-The Indian Express Setting up women-only banks overlooks the reasons for their exclusion The women-only bank mentioned in the finance minister's budget speech is like flowers and chocolates — a sweet thought but just as unsubstantial. Financial exclusion of women is a real problem. It deserves far greater effort than sops like a women-only bank. Such a bank also runs counter to the logic of mainstreaming, rather than ghettoising, gender issues. It is...
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Short-Lived Relief -Lola Nayar
-Outlook The rot runs deep and cuts across states As expected, the farm loan waiver scam has hit the spotlight, with the Comptroller and Auditor General’s critical report being released in Parliament. Given the intense political grandstanding on display, many think this report (on the gaps in the implementation and monitoring of the Rs 52,275-crore scheme) has the potential to be a major political embarrassment for the UPA ahead of the...
More »Indian families spending less on health, education -Dipti Jain
-The Times of India Indian households are allocating less of their spending to education and healthcare and more to travel and eating out than they did in the past, the latest GDP data reveals. Expenses towards education and medical care have, in fact, been declining since 2008-09, according to the data, along with a decline in spending on food. Expenditure towards medical care and health services has declined from 3.9% of the...
More »UPA’s addition to health budget falls short of requirements-Kirthi Rao and Vidya Krishnan
-Live Mint Critics say inadequate funding is also a reflection of the govt abdicating its responsibility in providing healthcare facilities The United Progressive Alliance (UPA) government’s ‘health for all’ slogan could remain just that as the addition in the budget for health in the next financial year is Rs.7,000 crore, which experts said falls far short of the amount needed to start making universal health coverage (UHC) a reality. Some critics say...
More »RBI swings into action after CAG picks holes in farm debt relief scheme
-The Business Standard Asks banks to take immediate action against officials responsible for lapses A day after a Comptroller and Auditor General of India (CAG) report pointed out irregularities in the Rs 71,680-crore agricultural debt waiver and debt relief scheme of 2008, the Reserve Bank of India today swung into action. It asked lenders to verify all the accounts granted benefits under the scheme. RBI said administrative and accounting lapses on the part...
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