-The Times of India NEW DELHI: After the success with opening bank accounts and two insurance schemes, the government is lining up a major push for retirement savings under its Financial inclusion programme. The finance ministry has begun talks to rope in 1.5 lakh post offices along with kirana shops and chemists to sell pension plans with an assurance of minimum returns. Sources told TOI that the department of posts, which is...
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Lower spectrum cost, right of way for cheaper access to Internet -Nikhil Pahwa
-Hindustan Times During his town hall address at IIT Delhi, Facebook CEO Mark Zuckerberg said: “Those who don’t have access to the internet cannot sign online petitions.” But how can he decide what is best for them? Recent research by Amba Kak at the Oxford Internet Institute found that financially constrained users prefer buying shorter duration Internet plans (e.g. three days) with all access, as opposed to WhatsApp-only plans that are...
More »Ramesh Chand, Member, NITI Aayog speaks to Richa Mishra and Surabhi
-The Hindu Business Line The decline in share of cooperatives in total farm credit is a cause for concern and needs to be corrected, says Ramesh Chand, Member, NITI Aayog . An agriculture expert and a full-time member of the Aayog, Chand believes that Financial inclusion in the sector has three dimensions – geographical distribution of farm credit, more long-term credit, and larger role of cooperatives. In an interaction with BusinessLine, Chand...
More »Lower-cost crop cover on cards
-The Financial Express A new crop insurance scheme the Modi government is set to roll out shortly seeks to cap the premium paid by farmers at about 3% of the insured value. A new crop insurance scheme the Modi government is set to roll out shortly seeks to cap the premium paid by farmers at about 3% of the insured value, cover a substantial part of the country’s farmland and crop output...
More »Don’t dismantle, reform -Sonalde Desai
-The Indian Express There is evidence to suggest that with a few modifications, MGNREGA can dent poverty. There are few government programmes that excite as much passion as the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). For advocates, it is a lifeline for the rural poor. For critics, it is a programme that distorts labour markets and does far more harm than good. In this partisan quicksand, it is hard to...
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