-The Hindu It will bring many customers into banking fold: Andhra Bank CMD Hyderabad: Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold. The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks...

Should they be targeted? Should they go to individuals or households? Are conditionalities necessary? Without a full consideration of these issues, cash transfers will remain an expensive gamble Having worked on cash transfers for over 25 years, and being an economist, I find recent criticisms of the idea shrill and ill-informed. Only a right-wing ideologue would call them a panacea or a cure-all. They would merely be a vast improvement on...

-The Indian Express The UPA is banking on cash transfers as a political tool, but it must concentrate on programme design The Congress has been congratulating itself on its newly announced direct cash transfer scheme — P. Chidambaram described it as a game-changer, Sonia Gandhi declared it nothing short of revolutionary, and Rahul Gandhi reportedly claimed that “Aapka Paisa, Aapke Haath” would bring the party generous political dividends. The Congress may have...

-The Times of India Heir apparent Rahul Gandhi on Friday said a successful 'direct cash transfer' can power Congress to victory in the next two elections. "If we get this programme right, we will win the next two general elections," Rahul reportedly told a meeting of Congress chiefs of 51 districts where the cash transfer scheme is to be rolled out. The remark provided the bluntest evidence that Congress is banking on the...

-The Indian Express The Union Cabinet has reversed its July 2006 decision to limit the disclosure of file notings to certain issues and to exclude certain departments under the RTI Act. While the Cabinet decision is welcome, a major hurdle in the path of transparency in governance is yet to be addressed as file notings of the Appointments Committee of Cabinet (ACC), which clears appointments to more than 2,500 key posts...