-The Hindu Mumbai: The Reserve Bank of India's committee on comprehensive financial services for small businesses and low-income households headed by Nachiket Mor on Friday said that the Aadhaar process was adequate to enable every Indian to get a bank account by January 1, 2016. "Target is dependent on our perception of what is happening to Aadhaar. The bank account target is really an electronic target, as we have articulated it....
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Have bank accounts for all by Jan 2016: RBI panel
-PTI MUMBAI: Recommending sweeping changes in the banking structure, an RBI panel on Tuesday suggested setting up of specialized banks to cater to low income households to ensure that all citizens have bank accounts by 2016. It also suggested that facility for withdrawal, payment and deposit should be set up within a 15-minute walking distance anywhere in the country. "By January 1, 2016 each resident, above the age of 18, would have an...
More »Failing to build on success -CP Chandrasekhar and Jayati Ghosh
-The Hindu Business Line Whatever the criticisms against the UPA government may be, its effort to provide employment to large sections of the population under the Mahatma Gandhi Rural Employment Guarantee Act must be lauded. Yet, after the initial success of the scheme, the enthusiasm of the Central government itself seems to have diminished in its second term in power. How palpable is the shift to lower gear? Representatives of the UPA...
More »Rs 27 crore cash seized during assembly polls in Delhi -Pradeep Thakur
-The Times of India NEW DELHI: The Aam Aadmi Party (AAP) spent Rs 18 crore in Delhi polls and bagged 28 seats. What could have been the expenditure of other political parties is still in the realm of speculation as none has declared their expenses yet. The flying squads of Election Commission and Income Tax had seized Rs 27 crore of unaccounted cash during Delhi polls from political workers, who mainly...
More »Prescribe and swipe, Doc. All prepaid -GS Mudur
-The Telegraph New Delhi: Many doctors across India have been offered prepaid cash cards as gifts by drug industry representatives over the past three years to try and influence prescriptions for patients, pharmaceuticals sales executives have said. While drug companies have long used largesse as "brand reminders" for doctors, a prepaid cash card leaked by an industry whistleblower appears to be the first evidence to suggest doctors are also being offered cash...
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