-The Hindu The reassuring message in the Pradhan Mantri Jan Dhan Yojana is that in pursuing its economic objectives, the government wants to accord an important role to the public sector even while relying on market mechanisms The goal is hard to achieve. It is costly and unviable. It will create huge stresses in the banking system. The Narendra Modi government's Pradhan Mantri Jan Dhan Yojana (JDY), an ambitious scheme for financial...
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Narendra Modi's Jan Dhan - what's new? -Debashis Basu
-The Business Standard Like Indira Gandhi, even Narendra Modi seems to be relying on directing public-sector banks through ministry of finance supported by party cadres. How new is that? Narendra Modi's biggest project so far is Pradhan Mantri Jan Dhan Yojana (PMJDY), an aggressively promoted idea to open bank accounts. The English media ran full-page ads and TV commercials to announce the scheme that is supposed to reach largely rural households. It...
More »Acid attacks double in West Bengal in 8 months -Shiv Sahay Singh
-The Hindu Across India, there were 518 victims from January 2010 to July 2014 Kolkata: Geeta Gayen (40), mother of three children, was attacked with acid on January 13 for spurning the advances of another man at Swarupnagar in West Bengal's North 24 Parganas district. After struggling for life with severe burns on her face, hands, and chest, she died on March 7. "She died for no fault of hers. She used earn...
More »Cashless Treatment for Road Accident Victims
-Press Information Bureau/ Ministry of Road Transport & Highways The Union Ministry of Road Transport & Highways has signed Memorandum of Understanding for two more pilot projects for Cashless Treatment Road Accident Victims - one on Vadodara-Mumbai stretch of NH-8 and the other on Ranchi-Rargaon-Mahulia (Jamshedpur) stretch of NH-33. These were signed in the presence of the Minister of Road Transport & Highways Shri Nitin Gadkari this morning. The projects envisage...
More »Jan Dhan Yojana: Many questions remain -Ishan Bakshi, Nitin Sethi & Surabhi Agarwal
-The Business Standard Against NDA's 75 million target, UPA added 61 million in 2013-14 The government's financial inclusion scheme, Pradhan Mantri Jan Dhan Yojana, is an empty shell at the moment. The government heralded its achievement of clocking 15 million new bank accounts under the scheme by Thursday and looked ahead to the target of achieving 75 million accounts by January 2015. In fact, given that the UPA government added an additional 60.9...
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