The finance ministry may have amended the Prevention of Money Laundering Rules, 2005, to notify Aadhaar as adequate to meet KYC norms for opening bank accounts, putting it alongside other identity proofs, but banks are still confused Is a unique ID number or Aadhaar number issued by the Unique Identification Authority of India (UIDAI) enough to satisfy the so-called know-your-customer (KYC) norms that banks have to ensure every account they open...

It will be offered as National Health Package for all common conditions Strongly recommending a re-configuration of the entire health system where the government will have a major role to play, a high level expert group on Universal Health Coverage (UHC) has proposed making health care an entitlement to every citizen. The group suggested that health care be offered as a National Health Package (NHP) covering all common conditions and high-impact health...

The Planning Commission has approved irrigation projects worth an estimated Rs.2 trillion over the past year-and-a-half to bolster India’s food security, but analysts say most of the money will not be utilized because of corruption and poor execution. A total 141 projects costing Rs.1.3 trillion were cleared in 2010 alone, according to an internal Plan panel paper on investment clearance of flood control, major and medium irrigation projects and renovation and...

Even as the Opposition parties' allegations of financial bungling in implementation of the National Rural Health Mission (NRHM) in Uttar Pradesh have pushed the Bahujan Samaj Party regime on the back foot, the Comptroller and Auditor General of India (CAG) has warned that direct transfer of funds from the Central Government to the State's implementing agencies is “fraught with the risk of their improper utilisation by these agencies”. The CAG report...

July is a month when we need to remind ourselves how reforms have changed India since 1991, from vulnerability to resilience, whether to external shocks (say, oil) or internal ones (droughts). In 2009, we witnessed the worst drought since 1972, yet the agricultural growth rate stayed positive (0.4%), nor did we resort to any major cereal imports. And in 2010-11, we are likely to have a record harvest of 241 million...