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Aadhaar-enabled service delivery system launched -Mohammed Iqbal

-The Hindu Dudu (Rajasthan): The Union government launched an Aadhaar-enabled service delivery system here on Saturday with a promise of eliminating fraud, black-marketing, pilferage in schemes and bribery through a reliable mechanism of direct cash transfer to beneficiaries in a transparent manner. Prime Minister Manmohan Singh and United Progressive Alliance chairperson Sonia Gandhi inaugurated the ambitious programme, which seeks to integrate the government-run flagship schemes with the Aadhaar card system at a...

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EGoM on drought to meet on Tuesday to review monsoon situation

-PTI The Empowered Group of Ministers (EGoM) on drought will meet on Tuesday to review the monsoon situation, with the sowing of kharif crops, particularly coarse cereals, affected by a deficiency in rains. “I have planned EGoM on drought on coming Tuesday,” Agriculture Minister Sharad Pawar, who was recently made head of the EGoM on drought, told reporters. The EGoM is authorised to review the situation and take ”quick and timely decisions” on...

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Drop in cases of suicide by farmers: Government

-The Times of India The number of suicide by farmers has gone down in the country, the government stated in the Lok Sabha. Minister of state for finance Namo Narain Meena informed the Lok Sabha during Question Hour that due to several measures taken by the government the cases had fallen. "As far as farmer suicides are concerned, there has been a fall in the numbers in Andhra Pradesh, also in Karnataka and...

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Government agrees in-principle to free diesel prices: Finance Ministry

-PTI The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.  "Government has, in principle, agreed to make the prices of diesel market determined," Minister of State for Finance Namo Narain Meena said in a written reply to the Rajya Sabha.  While petrol prices are market-linked, the government fixes the rates of LPG, kerosene and diesel, which results in a...

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Govt plans microfinance regulatory bill

The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday. The move follows tight scrutiny of the fast-growing, largely unregulated, small loans sector after fears of large-scale defaults due to high interest rates and reports of suicides due to mounting debt. “The Department of Financial Services proposes to introduce the Micro Finance (Development...

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