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Cash transfer schemes effective way to help poor: World Bank chief

-PTI Washington: World Bank President Jim Yong Kim has praised the Cash transfer programmes being implemented by several countries as an effective way to help the poor and reduce poverty. Without naming India, which is one of the countries implementing the Cash transfer programme, Jim described the scheme as an important step towards inclusive growth. He was speaking at the ‘Fiscal Policy, Equity and Long-Term Growth in Developing Countries Conference' held at...

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Finally, a consensus on land acquisition bill after six years

-The Times of India A significant part of the Manmohan Singh government's political agenda for the 2014 election looks set to sail through Parliament with an all-party meeting on Thursday putting its seal of approval on a contentious bill on land acquisition that enhances compensation for farmers. The government countered criticism that the bill's provisions make land acquisition more time consuming while pushing up costs, but all major political parties seemed...

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Soon, voter ID cards to get a sleek makeover -Bharti Jain

-The Times of India The humble elector's photo identity card - commonly called voter EPIC - is getting a sleek makeover. The laminated paper cutout, with a rather grainy black and white photograph, is set to transform into a shiny, plastic card with a colour photo of the voter, just like a driving licence. "The plastic card will be more aesthetic and durable. It, will, however, not be a smartcard like the...

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Cobrapost sting: Staff at ICICI Bank, HDFC Bank and Axis Bank may have violated KYC norms, says RBI

-The Economic Times MUMBAI: The employees at ICICI Bank, HDFC Bank and Axis Bank may have violated know-your-customer norms and helped clients evade taxes, the Reserve Bank of India's investigation has found. "Banks opened current account based on power of attorney without KYC," ET Now reported citing people familiar with the report. "Banks gave Cash advances for gold purchases", which is a violation of norms, it said. The central bank and the...

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Why is Aadhaar being shoved down our throats?-R Jagannathan

-First Post Electoral logic is driving the UPA towards a patent illegality: forcing people to part with sensitive private information such as biometric data or finger-prints without having any law to protect privacy in place. As things stand, getting yourself an Aadhaar card issued by the Unique Identification Authority of India (UIDAI) is voluntary; you are not legally bound to part with this information to anyone, leave alone the UIDAI ....

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