-The Times of India The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country — involving disbursement of Rs 500 crore — about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs). A comptroller...
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Questions for Mr. Nilekani-SG Vombatkere
-The Hindu The architects of the unique identification scheme are yet to provide satisfactory answers to concerns about data security The Aadhaar scheme of the Unique Identification Authority of India (UIDAI) is to provide India’s billion-plus people with a unique identification number. Enrolment is not mandatory, though it was mentioned that it would be difficult for people to access public services if not done. The scheme requires individuals to provide their photograph,...
More »The land of the unfree-Baradwaj Rangan
-The Hindu With every passing controversy, we’re learning to redefine our rights, says Baradwaj Rangan This is the story of two YouTube videos. The first one came up bare hours before I sat down to write this, and it featured an actor, a producer, a director announcing to a media gathering that he was now homeless in every sense. His new production, the one that had sucked up his life’s savings, still...
More »How To Waive Crores Goodbye -Lola Nayar and Panini Anand
-Outlook UPA’s populist trumpcard of 2008—the farm loan waiver—has fallen short of its intended target, as a CAG audit throws up The Scheme 2008 Union finance minister P. Chidambaram announces farmer debt waiver and relief scheme in budget; PM Manmohan Singh writes to beneficiaries “seeking their support” Rs 52,275 cr Total money that was disbursed to eligible farmers across the nation as part of loan waiver scheme Rs 50,000 The loan...
More »No More Juice To Squeeze-Panini Anand
-Outlook Hapur: Its benefit to farmers was well touted. The reality of the loan waiver is less creditable. In the early hours of a foggy morning in the sugarcane belt of western Uttar Pradesh, produce-laden bullock carts move about in Rasoolpur village, Hapur district, about 50 km from Delhi. As good a spot as any to gauge the impact of the ambitious loan waiver scheme for farmers announced by the UPA-I...
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