-The Economic Times The government is likely to shoot down the department of financial services’ (DFS) plan to appoint common banking correspondent companies for transferring cash to poor people, and replace it with a countrywide network of ‘micro ATMs’, as it seeks to finalise the last-mile payment architecture for cash transfers. In a meeting on Monday evening, Rural Development Minister Jairam Ramesh, UIDAI Chairman Nandan Nilekani, and Planning Commission officials met Finance...
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New food security scheme for the poor from Dec. 15 -Gaurav Vivek Bhatnagar
-The Hindu Initially two lakh Delhi families to be paid Rs. 600 per month United Progressive Alliance chairperson Sonia Gandhi has been urged by Delhi Chief Minister Sheila Dikshit to inaugurate the Dilli Annashree Yojana food security scheme under which initially about two lakh families would be paid a sum of Rs. 600 per month from December 15. The Delhi Government, which had set aside Rs. 150 crore for this scheme in its...
More »Cash subsidy transfer is not a magic wand but people will get purchasing power: Expert -Joseph John
-The Times of India RAIPUR: Expert in public policy and capacity building T R Raghunandan, a former IAS officer of Karnataka Cadre, said on Thursday that transfer of cash subsidy to the beneficiaries was not a "magic wand" but it could help create purchasing power among the masses in the respective areas. Speaking at the media capacity building workshop, organised by the centre and the UN joint programme on convergence here, he...
More »Congress eyes political dividends from move to provide Direct Cash Transfer
-The Economic Times Congress is hoping to reap political dividends from its move to provide direct cash transfer to the beneficiaries of welfare schemes just as it believes it did in the previous elections from the rural employment guarantee scheme. Rural development minister Jairam Ramesh, who, along with finance minister P Chidambaram, was deputed by the party to explain the details of the ambitious scheme on Tuesday, termed the initiative "a...
More »Cash transfer: PM to play UPA-2's trump card on Monday
-The Times of India The Prime Minister is expected to formally kick off cash transfer of subsidies and entitlements, one of the most ambitious policy initiatives of UPA-2, on Monday. The scheme for cash transfers is visualized as a game-changer for UPA-2, like NREGA was for UPA-1, and is expected to give rich dividends at the elections. Manmohan Singh is expected to set January 1, 2013 as the launch date for the...
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