-The Economic Times The government wants to roll out cash benefit transfers throughout the country before the end of its term in 2014. It is a laudable goal, but will require speedy generation of Aadhaar, the unique identification number, and of Aadhaar-linked bank accounts. About 40% of Indians have no access to formal financial services. So, the government wants to step up efforts to open a bank account for every beneficiary and...
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When their dreams of studying in a ‘big’ school came crashing -Tanu Kulkarni
-The Hindu Scarce RTE quota seats in private schools disappoint parents Bangalore: Arun Kumar (name changed), an electrician who earns just a little over Rs. 3,000 a month , is thinking of raising a loan to put his six-year-old son in a private school. This is thanks to the big hopes he pinned on one provision of the Right of Children to Free and Compulsory Education (RTE) Act 2009, which has now...
More »India Post readies plan to start bank -Sidhartha & Saurabh Sinha
-The Times of India The Reserve Bank of India having opened the window for new bank licences, the postal department is finalizing the blueprint to set up a bank of its own at your neighbourhood post office, a move that will challenge the dominance of large public sector lenders in smaller towns and rural India. While the department already has a balance sheet of Rs 6.18 lakh crore, which includes deposits of...
More »Second phase of cash transfers may cover jobs scheme- Surabhi Agarwal, Kirthi V Rao and Elizabeth Roche
-Live Mint Attempt to broad-base direct benefits transfer plan may help shore up the Congress’s standing among rural population The Congress-led United Progressive Alliance (UPA) government plans to include its flagship rural job guarantee programme in the second phase of its ambitious direct benefits transfer (DBT) plan, under which beneficiaries of social welfare programmes will receive money directly in their Aadhaar-linked bank accounts. The attempt to broad-base the cash transfer plan before several...
More »Bengal to introduce right to services Bill-Shiv Sahay Singh
-The Hindu The West Bengal Government will introduce a Bill in the upcoming Budget Session of the State Assembly to ensure that public services are delivered to people on time, said Chief Minister Mamata Banerjee here on Wednesday. Fines will be imposed on government servants if it is found that services are not delivered on time, she told journalists after a Cabinet meeting. The legislation, Paschim Banga Lok Parisheba Adhikar Bill, 2013 (West...
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