-The Telegraph Shillong: The Union cabinet today approved the implementation of a "comprehensive telecom development plan" for the Northeast where thousands of uncovered villages would be connected. The proposal entails an estimated expenditure of Rs 5,336.18 crore and the plan will be funded through the Universal Service Obligation Fund (USOF). "The USOF would fund capital expenditure (Capex) and operational expenditure (Opex) net of revenue for a period of five years," an official communiqué...

-Deccan Chronicle On August 15, Prime Minister Narendra Modi announced the Pradhan Mantri Jan Dhan Yojana, a financial inclusion scheme that will ensure that at least one member of each and every family in India not only has a bank account with a debit card, but is also provided an overdraft facility of Rs 5,000, a life insurance policy of Rs 30,000 and accident insurance cover of Rs 1,00,000. On August...

-The Indian Express At a high-level meeting in July itself, Modi set a target of one billion Aadhaar enrolments "at the earliest". Putting to rest speculation about the fate of the previous UPA government's most ambitious scheme - issuing Aadhaar cards and linking all benefits to this unique identity - the NDA government has given it a decisive push with Prime Minister Narendra Modi himself taking a keen interest in its rollout. At...

-The Hindu   The reassuring message in the Pradhan Mantri Jan Dhan Yojana is that in pursuing its economic objectives, the government wants to accord an important role to the public sector even while relying on market mechanisms The goal is hard to achieve. It is costly and unviable. It will create huge stresses in the banking system. The Narendra Modi government's Pradhan Mantri Jan Dhan Yojana (JDY), an ambitious scheme for financial...

-The Business Standard Like Indira Gandhi, even Narendra Modi seems to be relying on directing public-sector banks through ministry of finance supported by party cadres. How new is that? Narendra Modi's biggest project so far is Pradhan Mantri Jan Dhan Yojana (PMJDY), an aggressively promoted idea to open bank accounts. The English media ran full-page ads and TV commercials to announce the scheme that is supposed to reach largely rural households. It...