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SBI to use BCs for farm loan recovery

-The Business Standard   Achieves total financial inclusion in Andhra Pradesh. State Bank of India (SBI) is planning to use the rural banking correspondent (BC) network for farm loan recoveries in addition to the services prescribed under the financial inclusion plan by the Reserve Bank of India. The SBI’s Hyderabad circle with operational jurisdiction extending to the entire state of Andhra Pradesh is one of the first to achieve total financial inclusion. It has...

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Govt yet to find answer to issue

-The Deccan Chronicle   As the year 2011 comes to an end, the ministry of rural development is yet to find answers to slippage within the National Rural Employment Guarantee Act (NREGA). However, Union rural development minister Jairam Ramesh gave a new approach by unveiling new policies for the Naxal-affected areas. Taking charge of the ministry later in the middle of the year, Mr Ramesh highlighted that the demand for the job...

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Parliamentary Standing Committee May Recommend Withdrawal Of UID Bill: Report by Nikhil Pahwa

A Parliamentary Standing Committee on Finance is set to recommend that the government withdraw the National Identification Authority of India Bill 2010, reports India Today, citing unnamed sources. The recommendation is to withdraw the bill and introduce another one, because members of the standing committee found the project directionless, and that the bill and the project are not acceptable in their present form, the report states. It doesn’t quite mention...

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NREGA's new avatar: Work later, take home cash now by Devika Banerji

The government is likely to allow advance part payment of wages in a bid to restore faith of beneficiaries in its flagship rural jobs scheme. The proposal is part of a slew of measures to address mounting criticism of the centrally-funded Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) which is beset by administrative logjam and charges of leakages.  The rural development ministry has asked states to initiate a monthlong pilot...

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Where development hasn’t quite reached by Bhamati Sivapalan and Yamini Deenadayalan

After being mired in controversies across the nation over multi-crore scams, the MGNREGA scheme hasn’t quite made headway in Bulandshahr district’s Anupshahr yet, say Bhamati Sivapalan and Yamini Deenadayalan “MGNREGA is a flop in Uttar Pradesh,” extended NGO worker Manish Sharma, as small talk, at the block development office of Anupshahr in the Bulandshahr district of Uttar Pradesh. Despite having been in force since 2005, the Mahatma Gandhi National Rural Employment...

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