-The Hindu Direct cash transfer of subsidies through the Aadhaar card would be rolled out in 51 districts across 15 States from January 1, 2013, Union Finance Minister P. Chidambaram announced on Saturday. The scheme would aim to cover the entire country by the end of 2013, he said. Speaking at the annual Bankers’ Conference (BANCON), Mr. Chidambaram said banks would play an essential role in the direct cash transfer, as every...
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RBI Rules Out Introduction of Islamic Banking
-Outlook Kochi: Reserve Bank Governor D Subbarao today ruled out introduction of Islamic banking in the country but said other methods for channelising funds based on the principles of Islamic law can be looked at. "Islamic banking is not possible", he said, adding the central bank could look at other vehicles based on Islamic banking principles to channelise NRI funds. Replying to a question on the issue, Subbarao said: "There are some legal...
More »Pitfalls for subsidy targeting -Subir Roy
-The Business Standard Cash transfer is targeted at the poor, but Aadhaar has no role in identifying the poor The disbursement of subsidies through direct cash transfers is round the corner. It will begin in 51 districts in the new year, just over a month away, and in half the country in four months’ time. So it is important to ask: do we have the capability to take on this job,...
More »Delivering food to a billion people -Yoginder K Alagh
-The Hindustan Times India's food problem is bifocal. A fast growing democracy cannot continue to live with any more deaths due to hunger and malnutrition. Simultaneously, it has to resolve the problem of meeting the rapidly rising food needs of a growing economy or what is called food inflation, basically an inability to grow and deliver food adequately and efficiently to meet the rising and diversifying demand. Indians are good demand modelers....
More »NIPFP study says large returns expected from Aadhaar project
-PTI Integrating unique identification number project “Aadhaar” with various social sector schemes like rural employment guarantee programme and PDS, would yield rich dividends for the government, says a study. According to cost benefit analysis study done by the National Institute of Public Finance and Policy (NIPFP), the investment on Aadhaar project would provide a return of as high as 52.85 per cent to the government. Substantial benefits would accrue to the government by...
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