-Outlook A scheme to credit kerosene subsidies to beneficiaries’ accounts flopped real big in Rajasthan Dharamvir Chaudhary’s fair price shop in Kot Kasim, Rajasthan, is deserted. A year ago the tehsil played host to an experiment by the government: residents were asked to buy kerosene—a fuel most of India’s poor use to cook and light lamps—at market price (Rs 50 a litre) from shops like Dharamvir’s. People were promised that the...
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Micro ATMs Planned for Transfer of Cash to Poor -M Rajshekhar & Dheeraj Tiwari
-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...
More »FDI in retail? say a big NO -Anupam Bhargava
-The Hindu FDI is a debt inflow or liability foreign exchange because the profits or returns it generates will have to be repatriated. Will FDI in retail, single brand, banking or insurance enhance our foreign exchange earning capacity? Do they bring technology to the economy? There is so much of talk going around in all circles regarding FDI. Politicians, for obvious reasons, speak a language of their own, driven by ulterior motives....
More »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 »People’s movements say no to cash transfer, yes to PDS -Mohammad Ali
-The Hindu A day after the Union Government rolled out cash transfer for subsidies and entitlements, Jan Sansad, a coalition of more than 60 people’s movement, rejected it for being “anti-people”. Terming the scheme “an attempt by the government to wash off its hands from the responsibility to provide basic services and social security to its citizens”, the coalition said direct cash transfer will have disastrous impact on the lives of the...
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