-The Indian Express The protests in Delhi are generating two sorts of anxiety. The spectacle of a spontaneous, unstructured, unavoidably vague movement borne out of genuine rage has unsettled the establishment. And it will respond the way it does: by recourse to the language of order. The second is a critique that the movement is misdirected: it is blaming government for what is, in fact, a deep social problem. It is...
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Of FDI, Wal-Mart & controversies: An eventful year for retail
-PTI The retail sector, where the government permitted foreign direct investment in multi-brand, courted controversies during the year with several opposition parties making it a political issue in Parliament. Even before its entry into multi-brand retail, the global chain Wal-Mart was grappling with various issues, including spending money in the US on lobbying for entry into India. Adding action to the drama was Swedish furniture chain IKEA's hectic bargaining with the government over...
More »FM asks banks to gear up for Cash Transfer Scheme roll out
-PTI Finance Minister P Chidambaram on Friday asked banks to gear up for implementation of the ambitious Cash transfer scheme, which seeks to transfer money directly into beneficiary accounts in 51 districts from January 1. "There is lot of work to be done from January 1. There are huge burden, huge responsibility going to fall on your shoulders. It is banks that have to make Cash transfer scheme successful. I know you...
More »Direct Cash Transfer System a 'Pure Magic': PC
-Outlook Jaipur: Describing the proposed Direct Cash Transfer scheme a 'pure magic' that brings a big responsibility on banks for its implementation, Finance Minister P Chidambaram today asked bankers to work with the government to make the scheme a success. "Through this unique benefit transfer scheme, money when it is released, will instantaneously be credited in the bank account of the beneficiary, leaving no scope for corruption and pilferage. That is why...
More »Cash transfers: Govt to set up camps to collect details -Surabhi
-The Indian Express With less than a fortnight left to roll out its direct Cash transfer scheme, the government is trying to fast-track the process of identification and registration of beneficiaries for the 34 schemes. Accordingly, it has decided to set up camps in each of the 43 districts where direct Cash transfers would be launched for preparing a central database of beneficiaries, enrollment for Aadhaar numbers and opening of bank accounts. “A...
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