-The Hindu It will bring many customers into banking fold: Andhra Bank CMD Hyderabad: Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold. The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks...

-The Hindu Adding fuel to fire, people haven’t received subsidy Kotkasim (Rajasthan): Mahipal Singh Yadav (31) is a contractual junior manager at the Kotkasim Gram Sewa Sahakari Samiti. Joining the cooperative, he had hoped, would be like any other job. However, since the direct cash transfer of kerosene subsidies scheme was piloted here, Mr. Yadav has found himself at the receiving end of people’s anger. The KGSSS operates five fair price shops (FPS) in...

-The Indian Express Under fire for her suggestion that a family of five could purchase a month’s ration of rice, wheat and pulses for Rs 600, Chief Minister Sheila Dikshit on Sunday claimed that her statement had been taken out of context. With the BJP cashing in on the criticism against Dikshit’s statement, the Chief Minister held her ground claiming that the critics had “failed to understand” the Delhi government scheme she...

-The Hindu A report prepared by the District Supply Officer (DSO), Alwar, highlights several areas where the pilot scheme falls short. Kotkasim: There are 25,843 ration card holders in Kotkasim district. However, Bank Accounts for the cash transfer have been opened only for 13,458 card holders – a little over 50%. Villagers asked to use their post office accounts, which were rejected as these accounts do not have online services. Other reasons...

-Outlook       After Odisha and Tripura, West Bengal has opposed the Centre's direct cash transfer to Bank Accounts of beneficiaries claiming it would lead to breakdown of the existing public distribution system and closure of the Food Corporation of India. "The basic objective of the public distribution system to arrest hunger among the poor will be defeated if the beneficiaries are provided cash instead of cheap food leading to closure of the...