-The Indian Express A little more than a week ago, World Bank chief Jim Yong Kim praised Prime Minister Narendra Modi for launching the Pradhan Mantri Jan-Dhan Yojana (PMJDY), which he called an “extraordinary effort” at financial inclusion. According to the Union finance ministry, India has attained 99 per cent financial inclusion, measured as households’ access to bank accounts. Within three months of launching the PMJDY, the government entered the Guinness...
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43% of India's bank accounts lying dormant: World Bank
-Business Standard There was a significant rise in number of bank accounts held by Indians last year but a large chunk of these saw no transaction, shows a World Bank report Amid data suggesting nearly every Indian household now has access to a bank account, thanks to a renewed push to financial inclusion under the government’s Pradhan Mantri jan dhan Yojana, a set of numbers from the World Bank Global Findex for...
More »Cash for Food--A Misplaced Idea -Dipa Sinha
-Economic and Political Weekly Direct benefi t transfers in the form of cash cannot replace the supply of food through the public distribution system. Though it is claimed otherwise, DBT does not address the problems of identifying the poor ("targeting") and DBT in place of the PDS will expose the vulnerable to additional price fluctuation. Further, if the PDS is dismantled, there will also be no need or incentive for procurement...
More »Land ordinance: Supreme Court wants Centre’s reply in 4 weeks -Dhananjay Mahapatra
-The Times of India NEW DELHI: The Supreme Court on Monday sought the Centre's response in four weeks to a PIL challenging the validity of the land acquisition ordinance but hoped that the Narendra Modi government would revert to legislative process soon and render the PIL "infructuous". Three Delhi-based NGOs — Delhi Grameen Samaj, Gram Sewa Samiti and Chogama Vikas Avam Kalyan Samiti — and Bharatiya Kisan Union (BKU) have challenged the...
More »Fields of Despair -Sutapa Deb
-NDTV There is the reality of a farmer's suicide and then there are versions of this reality. Whether you choose to accept the farmer's context of poverty, debt and extreme risk, or deny it, often depends on the class and profession you belong to. Fields pockmarked with brown mounds create a surreal setting. At least nine suicides by farmers have been linked to the crisis in West Bengal's potato belt. Farmers have...
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