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...
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Govt may allow FDI in multi-brand retailing by Surojit Gupta & Sidhartha
The government is looking at allowing foreign direct investment (FDI) in multi-brand retailing as part of a slew of measures to make India more attractive to overseas investors. Senior government officials told TOI that the thinking was that a gradual opening up would be a better strategy with global chains first allowed to open stores in metros, while wholesale cash-and-carry being limited to smaller towns and cities, at least for the...
More »FAO report makes strong business case for investing in women
If women in rural areas had the same access to land, technology, financial services, education and markets as men, agricultural production could be increased and the number of hungry people reduced by 100-150 million, FAO said today in its 2010-11 edition of The State of Food and Agriculture report. Yields on plots managed by women are lower than those managed by men, the report said. But this is not because women...
More »The UID Project and Welfare Schemes by Reetika Khera
This article documents and then examines the various benefits that, it is claimed, will flow from linking the Unique Identity number with the public distribution system and the National Rural Employment Guarantee Scheme. It filters the unfounded claims, which arise from a poor understanding of how the PDS and NREGS function, from the genuine ones. On the latter, there are several demanding conditions that need to be met in order...
More »Small enterprises ideal for producing quality seeds for farmers in poorer countries – UN
The United Nations Food and Agriculture Organization (FAO) said today that small seed enterprises are the best way of ensuring the availability and quality of non-hybrid seeds for food and animal feed crops in developing countries.In a newly-published policy guide, FAO cited World Bank data that showed that up to 50 per cent of crop yield increases come from improved seeds, while farmers’ access to quality seeds is a key...
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