-The Indian Express The Congress's bill could end up sponsoring the NDA's campaigns A good thing about the logjam in Parliament, it has to be said, is that it has prevented the ill-advised food security bill from being passed. It would, though, be naive on our part to presume the BJP stalled Parliament - the Congress's blatant abuse of the CBI process was a big reason for this - only because it...
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Can legal measures root out chit fund frauds? - No -Pratim Ranjan Bose
-The Hindu Business Line There can be no denying the need for a legal framework to ensure that the likes of Saradha do not take the entire financial system for a ride. But that said, there will always be greedy investors, willing to be taken in by the tall promises of unscrupulous operators. The latter's task is made easier by loopholes in the law. Hence, Ponzi operators used the legal loopholes...
More »The aadhaar of mass health insurance -Alok Agarwal
-The Hindu Business Line Technology has improved the poor's access to healthcare. India grapples with the issue of a major divide between the well-to-do and the lower end of the population strata. The challenge of uplifting the ‘below the poverty line' section of the population remains a challenging task. One of the areas which ranks high on this priority list is access to healthcare facilities. As is well known, events related to emergency...
More »Caught in desi ponzi schemes
-The Hindustan Times The sorry plight of thousands of small savers duped by a deposit-collecting firm in West Bengal is, perhaps, symptomatic of a wider malaise that runs deep in the Indian economy. What if a company asked you to invest Rs. 200,000 and promised to give you Rs. 8,000 a month for five years and a swanky sedan at the end of the fifth year? What if a company asked...
More »PSU banks express reservation against usage of Aadhaar number for cash-transfers -Ahona Ghosh & M Rajshekhar
-The Economic Times The government's plan to make the Aadhaar number the centrepiece of the cash-transfer system is now facing opposition from a new quarter: banks. Several banks, led by the State Bank of India, have expressed reservation against jettisoning their current systems in favour of the platform created by the Unique Identification Authority of India (UIDAI), which issues the Aadhaar number and wants to make it the basis to authenticate...
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