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3000 new bank branches to come up in rural UP

-The Indian Express Lucknow: Nearly 3,000 new bank branches will be set up in rural areas of the state till 2014. Reserve Bank of India Governor D Subbarao assured CM Akhilesh Yadav on Tuesday that the villages selected under Dr Ram Manohar Lohia Samagra Gram Vikas Scheme will be given preference for opening new branches.   Subbarao met the CM at his residence in Lucknow. The chief minister pointed out that on the basis...

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22 Red districts get green nod to divert forest land for infra -Anubhuti Vishnoi

-The Indian Express Twenty-two Naxal-affected districts will now be able to build critical public infrastructure even in forestland, the Ministry of Environment and Forests has decided. Following demands raised by the Ministry of Home Affairs and the Planning Commission, the MoEF has decided to relax forest conservation rules to allow diversion of forestland for creation of essential infrastructure in 22 districts affected by Left Wing Extremism. Departments will be able to build...

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House panel likely to recommend scrapping of household categories-Manoj CG

-The Indian Express The Parliamentary Standing Committee examining the National Food Security Bill is considering to recommend to the government to do away with the categorisation of “general” and “priority” (similar to the below poverty line) households in the legislation and provide uniform food guarantee to 75 per cent of the rural population and 50 per cent of the urban population. Keeping in mind the fiscal implications, the committee is likely to...

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Is UID-linked cash transfer a good idea?-Sreelatha Menon

-The Business Standard Reetika Khera Professor, Indian Institute of Technology, Delhi* “Aadhaar is being made de facto compulsory for welfare schemes. With two-thirds without Aadhaar, they are bound to be denied entitlements” There are three components of the government’s direct benefit transfer scheme — computerisation, extending banking services and linking the benefits with Aadhaar. The real game-changers are the first two, whereas Aadhaar-enabled transfers carry the risk of excluding current beneficiaries. The Central government has...

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The Case for Direct Cash Transfers to the Poor-Arvind Subramanian, Devesh Kapur and Partha Mukhopadhyay

The total expenditure on central schemes for the poor and on the major subsidies exceeds the states' share of central taxes. These schemes are chronic bad performers due to a culture of immunity in public administration and weakened local governments. Arguing that the poor should be trusted to use these resources better than the state, a radical redirection with substantial direct transfers to individuals and complementary decentralisation to local governments...

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