-The Economic Tiomes Farmers borrowing crop loans from private Banks will also get government's interest subvention scheme, finance minister P Chidambaram said in his 2013 Budget speech. At present, farmers used to get crop loans at a subsidised 4% a year rate from public sector Banks, regional Banks and cooperative Banks if they repay in time. Farmers who repay loans in time, gets an additional 1% interest subvention from the government over and...
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A walk on the wild side
-The Economist Government borrowing generates inflation, widens the external deficit and crowds out much-needed investment. Can India now overcome its debt addiction? INDIA has grappled with its public finances for long enough. When presenting its first budget after independence in 1947, the finance minister of the day insisted that the country was not living beyond its means. Yet every budget since has failed to produce a surplus. India borrows more heavily...
More »Budget 2013-14: Rs. 1,000 crore each for women, youth funds
-The Hindu "To the women of India - we have a collective responsibility to ensure the dignity and safety of women. Recent incidents have cast a long dark shadow on our credentials. As more women enter public spaces...there are more reports of violence against them. We stand in solidarity with our girl children. We pledge to everything possible to keep them swcure. A number of measures are in the works...
More »Aadhaar must be basis for direct benefit transfers: Ashok Khemka
-The Economic Times The Direct Benefits Transfer (DBT) scheme commenced with the initial rollout in 20 districts covering seven scholarship schemes. Another 23 districts will be covered by March this year. The intention is to link all government benefits to Aadhaar-based identification of beneficiaries and to channelise the cash benefits through Aadhaar-enabled bank accounts. Irrespective of the merits of translating some benefits delivered in kind like in PDS into their cash-equivalent, for...
More »March 31 deadline for Aadhaar number issuance in Delhi
-PTI Chief Minister Sheila Dikshit on Friday set a deadline of March 31 for completing issuance of Aadhaar number to people in the city so that all major welfare schemes could be linked to it soon. Dikshit issued the direction at a high-level meeting which reviewed the implementation of direct cash transfer schemes of the central government that was rolled out in two districts of the city last month. As per official...
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