-MoneyLife.in The latest RBI KYC guidelines for opening new bank accounts make it a lot easier for common man as only one document would suffice as proof of identity and proof of residence The Reserve Bank of India (RBI) has come with modifications in KYC (Know Your Customer) guidelines. These modifications have been introduced as per the circular date 10 December 2012 (RBI/2012-13/322 DBOD.AML.BC. No. 65/14.01.001/2012-13). It is important to note that...
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States fail to spend Rs 30,000 crore allocated for rural schemes
-The Times of India Even as the government promised to dole out Rs. 99,000 crore for such schemes in the current fiscal, the states have failed to utilize nearly Rs 30,000 crore meant for various flagship programmes like Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). "In 2012-13, about Rs 99,000 crore are being given to the states for rural development programmes. The responsibility for spending money on these programmes is entirely...
More »Ram Sewak Sharma, Director General of UIDAI interviewed by Pratap Vikram Singh
-Governance Now An alumnus of IIT Kanpur, Ram Sewak Sharma is a 1978 batch Indian administrative service officer belonging to Jharkhand cadre. Sharma is praised for laying down IT infrastructure in Jharkhand. In his role as the director general of unique identification authority of India (UIDAI) Sharma is chauffeuring ‘Aadhaar-enabled service delivery’ which would result in saving huge financial resources to the public exchequer. In an interview with Pratap Vikram Singh,...
More »No need for hype but certainly a hope-Jairam Ramesh and Varad Pande
-The Hindu The Direct Benefits Transfer Initiative is the real tool against corruption that will ensure that the welfare state doesn’t degenerate into a farewell state We are grateful to Narendar Pani (Editorial page, “Cashing in on schemes for poor,” November 29, 2012) and Bharat Bhatti and Madhulika Khanna (Editorial page, “Neither effective nor equitable,” December 4, 2012) for starting a useful debate on the United Progressive Alliance government’s Direct Benefits Transfer...
More »States failed to spend Rs 29,760 cr on flagship programmes like MGNREGA & PMGSY: Jairam Ramesh
-PTI States have failed to spend Rs 29,760 crore under various flagship programmes during the last fiscal, Rural Development Minister Jairam Ramesh said today. He said during Question Hour in Rajya Sabha that Rs 10,993 crore remained unspent under Mahatma Gandhi Rural Employment Guarantee Act (MGNREGA) and Rs 5,859 crore under Indira Aawas Yojana (IAY). Funds to the tune of Rs 8,919 crore could also not be utilised under Pradhan Mantri Gram Sadak...
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