-The Telegraph World Bank report suggests that 33% of the Jan Dhan accounts were opened by people who already had Bank accounts New Delhi: The Congress on Thursday said the Jan Dhan accounts, one of Prime Minister Narendra Modi’s flagship programmes, were “an exercise in mass deception”, aimed at creating propaganda tools for “self-praise” rather than the avowed objective of financial inclusion of the poor. “By December 2016, twenty-four per cent of the...

-The Indian Express Claims that Aadhaar has increased the demand and allocations of NREGA work rest on several faulty assumptions. Two newspaper articles in the Times of India and Financial Express claimed that Aadhaar linking boosts MGNREGA and has cut wage payment delays. Both articles were based on a working paper, “A Friend Indeed”, by members of the Digital Identity Research Initiative (DIRI) at the Indian School of Business (ISB), Hyderabad. The ISB...

-TheWire.in/ Business Standard Asked what action was taken after receiving Rajan's list of NPA defaulters suspected of fraud, the PMO replied that this information does not fall within the scope of RTI New Delhi: Information disclosed in response to an RTI request made by The Wire has confirmed that former Reserve Bank of India governor Raghuram Rajan indeed notified Narendra Modi of the need to probe key defaulters as early as eight...

-The TribuneDebt trap worsens; Govt must step in, says BKU leaderMansa/ Sangrur: With paddy production recording a decline of 10 to 15 per cent owing to untimely rains, small and marginal farmers are staring at misery, clueless as to how they will repay debts.Farmers owning less than 5 acres of land and those cultivating land on lease are torn between meeting the needs of their families and repaying outstanding debts,...

-Newsclick.in The Modi government has been trying to cut the RBI down to size for quite some time. The Modi government’s penchant for subverting institutions has now extended to the Central Bank of the country. Not content with eliminating the Planning Commission; decimating the finest universities in India; crippling the premier public sector unit of the country, the ONGC, by interfering in its decision making; bringing the nationalised Banks to grief by...