-Outlook Describing the government's ambitious direct cash transfer scheme as a "powerful tool", Reserve Bank Deputy Governor K C Chakrabarty has said the initiative will help reduce fiscal deficit, which in turn will also bring down inflation if implemented well. "The direct cash transfer scheme will reduce the fiscal deficit, which in turn will facilitate inflation control," Chakrabarty, the senior-most of the four deputy governors at the Mint Road, told PTI in...
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Cash transfers can power Congress to victory in next two polls: Rahul Gandhi -Subodh Ghildiyal
-The Times of India Heir apparent Rahul Gandhi on Friday said a successful 'direct cash transfer' can power Congress to victory in the next two elections. "If we get this programme right, we will win the next two general elections," Rahul reportedly told a meeting of Congress chiefs of 51 districts where the cash transfer scheme is to be rolled out. The remark provided the bluntest evidence that Congress is banking on the...
More »Kotkasim fiasco victims meet Jairam Ramesh
-Pratirodh.com Hundreds of the victims of failed 'cash transfer' experiment in Kotakism met the Rural Development minister Jairam Ramesh at Jantar Mantar in New Delhi where a three-day dharna began on Wednesday demanding a more inclusive 'Food Security Act'. More than 1000 people from all over the country are participating in the dharna which has been organised by 'Right To Food Campaign'. Victims of failed cash transfer experiment shared their experiences with the...
More »The "Aadhaar" of Direct Cash Transfer is more of assumptions, less of ground-level realities-MS Sriram
-The Economic Times On November 9, 2012, the government announced that from January 2013, 51 districts of the country would be subjected to Aadhaar- based direct cash transfers (DCT). We need some basic answers before we get to term the initiative as a game-changer. Aadhaar and the link with Bank Accounts: The Reserve Bank of India, initially having notified that Aadhaar number as valid for opening a Bank Account for know-your-customer norms,...
More »The elephant in the room -Biraj Patnaik
-The Times of India Crest The biggest hurdle for the DCT programme is the identification of the poor. The "gamechanger" announcement of the UPA 2 government on Direct Cash Transfers (DCT) for 45 schemes has generated much debate through the week with opinions flying around faster than money can get electronically transferred. At the heart of it, the idea of this proposed DCT is unexceptionable. Existing programmes where government transfers money to...
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