-The Business Standard Financial inclusion must be set up to pay for itself The Jan Dhan Yojana, a scheme for financial inclusion announced by Prime Minister Narendra Modi in his Independence Day speech, intends to take Banking Services to the 40 per cent of India that does not have bank accounts. This task is daunting. A good portion of those no-frills accounts that have already been opened have only minimal activity -...
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Putting the poor on the list -Charan Singh, Akshay Goenka and Ritesh Garg
-The Hindu Business Line A new approach to financial inclusion using post offices The Government is making intensive efforts to extend access to financial resources such as savings accounts, credit and insurance services to unbanked sections of our society, and the knowledge and freedom to leverage them to one's benefit. The Budget has already mentioned that the Government considers financial inclusion as an important thrust area and the Prime Minister is expected...
More »Aadhaar still rife with security flaws -Bharti Jain
-The Times of India NEW DELHI: In what could point to serious security loopholes in Aadhar project, an internal risk assessment by the Unique Identification Authority of India (UIDAI) in 2012 had found that the enrolment device could be taken outside its defined territory, including foreign land, to enroll people and send data to UIDAI for processing. The anomaly led a UIDAI committee, set up in the wake of the government's January...
More »Aadhaar and the rhetoric of fear -Praveen Chakravarty
-The Indian Express Five years on, we need to examine our xenophobic reactions and paranoia of the intrusive state. Five years and Rs 4,000 crore ($800mn) later, there is a pregnant pause. "Are you who you claim you are?" is a question that more than 60 crore Indian residents can now answer with integrity. Twenty-three out of the 36 states and Union territories of India can now verify the authenticity of more...
More »Banks ask FinMin to stop Andhra farm loan waiver -Manojit Saha
-The Business Standard Say waiver will vitiate the loan recovery environment Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones. Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday,...
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