-The Economic Times Even as India gears up for Cash transfers aimed at its poorest, Brazil has been running the Bolsa Familia (BF) Cash transfer scheme, widely credited with helping cut inequality by 17% in five years, reducing Brazil's poverty rate from over 40% to 28.8%. BF is run by the National Secretariat of Citizenship Income (SENARC) of Brazil's ministry of social development. Luis Henrique Paiva, secretary of SENARC, spoke about...
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As farmers suffer, NABARD offers soft loans to corporates-Shalini Singh
-The Hindu Private companies get loansat 6.5% with additional Cash refunds; for farmers it is 7% The National Bank for Agriculture and Rural Development (NABARD), which is dedicated to promoting rural development by providing soft loans to State governments for social sector projects, has given hundreds of crores as loans to corporates on concessional terms. In the Union Budget of 2011-12, Rs. 18,000 crore was allocated by the Centre to NABARD’s Rural Infrastructure...
More »At 3 crore rural accounts, banks set global record
-The Financial Express The banking sector has opened over three crore accounts in rural India as part of their financial inclusion drive. Compared to the number of rural households in the country of over 22 crore this is about 13 per cent. The government data upto March 31, 2012 also shows the extent to which the banking sector has to stretch to make the Aadhaar programme a success. The Aadhaar roll out of...
More »Start now, fix later -Samar Halarnkar
-The Hindustan Times Indians love slogans. So, since Independence, successive governments have offered catch lines to their electorates. Some slogans were inopportune because they were of dubious accuracy. Jawaharlal Nehru’s 1950s ‘Hindi-Chini bhai-bhai’ — Indians and Chinese are brothers — (even Nehru did not believe this), led to a battlefield defeat. The Congress’ 1975 Emergency-era ‘Indira is India and India is Indira’ and the BJP’s 2004 ‘India Shining’ were electoral disasters. Some...
More »Vidarbha Jan Andolan Samiti opposed to Cash transfer scheme -Vijay Pinjarkar
-The Times of India NAGPUR: The proposed direct Cash transfer scheme of subsidy to beneficiaries will adversely affect 10 million tribals and poor people Vidarbha, said Kishore Tiwari of Vidarbha Janandolan Samiti (VJS), warning that if the scheme is implemented in Vidarbha, it will also cause massive deforestation. Tiwari has urged the Centre to suspend the scheme till its implications are not considered and legal status coupled with constitutional validity of Aadhar...
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