-The Telegraph Former chief minister Buddhadeb Bhattacharjee today blamed Mamata Banerjee’s recent expressions of intolerance towards critics on her “lack of self-confidence”. He described as “paglamo (madness)” the new government’s curbs on co-operative banks’ loan recovery processes, saying it would “destroy” such banking systems. Asked during a TV interview about his successor’s frequent admonitions to the Opposition to keep mum and allow the new government to work, Bhattacharjee said: “It’s not just the...

Finance minister Pranab Mukherjee ushered in a regime of cash transfers for the payment of subsidies for food, fertilizers and kerosene, along with social welfare payments, by accepting the recommendations of a panel headed by Nandan Nilekani, chairman of the Unique Identification Authority of India. The recommendations, submitted last month, had prepared a blueprint for transferring cash directly into the bank accounts of the beneficiaries by linking these to their unique...

-The Indian Express   Finance Minister Pranab Mukherjee today announced Rs 1,00,000 crore increase in the agriculture credit target to Rs 5,75,000 for the next fiscal and raised the outlay for farm sector by about Rs 3,000 crore. "Agriculture continues to be a priority to the government. The total plan outlay for agriculture and cooperation has been increased by 18 per cent from Rs 17,123 crore in 2011-12 to Rs 20,208 crore in...

One of the key factors to inclusive growth is financial inclusion for all. Financial inclusion refers to universal access to a wide range of banking solutions and financial services in a fair, predictable and transparent manner at affordable costs. The poor tend to be ignored because the transaction costs in serving them are high. Initiatives that reduce these costs will allow service providers to begin thinking of financial services for...

A tectonic shift in the global climate negotiations got underway with the African group of countries siding with India in demanding that equity and 'common but differentiated responsibilities' be embedded in the talks for a future climate regime. The re-alignments became evident with several key groups of nations submitting their views on how countries should increase their ambition levels for cutting emissions in the coming years. The submissions from Association of Small...