-The Business Standard Says electronic payments can help manage fraud and leakage risks in government payment programmes The role that technology plays in the economy has become so integral that it can't be ignored, said a recent report by the World Bank. According to the report, electronic payments can save over one per cent of India's gross domestic product (GDP). "Cash may still be king at times, but compared with electronic payments, cash...

-The Hindu The role of education in reducing poverty is widely recognised but our planners are yet to realise how the impoverished struggle with a learning process that is unresponsive to their needs In a society where poverty is far more common than prosperity, one would expect the implications of poverty for education to be widely recognised. What we find, instead, is that poverty is seldom mentioned directly in policy documents on...

-The Economic Times MUMBAI: Bank account holders can now send money to any individual through mobile banking by merely entering the recipient's Aadhaar number. National Payments Corporation of India, which launched Aadhaar-based remittances on Wednesday, sees its use in micro-payments such as taxi fares and small purchases. The Transfers can be done using the most basic phones through SMS for small amounts or through mobile banking apps for amounts over Rs...

-The Economic Times NEW DELHI: For the beleaguered UPA government, here are some words of praise. The flagship rural employment guarantee scheme has comes in for praise from the World Bank, five years after it described the programme as "policy barrier" to economic development and poverty alleviation. The World Development Report 2014 has described the Mahatma Gandhi National Rural Employment Guarantee Act as a "stellar example of rural development". At the heart...

-The Hindu     The Union Cabinet approved the bill it had earlier sent to Parliament with just a few amendments On Aadhaar, the UPA has decided to take on the Supreme Court as well as the Opposition. The government on Tuesday defended Aadhaar before the Supreme Court asking for relief from the interim orders. It has decided to argue that the judiciary has encroached upon its executive decision-making space with the order. In...