India moved a step closer to implementing cash transfers of direct subsidies and social welfare payments after a high-level panel presented the blueprint for effecting it through an Aadhaar-based payment gateway. Accepting the report, which details how all payments and cash transfers can be made electronically, finance minister Pranab Mukherjee indicated that it will be the key to plug leakages and ensure more targeted spending under the government’s social welfare programmes. The...
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Make e-payment for big sums, to cut graft: Nandan Nilekani, chairman- UIDAI
-The Economic Times A panel headed by Nandan Nilekani, chairman of the Unique Identification Authority of India, has suggested all government payments above Rs 1,000 be gradually made or received electronically to cut graft, and bring about greater transparency and accountability. The panel has also recommended creation of a network of 10 lakh interoperable micro-ATMs operated by business correspondents to allow people to access their accounts at their own convenience and said...
More »Groom stands by raped bride by Rasheed Kidwai
A village wedding in Madhya Pradesh stood out for one reason on Tuesday: the groom had chosen to go ahead with the marriage after learning the bride had been raped two days earlier. The groom, a Class XII dropout and farmer, told this newspaper that it was his duty to stand by the bride and fight her battle for justice together. “It is a testing time for her for no fault of...
More »Nilekani team moots ATMs for payments via Aadhaar
-The Business Standard A Nandan Nilekani-led task force on an Aadhaar-enabled unified payment infrastructure has recommended setting up a network of one million interoperable micro-ATMs across the country. The ATMs will be operated by business correspondents. The task force, headed by the Chairman of Unique Identification Authority of India, submitted its report to Finance Minister Pranab Mukherjee on Thursday. The panel has suggested that in order to set-up this network quickly, a last-mile transaction...
More »Dr Abhijit Sen, Member-Planning Commission of India, interviewed by Ajay Vir Jakhar and Paranjoy Guha Thakurta
Dr Abhijit Sen is Member, Planning Commission of India. He is a Ph.D. in Economics from the University of Cambridge (currently on leave as Professor of Economics at the Jawaharlal Nehru University) and has also taught at the Universities of Sussex, Oxford and Cambridge. Besides serving various think tanks in the states and at the centre, Dr Sen has been a consultant with UNDP, ILO, FAO and various other multilateral...
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