-The Times of India The government is moving rapidly to enable cash transfers through the Aadhar platform with 51 districts to be covered by January 1, 2013, and half the country four months later — a bid to rollout an initiative aimed at streamlining subsidies while also earning votes. The plan is to put money directly into bank accounts of beneficiaries of government schemes like scholarships, cheap food under the Public Distribution...
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Armed forces' canteens to be reviewed by national auditor CAG-Sudhi Ranjan Sen and Shamik Ghosh
-NDTV Over-ruling the objections of India's defence forces, the government has said that 4500 canteens in the Navy, Air Force and Army will be reviewed by the national auditor CAG. The canteen's run by the armed forces qualify as the biggest retail chain of the country which serve all serving and retired personnel of the three services. At the top of the chain are the 34 outlet of the Canteen and Stores...
More »Slum dwellers contribute 3-3.5% of Bangalore's economy-Mahesh Kulkarni
-The Business Standard A study has found that the poor households earned a total of Rs 1,545 cr, spent a total of Rs 1,185 cr, and contributed a savings of Rs 360 cr to the city in 2011 Urban poor living in slums of Bangalore contribute 3-3.5 per cent of the City’s economy. About 9-11 per cent of the city’s population that lives in slums contribute between Rs 1,643 crore to Rs...
More »As weather patterns get unpredictable, nations must start budgeting for natural disasters
-The Economic Times It's extreme weather season in Asia again. Deadly cyclones, blinding rain, floods and mudslides are becoming the norm from Nepal to Fiji. The world's policymakers must reflect on extreme weather patterns while budgeting their nations' finances. In Thailand last year's floods caused losses of $46.5 billion. Reconstruction costs will reach at least $50 billion, according to the government and UN's assessments. In Pakistan widespread flooding two years ago affected 20...
More »Big business ammunition fires Kejriwal's guerilla war: Narayana Murthy tops list of India Inc. donors for activist's trust-Saurabh Shukla
-Mail Today THE edifice of Arvind Kejriwal’s guerilla war on politicians and big business has been bankrolled by corporate big wigs who donated to his Public Cause Research Foundation. India Against Corruption, which has unfurled the banner of revolt against all- pervasive corruption, actually draws its lineage from Public Cause Research Foundation. And if you were wondering where the movement got sustenance from, strangely it came from a combination of businessmen and bankers. They...
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