-Outlook Multilateral lending agency Asian Development Bank (ADB) will provide loan of USD 2 billion annually for five years till 2017 to India to create jobs, enhance investment reforms, and improve infrastructure. "The ADB and Government of India have agreed to a new country partnership strategy for 2013-2017 which supports the country's 12th Five Year Plan .... The strategy comes with a financial envelope of around USD 10 billion...," the Manila based...
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West Bengal's savings scheme for poor gets RBI nod -Atmadip Ray
-The Economic Times KOLKATA: West Bengal chief minister Mamata Banerjee's plan to start a savings scheme with the aim of protecting the poor from losing their money to deposit schemes that promise high returns will be going ahead with the Reserve Bank of India having cleared the participation of state-run banks in the programme. The state government is to launch the plan on November 6. State-run West Bengal Infrastructure Development Finance Corporation...
More »World Bank calls NREGA a stellar example of rural development
-The Economic Times NEW DELHI: For the beleaguered UPA government, here are some words of praise. The flagship rural employment guarantee scheme has comes in for praise from the World Bank, five years after it described the programme as "policy barrier" to economic development and poverty alleviation. The World Development Report 2014 has described the Mahatma Gandhi National Rural Employment Guarantee Act as a "stellar example of rural development". At the heart...
More »Debate on Aadhaar: Supreme Court should not make us rethink-Varad Pande
-The Economic Times A recent Supreme Court interim order has reopened the debate on Aadhaar. We need to understand the implications of the order and reassess the "why" and "what" of Aadhaar. The order says that no service should be denied to a person who doesn't have Aadhaar. This is a fair observation. Aadhaar has always intended to be an instrument of inclusion, not exclusion. The Unique Identification Authority of India, which...
More »Direct cash transfers: 'The previous system was so much more convenient' -Ruhi Tewari
-The Indian Express Rajasthan/ Delhi: Three states where the UPA govt has rolled out direct cash transfers go to polls later this year. On the ground, the scheme has not quite turned out the game-changer the government reckoned it would. A frail Gori Sahaab, 90, instructs his son to pour mustard oil into a tiny diya in his one-room house. He once used a kerosene lamp but has stopped buying that fuel....
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