The finance ministry may have amended the Prevention of Money Laundering Rules, 2005, to notify Aadhaar as adequate to meet KYC norms for opening bank accounts, putting it alongside other identity proofs, but banks are still confused Is a unique ID number or Aadhaar number issued by the Unique Identification Authority of India (UIDAI) enough to satisfy the so-called know-your-customer (KYC) norms that banks have to ensure every account they open...
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NAC active again, recommends steps on rural job scheme by Smita Gupta
“MGNREGS should move from relief work mode to one that blends natural resources and labour” to build productive assets The Sonia Gandhi-led National Advisory Council (NAC), which went into hibernation in the United Progressive Alliance (UPA) chairperson's absence, has been reactivated. On September 14, it despatched its recommendations on strengthening the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the government; it wants the scheme to move from its “relief work...
More »Women Hung Out to Dry in Global Labour Market by Kanya D'Almeida
Amid policy battles over food production, energy resources and economic decline, one untapped natural resource that is guaranteed to boost production on a global scale has been stubbornly overlooked – the power of women in the labour force. According to the World Bank's 2012 World Development Report (WDR) "Gender Equality and Development", ensuring equal access for women farmers would increase maize yields by 11 to 16 percent in Malawi and 17...
More »Centre woos professionals for better execution of programmes, schemes
With the bureaucratic machinery failing to deliver desired results, the Centre is tapping professionals from the open market to ensure better implementation of its flagship programmes, National Rural Livelihood Mission (NRLM) and MGNREGA at both national and State level. It has invited letters for Expression of Interest (EOI) from qualified and experienced consultancy firms for management support for the NRLM which aims to mobilise seven crore below poverty level (BPL) households...
More »Will Jairam Ramesh's new plan fix NREGA? by Sreelatha Menon
The new rural development minister wants to use technology to force states to make payments. Critics suggest that he should fix existing problems first. Jairam Ramesh is not afraid of stirring things up. Sixty days into his stint as the new Rural Development Minister, Ramesh, he has unveiled what he calls NREGA 2.0, a reform package that he feels would make the Rs 40,000 crore programme actually work. Ramesh has put together...
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