-The Hindu The failure of Narendra Modi's infrastructure plan reflects the larger failure of the Indian imagination, a mindless enumeration of ideas that have little or no bearing on Indian reality. When much of what is built is a half-baked imitation of disparate items tried and tested elsewhere, it becomes hard to fault Mr. Modi. If the recent image of Prime Minister Narendra Modi swinging on the jhula with Chinese President Xi...
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This transaction is still incomplete -Erica Field, Charity Troyer Moore, Rohini Pande, Natalia, Rigol and Simone Schaner
-The Indian Express Earlier this month, the ministry of finance announced that over 50 million new bank accounts have been opened and 17 million debit cards issued since the launch of a bold new plan to grant financial access to the poor. Prime Minister Narendra Modi announced this initiative, called the Pradhan Mantri Jan Dhan Yojana (PMJDY), in a speech in August. Its ultimate goal is to reach 150 million unbanked...
More »A workforce on the move, literally -S Chandrasekhar
-The Hindu Business Line The number of people commuting between rural and urban areas and across geographies has risen dramatically In the last couple of decades, the number of people commuting between rural and urban areas on a daily basis has seen an explosive growth. This includes unskilled workers without a fixed place of work. According to the National Sample Survey Organisation, between 1993-94 and 2009-10, India saw a nearly fourfold increase (from...
More »Will the ‘Jan’ get their ‘Dhan’? -Akansha Yadav & Sowmya Kidambi
-The Hindu Business Line Opening bank accounts in rural areas is all very well, but biometric frauds are a serious possibility The ambitious Pradhan Mantri Jan Dhan Yojana (PMJDY) aims at bringing millions of rural Indians within the financial mainstream by opening bank accounts. In 2006, the Reserve of India, recognising that a majority of rural Indians had little or no access to banking services, allowed banks to use third-party, non-bank agents...
More »Jan Dhan Yojana: Many questions remain -Ishan Bakshi, Nitin Sethi & Surabhi Agarwal
-The Business Standard Against NDA's 75 million target, UPA added 61 million in 2013-14 The government's financial inclusion scheme, Pradhan Mantri Jan Dhan Yojana, is an empty shell at the moment. The government heralded its achievement of clocking 15 million new bank accounts under the scheme by Thursday and looked ahead to the target of achieving 75 million accounts by January 2015. In fact, given that the UPA government added an additional 60.9...
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