-The Economic Times The government will set up camps in educational institutions and villages to speed up enrollment of beneficiaries under direct cash transfer scheme, a finance ministry official said. Direct cash transfer, a method the government hopes will plug leakages and cut delays in transfer of subsidies to the poor, is to be rolled out in 51 districts in 15 states from January 1. Enrollment camps will be set up in schools...
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Open and shut-Ila Patnaik
-The Indian Express FDI in retail will bring competition to non-tradable services, and make Indian firms globally competitive India removed barriers to trade in goods in the 1990s. Removing protection brought global competition and raised productivity. But introducing global competition in services is harder. In certain services that are tradable, like legal or financial services, the removal of trade barriers can introduce competition and increase productivity. But these often involve complicated and...
More »2G: No Assessment by Govt on Presumptive Loss
-Outlook The government has not made any assessment on presumptive losses following the CAG report on the 2G spectrum issue, Parliament was informed today. "No assessment of the value of presumptive loss caused to the nation after the publication of CAG report in 2G spectrum matter has been made by the Government of India," Minister of State for Finance Namo Narain Meena said in a written reply in the Rajya Sabha. To a...
More »‘Substantially’ funded NGOs to make info public under RTI Act-Ashwani Sharma
-The Indian Express Shimla: In a landmark judgement having wider implications on government-funded NGOs and organisations run on public contributions, the State Information Commission (SIC) on Friday ruled that all “substantially” financed NGOs (receiving over Rs 1 crore from state or government grants) are public authority under the Right to Information (RTI) Act and must make their annual ‘income and expenditures’ public. In the Commission’s order, passed by a two-member bench of...
More »At 3 crore rural accounts, banks set global record
-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...
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