-The Indian Express Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study. A growth rate of more than 700 per cent in urban Customer Service Points (CSPs) over the last year points towards the latest trend of urbanisation among Business Correspondents (BCs). Although there is not much difference between growth...
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LIC to offer UIDs to 40 mn policyholders this year by Niladri Bhattacharya & Somasroy Chakraborty
To issue biometric cards to 50 million people every year for the next four years. Unique Identification Authority of India’s (UIDAI) plan to offer a unique identification number (UID) to every resident Indian is slated to get a fillip, with the country’s largest life insurer — Life Insurance Corporation of India (LIC) — saying it is ready to offer unique identification cards to its policyholders. About a year ago, LIC had signed...
More »Madurai chosen for rural pension scheme
-The Hindu Madurai has been chosen as one among eight districts in the country by National Bank for Agriculture and Rural Development (NABARD) for implementing a micro pension project for the rural poor. As part of the launch preparations, a stakeholders' workshop was held here on Monday. Representatives of State Bank of India (SBI), Indian Bank, Canara Bank, Indian Overseas Bank (IOB), Tamilnad Merchantile Bank (TMB), Union Bank of India (UBI), Pandyan...
More »Bill on ‘right to privacy' in monsoon session: Moily by J Venkatesan
“Right to privacy,” like other fundamental rights in the Constitution and statutory rights under various laws, will soon become a reality. Union Law Minister Veerappa Moily indicated that a bill in this regard would be introduced in the monsoon session. The Right to Privacy Bill (a copy is with The Hindu) is to provide for such a right to citizens of India and to regulate collection, maintenance, use and dissemination of...
More »The great land grab by Venkitesh Ramakrishnan
The farmers' agitation in Uttar Pradesh brings into focus the indiscriminate acquisition of land by the state for corporate-led development. ON May 19, three days before the formal observation of the second anniversary of the United Progressive Alliance government, Congress president and UPA chairperson Sonia Gandhi made a categorical announcement that in the monsoon session of Parliament scheduled to begin in July the ruling coalition would bring in legislation that...
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