When India embarked on its “unique ID” project in the fall of 2010, pledging to distribute unique 12-digit numbers to 1.2 billion people, the hope was that hundreds of millions of Indians who don’t have a passport, driver’s license or other credible identity document would get one – and with it, a ticket to essential government and private sector services. A new survey led by Arun Sundararajan, a professor at New...
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Action against violation of moratorium on debt relief
-The Hindu Moratorium to be in place till December 31, 2012 The government has decided to initiate legal action against cooperative Banks and financial institutions violating the moratorium on debt relief for fish workers. Meeting Minister for Fisheries K. Babu announced this after a meeting with Minister for Cooperation C.N. Balakrishnan and chairman of the Debt Relief Commission for fish workers M.R. Hariharan Nair here on Sunday. Mr. Babu said the moratorium would remain in...
More »Nabard allocates 5,320 cr for development activities
-The Times of India THIRUVANANTHAPURAM: The National Bankfor Agriculture and Rural Development (NABARD) has unveiled an ambitious Rs 5,320 crore plan for various development activities in the state this year. The bank has allocated Rs 2,075 crore for short-term agriculture activities which can go up to Rs 2,600 crore depending on the successful operations of the co-operative Banks in the state. "For long -term investment in rural sector, NABARD has committed to provide...
More »Banks' inspection reports to come under RTI: Central Information Commission-Neha Shukla
LUCKNOW: In a significant order passed by the Central Information Commission, inspection reports of Banks can be disclosed under the RTIAct. And, the Reserve Bank of India cannot deny disclosing the report stating that it can have ill-effects on the economy. The CIC's order came in a case pertaining to Kanpur-based United Mercantile Cooperative Bank Ltd. in its order, the CIC stated that the Reserve Bank of India (RBI) should disclose...
More »Thomas insists on giving grain as NREGS wage-Sandip Das
Notwithstanding apprehensions expressed by rural development minister Jairam Ramesh on the proposal of giving grain as part payment of wages under the National Rural Employment Guarantee Act, food minister KV Thomas on Sunday continued to support the idea. Thomas said, “There is enough surplus grain to be given to poor families.” In a recent letter to the Jairam Ramesh, Thomas had made the proposal, which he said would also help ease...
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