The total expenditure on central schemes for the poor and on the major subsidies exceeds the states' share of central taxes. These schemes are chronic bad performers due to a culture of immunity in public administration and weakened local governments. Arguing that the poor should be trusted to use these resources better than the state, a radical redirection with substantial direct transfers to individuals and complementary decentralisation to local governments...

-The Hindu Hyderabad: Self-help groups might have resulted in significant upward movement in the status and role of women in society, but a recent study reveals existence of casteism in the SHGs. Conducted across eight States covering a sample of over 1,942 groups, the study indicated that caste played a dominant role in the formation and functions of the SHGs. At least 29 per cent of the groups surveyed reported different etiquette...

-Outlook Jaipur: Describing the proposed Direct Cash Transfer scheme a 'pure magic' that brings a big responsibility on banks for its implementation, Finance Minister P Chidambaram today asked bankers to work with the government to make the scheme a success. "Through this unique benefit transfer scheme, money when it is released, will instantaneously be credited in the bank account of the beneficiary, leaving no scope for corruption and pilferage. That is why...

-PTI Parliament on Thursday paved the way for corporate houses to enter the banking sector by approving the banking bill, a key reform legislation pending for long. Parliament also passed the amendments to the debt recovery laws or Sarfesi law after a reply by finance minister P Chidambaram on the combined discussion on the two bills in Rajya Sabha. These two Bills -- Banking Laws (Amendment) Bill, 2012, and Enforcement of Security Interest...

-The Hindu Nationwide survey will be conducted to introduce a suitable shelter programme The government proposes to create an enabling environment for the social empowerment of the de-notified tribes so that they could utilise reservation benefits in education and employment. A nation-wide survey of de-notified tribes’ settlements is to be conducted to form the basis for introducing a suitable shelter programme for them. They could be entitled to free or subsidised housing under...