OVER 2.5 crore job card holders registered under Mahatama Gandhi National Rural Employment Act (MGNREGA) could be affected by the rural development ministry’s decision to introduce biometrics to the scheme. The job cards of beneficiaries in 200 districts across India are set to expire in 2011. The process of job card renewal under the biometric system would take six months to two years. This would deny the registered people 100 days...

Tamil Nadu: The north-east monsoon, 50 per cent in excess in the State, claims over 200 lives and destroys crops and infrastructure.A SERIES of weather systems, including a cyclone that missed Chennai narrowly, saw the skies open up over Tamil Nadu between November 4 and December 5, the period when the north-east monsoon is most active. Most of the 561 mm of rainfall that the State received between October 1...

A day labourer has complained to court that a panchayat pradhan in cahoots with a bank manager has thrust a loan of Rs 30,000 on him for which he had never applied, the allegation exposing how beneficiaries of village schemes are left at the mercy of influential rural leaders.Additional chief judicial magistrate Manoj Rai, after criticising the police role in the investigation, asked the Islampur subdivisional officer yesterday to inquire...

The Bill to regulate Microfinance Institutions tabled in the Andhra Pradesh assembly on Friday has upset the Microfinance institutions (MFI) network, who say their concerns have not been addressed and that may force them to shut operations in the state. "Repayment has fallen drastically and so we are not in a position to continue operations in Andhra Pradesh unless the situation is remedied," said Vijay Mahajan, President, Micro Finance Institutions Network. The...

MasterCard Worldwide, a leading global payments company, today said it has developed a payment solution for ‘Aadhaar’. ‘Aadhaar’ is a 12-digit Unique Identification Number (UID) that captures basic demographic and biometric information of Indian residents. The UID will make it possible for residents to establish their identity with financial institutions thereby providing them a gateway into the formal banking system. This payment solution will enable Aadhaar holders to perform payment...