-The Hindu Prompt payment through bank; corruption eliminated; in fact, some workers have a saving They are all manual workers earning Rs. 100 daily under the Mahatma Gandhi National Rural Employment Guarantee Scheme and some of them have a bank balance — no matter how small — made possible because of their financial inclusion and the introduction of technology that links their accounts biometrically through the Aadhaar number. As the new system ensures...
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PAN to be tool against tax evasion
-The Financial Express Come next financial year, the PAN card is likely to become the most potent tool for the Income Tax Department to unearth black money, tax evasion and instances of criminal financing in the country. A recent directive of the Central Board of Direct Taxes (CBDT) to the I-T Dept has asked its officials to launch a special drive against those who have "not furnished their PAN (Permanent Account Number)"...
More »Kisan credit cards to double up as Debit Cards by Dheeraj Tiwari
The nearly 10 crore farmers who hold kisan credit cards (KCC) will soon be able to use their card as a deposit account and a Debit Card. This will help the government scale up its financial inclusion plan quickly without relying on bank accounts alone. KCC, which has been instrumental in faster delivery of credit to farmers, is like an overdraft account with a bank that has to be operated through a...
More »Addressing India’s hunger gap by NC Saxena
The word ‘hunger’ does not appear in the 12th Plan Approach Paper even once, whereas according to the latest Global Hunger Index Report, India continues to be in the category of those nations where hunger is ‘alarming’. What is worse, India is one of the three countries where the hunger index between 1996 and 2011 has gone up from 22.9 to 23.7, while 78 out of the 81 developing countries...
More »India’s soil crisis: Land is weakening and withering by M Rajshekhar
In his fields, Badhia Naval Singh , a farmer tilling 8 bighas of land in the Bagli tehsil in Madhya Pradesh, has been seeing something strange for a while now. Earlier, if he pulled out a tuft of grass, he would see earthworms . "Ab woh dikhna bandh ho gaye hain (they don't show up any longer)," says the 45-yearold . Also, he says, when he ploughed earlier, the soil...
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