-The Hoot The media welcomed the UID's promise of giving an identity to those outside the system, but has failed to track its failure to do so. On January 1, the Indian government announced roll out of its ambitious cash transfer scheme in 20 districts of the country based on unique identification (UID), also called Aadhaar. The media, while presenting the pros and cons of cash transfer, also mentioned that...
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Justice JS Verma committee's recommendations: Complete list
-DNA 1. The equality of women, being integral to the Constitution, its denial is a sacrilege and a constitutional violation. Sustained constitutional violations mean that governance is not in accordance with the Constitution. A fortiori, all limbs of the State - the executive, the legislature as well as the judiciary -must respect women’s rights and must treat them in a non-discriminatory manner. 2. As a primary recommendation, all marriages in India (irrespective...
More »Black money could account for 10% of GDP: Study -Pradeep Thakur
-The Times of India A study commissioned by the government last year on quantifying black money generated in the country has estimated that the illicit wealth is likely to exceed 10% of GDP or anywhere above Rs 10 lakh crore, given the size of the economy. The 1,000-page report was submitted to the finance ministry by the National Institute of Public Finance and Policy (NIPFP) in the last week of December. The...
More »IMF says India shouldn’t rush to give banking licences to conglomerates-Remya Nair and Asit Ranjan Mishra
-Live Mint The International Monetary fund (IMF) has warned India against licensing corporate entities to step into the business of commercial banking, saying the risks associated with such a move potentially outweigh the benefits of creating more banks. IMF’s Financial System Stability Assessment Update said it would be prudent for India to first put in place and gain sufficient experience in implementing a comprehensive framework for the purpose before considering the entry...
More »Left, Right vow to oppose FDI in Rajya Sabha
-The Times of India The budget session of Parliament could again be stormy with NDA and Left parties coming together to oppose FDI in retail. BJP, CPI and JD(U) on Tuesday said the government may have got the bill passed in Lok Sabha but it should not feel victorious as they would not let it pass in Rajya Sabha. BJP leader Murli Manohar Joshi even said that if NDA came to power, it...
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