-The Times of India JAIPUR: Direct cash transfer scheme that was rolled out from January 1 this year in three pilot districts of Rajasthan is facing crippling absence of banking infrastructure and at this point it's anybody's guess when the banks can do their part to provide legs to the UPA-II's ambitious project. One of the pillar's of the project was to have banking correspondents (BCs) in the unbanked villages so that...
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Cash Transfers and UID
-Economic and Political Weekly We support cash transfers such as old-age pensions, widow pensions, maternity entitlements and scholarships. However, we oppose the government’s plan for accelerated mass conversion of welfare schemes to Unique Identification Authority (UID)-driven cash transfers. This plan could cause havoc and massive social exclusion. We demand the following: (1) No replacement of food with cash under the public distribution system (PDS). (2) Immediate enactment of a comprehensive National Food Security...
More »Whiff of scam in soon-to-be-rolled out UPA's game-changer cash transfer scheme -Nitin Sethi
-The Times of India UPA-II's flagship direct cash transfer scheme has run into rough weather following warnings of a potential scam in the making, and evoking concerns of serious delays. Government functionaries have raised the red flag about how cash would be finally disbursed to beneficiaries and whether the National Population Register (NPR) would come into play in some states instead of the Unique Identification (UID) number to identify the end-users. Senior...
More »Lok Sabha passes companies, banking Bills-Asit Ranjan Mishra, Liz Mathew and Surabhi Agarwal
-Live Mint Consideration of land acquisition Bill deferred after opposition seeks more time to study new clauses India’s Parliament got down to business on Tuesday with the Lok Sabha passing two critical Bills, the Companies Bill, 2011, and the Banking Laws (Amendment) Bill, 2011, although it deferred consideration of the land acquisition Bill. The new Companies Bill, when it is enacted, is expected to improve the quality of corporate governance by strengthening...
More »Loans at 7% to Women SHGs From 2013: Ramesh
-Outlook Hyderabad: Union government is all set to provide loans to women self help groups (SHGs) at the rate of seven per cent from April 1 next year and at four per cent to the target group in 150 selected districts, Union Minister for Rural Development Jairam Ramesh announced here today. "Loans will be extended to Self Help Groups at 7 per cent from April 1 while in another 150 districts, selected...
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