The finance ministry has asked state-run Banks to stop making payments to their customers through cheques from July 1 and to "migrate totally" to electronic payment channels, a move aimed at cutting costs in a sluggish economy. In a circular issued to chairmen of public sector Banks and regional rural Banks, the ministry said all payments to customers, staff, vendors and suppliers as well as disbursement of loans and payments towards...
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'Reforms' for whom?-Ajit Balakrishnan
Two ways to advertise your modernity in India today: first is to carry an iPad, second is to declare that you are firmly on the side of 'reforms' There are two quick ways to advertise your modernity in India today. The first is to carry an iPad when you go for meetings, even if all you do with it is read email; and the second is to declare that you are...
More »Experiments with Aadhaar-Bharat Bhatti, Jean Dreze and Reetika Khera
-The Hindu Technical glitches in the unique identification method make it unreliable in disbursing wages under the employment guarantee scheme Within a few weeks of “Aadhaar-enabled” payments of Mahatma Gandhi National Rural Employment Guarantee Scheme wages being initiated in Jharkhand, earlier this year, glowing accounts of this experiment started appearing in the national media. Some of them also gave the impression, intentionally or otherwise, that this successful experiment covered most of Jharkhand....
More »UID: Are your biometric I-cards stacked against you?-M Rajshekhar
-The Economic Times Imagine a rural family of five. Mom. Dad. Two kids. And Grandma. Assume too that they are below the poverty line. The day is coming when this family will have to give its biometrics out to myriad agencies. You know that Nandan Nilekani's Unique Identification Authority of India (UIDAI) or the Registrar General's National Population Register (NPR) has been collecting biometrics for a while now. But a set of other...
More »Will food coupons work?-Devinder Sharma
Several studies in India have shown that more than 40 per cent of foodgrain meant for the poor is pilfered on the way. In order to ensure that food reaches the needy and the hungry across the country, the government has launched a series of steps to streamline the public distribution system (PDS). Among several initiatives being planned, especially in the light of the National Food Security Act under preparation, a...
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