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7.77 lakh fake ration cards uncovered in Bihar, govt orders probe -Santosh Singh

-The Indian Express The distribution of fake cards could have meant that Bihar govt could have incurred Rs 3.23 cr monthly loss. Bihar: The Food and Consumer Protection department of Bihar government has detected 7.77 lakh fake ration cards, distribution of which could have incurred Rs 3.23 cr monthly loss to state government. The Food and Consumer Protection department suspected these cards being fake after there had been no takers for these cards...

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PM Narendra Modi launches Jan Dhan Yojana; to focus on combating financial untouchability

-The Indian Express In his speech, PM Modi said that opening bank accounts is a step towards joining economic mainstream. Launching his government's first big ticket social welfare programme, the Pradhan Mantri Jan Dhan Yojana, Prime Minister Narendra Modi on Thursday gave a call for eradicating what he termed as "financial untouchability" of the poor by opening at least one bank account for every family in the country in less than...

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Nitin Gadkari calls for crop diversification to address poverty

-IBNLive.in New Delhi: Expressing concern over the poor plight of farmers, Rural Development Minister Nitin Gadkari on Wednesday urged them to grow crops other than wheat and rice to come out of poverty. Farmers can earn more if they have diversification in crops that can be used for manufacturing ethanol, electricity, bio-gas among other products, he said. "Today, farmers' situation is very bad. We cannot get our farmers out of poverty if...

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Cloud still hangs over Aadhaar's future -Surabhi Agarwal

-The Business Standard Nilekani probably managed to save the project by a persuasive talk with Modi, but the concerns haven't gone away It is widely believed that Nandan Nilekani's meeting with Prime Minister Narendra Modi saved the ambitious Aadhaar project from oblivion or a takeover by the home ministry. Within a couple of days of the meeting, Modi gave directions to expedite enrolments through Aadhaar, along with the direct benefits transfer (DBT) project...

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No easy routes to financial inclusion

-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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