2015—The PDS outlet in Ashokpuram...

Itself the outcome of a bottom-up movement, the Jan Lokpal bill ironically proposes a centralised framework against graft. Without checks and balances. There was never any doubt that India needs a strong Lokpal Act. The protest has paved the way for its enactment. With the exultation over the anti-corruption campaign’s ‘victory’ quieting down, it’s time to take stock. Nuanced arguments—and indeed substance—have to recover lost ground to take the discourse...

In line with finance minister Pranab Mukherjee’s budget announcement on Monday that the government is looking at direct cash transfers as an alternative to the current subsidy on kerosene and fertilizers and to prevent leakages, the Unique Identification Authority of India (UIDAI) is planning to open Aadhaar-linked bank accounts for the purpose. These can be used for other financial transactions as well. The authority is in the process of empanelling banks...