-The Financial Express The banking sector has opened over three crore accounts in rural India as part of their financial inclusion drive. Compared to the number of rural households in the country of over 22 crore this is about 13 per cent. The government data upto March 31, 2012 also shows the extent to which the banking sector has to stretch to make the Aadhaar programme a success. The Aadhaar roll out of...

-The Hindustan Times Indians love slogans. So, since Independence, successive governments have offered catch lines to their electorates. Some slogans were inopportune because they were of dubious accuracy. Jawaharlal Nehru’s 1950s ‘Hindi-Chini bhai-bhai’ — Indians and Chinese are brothers — (even Nehru did not believe this), led to a battlefield defeat. The Congress’ 1975 Emergency-era ‘Indira is India and India is Indira’ and the BJP’s 2004 ‘India Shining’ were electoral disasters. Some...

-The Economic Times DOHA: India faces the risk of devastating drought as monsoon rains are likely to have a shortfall of 70% in the years ahead, as climate change shakes up global weather phenomena, recent research and experts at a global conference said. The risk of adverse changes in global weather is aggravated by the fact that international efforts to act against climate change have been blocked by deep divisions among the...

-The Times of India NAGPUR: The proposed direct cash transfer scheme of subsidy to beneficiaries will adversely affect 10 million tribals and poor people Vidarbha, said Kishore Tiwari of Vidarbha Janandolan Samiti (VJS), warning that if the scheme is implemented in Vidarbha, it will also cause massive deforestation. Tiwari has urged the Centre to suspend the scheme till its implications are not considered and legal status coupled with constitutional validity of Aadhar...

-The Hindu The direct cash transfer scheme launched a year ago in Kotkasim for providing kerosene subsidies has pushed legitimate beneficiaries out of the system The nondescript town of Kotkasim in the Alwar district of Rajasthan had its Peepli Live moment after it was chosen for a pilot experiment with “direct cash transfers” of kerosene subsidies. According to the district administration, the scheme led to net savings of 79 per cent in...