-The Times of India MUMBAI: The ration card - the government issued booklet for availing of subsidized food under the public distribution service - is set to lose its privileged status as a valid document for opening bank accounts. Aadhaar is now set to become the single universal document for opening a bank account in India. In a circular dated July 17 addressed to banks, the RBI said that it has revised...
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Poverty ratio declines to 21.9 per cent
-Press Information Bureau/ Ministry of Finance The Economic Survey 2013-14 presented by the Finance Minister Shri Arun Jaitely has asked policy makers to design and execute development strategies targeting the young population that was approximately 58 per cent in 2001 and will increase to more than 64 per cent in 2021. The Government has to take timely action to make people healthy, educated and adequately skilled. Social-sector expenditure Expenditure on social services...
More »The Planning Commission, in practice -Mihir Shah
-The Indian Express Despite the bureaucratic mindset, there are also tremendous positive effects. As speculation mounts by the day that the Modi government is thinking of winding up the Planning Commission, this is an opportune moment to reflect on the relevance of the institution in the context of a rapidly changing Indian economy and society. One way of classifying institutions is in terms of the balance between their potential positive power (PPP) and...
More »Delhi’s drainage, desilting and flood control a big fraud: CAG -Josy Joseph
-The Times of India NEW DELHI: Stuck on a waterlogged road, many of you would blame the monsoon for your misery. This report should dispel that notion. In its audit of Delhi's drainage, desilting and flood control measures, the Comptroller and Auditor General of India has unearthed systematic fraud and neglect, showing how taxpayers' money is virtually going down the drain. The report, which could be tabled in Parliament soon, reveals a...
More »UN agency urges greater national action to curb alcohol-related deaths, diseases
-The United Nations More than three million deaths in 2012 were linked to alcohol with a steady increase in alcohol use among women, the United Nations health agency today reported calling on Governments to do more to prevent alcohol-related deaths and diseases. The "Global status report on alcohol and health 2014" found that alcohol consumption increases people's risk of developing more than 200 diseases including liver cirrhosis and some cancers, as well...
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