-The Times of India LUCKNOW: The Samajwadi Party government in Uttar Pradesh has made women from poor rural background direct beneficiaries ofLohiaGrameenAwasYojana and has allotted Rs520 crore for the scheme to provide shelter to homeless rural populace of the state, which would be launched today. War widows need not even confirm to the income criteria to be beneficiaries under the scheme. People who are not yet on the list of BPL survey...
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Banking on hope -Sagnik Dutta
-Frontline How far will the proposed women's bank help marginalised sections when women's SHGs get little support and find it hard even to open accounts in public sector banks? WHILE the recent announcement of a women's bank in the Union Budget has been touted as a progressive measure for the financial inclusion of women, no concrete measures have been forthcoming to make all existing public sector banks sensitive to the needs...
More »Speedy generation of Aadhaar needed to roll out cash benefit transfers before 2014
-The Economic Times The government wants to roll out cash benefit transfers throughout the country before the end of its term in 2014. It is a laudable goal, but will require speedy generation of Aadhaar, the unique identification number, and of Aadhaar-linked Bank Accounts. About 40% of Indians have no access to formal financial services. So, the government wants to step up efforts to open a bank account for every beneficiary and...
More »RBI dismisses money-laundering charges
-PTI The Reserve Bank on Thursday sought to downplay the money-laundering allegations against three private sector banks, saying the country has a "perfect" system to prevent such offences and that not a single such transaction took place in the sting operation. The country's three largest private banks -- ICICI bank, HDFC Bank and Axis Bank -- were last week accused of indulging in money laundering both within and outside with an online...
More »All the way to the ground-KP Shashidharan
-The Indian Express An accountability framework is critical for flagship schemes In his budget speech, the finance minister gave the assurance that all flagship programmes of the government would be adequately funded. The government pours substantial funds into 70 Centrally sponsored schemes. In 2011-12, an amount of Rs 1,88,573 crore was allocated for the implementation of 13 development programmes, such as the MGNREGA, PMGSY, NRHM and JNNURM, under the auspices of nine...
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