India moved a step closer to implementing cash transfers of direct subsidies and social welfare payments after a high-level panel presented the blueprint for effecting it through an Aadhaar-based payment gateway. Accepting the report, which details how all payments and cash transfers can be made electronically, finance minister Pranab Mukherjee indicated that it will be the key to plug leakages and ensure more targeted spending under the government’s social welfare programmes. The...

-EPW   The system of environmental clearances for developmental and industrial projects needs to be reworked. India seems to have perfected the art of creating laws and rules that are destined to fail. Nowhere is this more evident than in the area of environmental regulations. You have pollution control boards that can do nothing to control pollution. And you have a system of environmental ­impact assessment (EIA) before a developmental or industrial project...

Muhammad Yunus, the economist who founded Bangladesh’s Grameen Bank, visited Mumbai recently where he spoke to India Ink about his vision of “social businesses,” his forced departure from Grameen and the recent controversies that have dogged micro-finance in India and elsewhere. An edited, condensed version of the interview follows: Q. The microfinance industry has gone through an existential crisis in the last few years. Why did the industry fall from grace? A. See,...

-The Times of India   Can Jairam Ramesh become the next president of the World Bank? Unlikely, but in the steady drumbeat of the demand that the next World Bank president must come from the developing world, the rural development minister’s name is being heard alongside several other competent names from the wrong side of the poverty divide.    An independent website, worldbankpresident.org, which is running a poll on who should be the next...

India is lagging in its effort to reach United Nations goals to reduce poverty and improve health and sanitation, but has shown significant progress boosting education, treating AIDS and addressing environmental concerns, a U.N. official said. “We are in a race against time with just three years left” to achieve Millennium Development Goals, Noeleen Heyzer, Executive secretary of the U.N. Economic and Social Commission for Asia and the Pacific, said last...