-The Business Standard Are these people expected to return to their villages and hometowns to hang around waiting for the Unique Identification Authority of India to set up shop? Workers returning to their jobs in metros from remote villages in Bihar and Jharkhand have lately been complaining that they are barred from boarding trains unless they show sufficient identification, including proof of residence in cities. Whether this is a run-up to the...
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No need for hype but certainly a hope-Jairam Ramesh and Varad Pande
-The Hindu The Direct Benefits Transfer Initiative is the real tool against corruption that will ensure that the welfare state doesn’t degenerate into a farewell state We are grateful to Narendar Pani (Editorial page, “Cashing in on schemes for poor,” November 29, 2012) and Bharat Bhatti and Madhulika Khanna (Editorial page, “Neither effective nor equitable,” December 4, 2012) for starting a useful debate on the United Progressive Alliance government’s Direct Benefits Transfer...
More »Luis Henrique Paiva, secretary of National Secretariat of Citizenship Income (SENARC) by Rema Nagarajan
-The Economic Times Even as India gears up for Cash transfers aimed at its poorest, Brazil has been running the Bolsa Familia (BF) Cash transfer scheme, widely credited with helping cut inequality by 17% in five years, reducing Brazil's poverty rate from over 40% to 28.8%. BF is run by the National Secretariat of Citizenship Income (SENARC) of Brazil's ministry of social development. Luis Henrique Paiva, secretary of SENARC, spoke about...
More »As farmers suffer, NABARD offers soft loans to corporates-Shalini Singh
-The Hindu Private companies get loansat 6.5% with additional cash refunds; for farmers it is 7% The National Bank for Agriculture and Rural Development (NABARD), which is dedicated to promoting rural development by providing soft loans to State governments for social sector projects, has given hundreds of crores as loans to corporates on concessional terms. In the Union Budget of 2011-12, Rs. 18,000 crore was allocated by the Centre to NABARD’s Rural Infrastructure...
More »At 3 crore rural accounts, banks set global record
-The Financial Express The banking sector has opened over three crore accounts in rural India as part of their financial inclusion drive. Compared to the number of rural households in the country of over 22 crore this is about 13 per cent. The government data upto March 31, 2012 also shows the extent to which the banking sector has to stretch to make the Aadhaar programme a success. The Aadhaar roll out of...
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