The Smart Card Project is helping nearly 12.7 million poor people in Andhra Pradesh to get timely payment of wages It was conceived as a vehicle to promote financial inclusion by taking banking services to the unbanked poor, harnessing information and communications technology to ensure the benefits of public welfare programmes reach those they are intended for by plugging leakages. The Andhra Pradesh Smart Card Project, launched in 2007, is...

Although India is a labour-surplus economy – with an unlimited number of workers willing to work at a subsistence wage – a paradoxical feature of the labour market is the rising incidence of scarcity or shortages amid a situation of potential plenty. No doubt, this pertains to skilled labour. But when 15 per cent of Indian trucks are idle owing to a shortage of drivers or India Inc is worried...

-PTI   Questions were raised on Sunday about the use of funds donated by the public to Team Anna with Swami Agnivesh alleging that money was deposited in the trust run by Arvind Kejriwal from which the names of major team members were missing, a claim dismissed as made “out of anger”. Besides Team Anna detractor Swami Agnivesh, another former member ‘Waterman’ Rajinder Singh also raised the issue urging Mr. Kejriwal to come...

-The Times of India   Finance minister Pranab Mukherjee on Wednesday said the government had received information from France about Rs 400 crore unaccounted money in as many as 69 overseas accounts of Indians and had recovered Rs 30 crore in taxes from them. Briefing economic editors, the FM said with the help of Double Taxation Avoidance Agreement (DTAA) with France, India was able to extract some information regarding Indians having Bank Accounts. He...

The death recently in Nairobi of Kenyan environmental crusader and 2004 Nobel Peace Prize winner Wangari Maathai brings to mind the work of another development activist and Nobel peace laureate (2006), Muhammad Yunus of Bangladesh. Their fields were different but their goals were the same: empowering poor, ordinary women for social and economic growth. Perhaps it’s no coincidence that this year’s Nobel Peace Prize has gone to three women who are...