-The Hindu Reason: inordinate delay in sanctioning of funds by Centre Theni (Tamil Nadu): Thousands of labourers, who registered their names with the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), in rain-fed and drought-prone areas of the district are jobless due to the inordinate delay in sanctioning of funds by the Centre. The delay has not only stalled ongoing works but also affected implementation of new ones, according to officials in village...

-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 -...

-The Times of India In a sternly-worded letter dashed off to the Reserve Bank of India (RBI), the Andhra Pradesh government has urged the institution to not underestimate the distressful conditions prevailing in the state for the past three years, which has forced as many as 6,792 farmers to commit suicide. The nine-page letter dated July 25, countering RBI's argument about AP reporting no cases of acute concern among farmers, has been...

-The Hindu Business Line A new approach to financial inclusion using post offices The Government is making intensive efforts to extend access to financial resources such as Savings Accounts, credit and insurance services to unbanked sections of our society, and the knowledge and freedom to leverage them to one's benefit. The Budget has already mentioned that the Government considers financial inclusion as an important thrust area and the Prime Minister is expected...

-The Indian Express A headlong rush into PPPs will only leave a trail of disputes, renegotiations, corruption. The conventional wisdom in India on public-private partnerships (PPPs) is that they help governments raise capital to meet large infrastructure investment targets. But this rationale for promoting PPPs does not stand on strong foundations. There are three potential reasons for supporting PPPs. First, they enable governments to access more capital without visibly breaching fiscal targets. In...