-The Business Standard Full country coverage, in stages, by April 2014 UIDAI, FinMin given prime responsibility to work with ministries, states for national coverage The government today made its intention clear of exploiting an Aadhaar-based direct Cash transfer system as a political plank in the next Lok Sabha polls, due in 2014. Prime Minister Manmohan Singh today cleared the schedule for implementation from January 1 of government subsidies and entitlements to beneficiaries...
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-The Indian Express The UPA has long been planning a shift to direct Cash transfers for poor households, with a view to replacing the 3.23 lakh crore worth of unwieldy subsidies currently in place. Last year, the then finance minister Pranab Mukherjee had spoken of the famously inefficient food and fertiliser subsidies, and of a comprehensive overhaul through Cash transfers. Now, that plan has been fleshed out further. The prime minister...
More »Direct Cash transfer of subsidies through Aadhaar from January 1
-The Hindu Direct Cash transfer of subsidies through the Aadhaar card would be rolled out in 51 districts across 15 States from January 1, 2013, Union Finance Minister P. Chidambaram announced on Saturday. The scheme would aim to cover the entire country by the end of 2013, he said. Speaking at the annual Bankers’ Conference (BANCON), Mr. Chidambaram said banks would play an essential role in the direct Cash transfer, as every...
More »Cash transfer: PM to play UPA-2's trump card on Monday
-The Times of India The Prime Minister is expected to formally kick off Cash transfer of subsidies and entitlements, one of the most ambitious policy initiatives of UPA-2, on Monday. The scheme for Cash transfers is visualized as a game-changer for UPA-2, like NREGA was for UPA-1, and is expected to give rich dividends at the elections. Manmohan Singh is expected to set January 1, 2013 as the launch date for the...
More »Akhilesh waives Rs 1,650 crore farm loans on dad Mulayam's birthday
-The Times of India LUCKNOW: A Cash-strapped Uttar Pradesh government wrote off loans worth Rs 1,650 crore to farmers on Samajwadi Party chief Mulayam Singh Yadav's 74th birthday on Thursday, fulfilling an election promise that is bound to further deplete the state's already dwindling coffers. Chief minister Akhilesh Yadav said 7.2 lakh farmers, who've taken loans of up to Rs 50,000 from rural cooperative banks, will benefit from the waiver. "Farmers who've...
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