-The Indian Express Two weeks before the direct Cash transfer is unveiled in 43 districts, a partial list available with The Indian Express reveals generation of Aadhaar numbers has been erratic till November 30. Faced with low registration in some states, the Unique Identification Authority of India (UIDAI) has reportedly asked the state governments to focus on enrolling only those who will benefit from the 34 schemes covered under the direct...
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How to make Cash transfers work-Guy Standing
Should they be targeted? Should they go to individuals or households? Are conditionalities necessary? Without a full consideration of these issues, Cash transfers will remain an expensive gamble Having worked on Cash transfers for over 25 years, and being an economist, I find recent criticisms of the idea shrill and ill-informed. Only a right-wing ideologue would call them a panacea or a cure-all. They would merely be a vast improvement on...
More »On the money
-The Indian Express The UPA is banking on Cash transfers as a political tool, but it must concentrate on programme design The Congress has been congratulating itself on its newly announced direct Cash transfer scheme — P. Chidambaram described it as a game-changer, Sonia Gandhi declared it nothing short of revolutionary, and Rahul Gandhi reportedly claimed that “Aapka Paisa, Aapke Haath” would bring the party generous political dividends. The Congress may have...
More »‘Cash transfer scheme a game changer for banks’
-The Hindu It will bring many customers into banking fold: Andhra Bank CMD Hyderabad: Andhra Bank Chairman and Managing Director B. A. Prabhakar on Sunday said the Cash transfer scheme of the Central government was a game changer for banks as it would help bring a large number of retail customers into the banking fold. The scheme had the potential to bring about a second revolution in the industry after nationalisation of banks...
More »Cash transfer scheme will eliminate irregularities, says Chidambaram
-The Hindu Chennai: Union Finance Minister P. Chidambaram said the Cash transfer scheme, aiming at crediting subsidy amount directly to the bank accounts of beneficiaries, would be fully implemented throughout the country by December 2013. “Beneficiaries of 39 schemes will get their money transferred to their bank accounts directly,” Mr. Chidambaram said, while participating in the centenary celebrations of former Assembly Speaker S. Chellapandian on Sunday. He said the “your-money-in-your-hands” scheme would...
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