Centre will implement it on a pilot basis in 52 districts To improve maternal and child health, the Cabinet Committee on Economic Affairs on Wednesday approved the Indira Gandhi Matritva Sahyog Yojana (IGMSY) — a monetary scheme for pregnant women and lactating mothers — on a pilot basis in 52 districts in this Five-Year Plan. Each pregnant and lactating woman will receive Rs. 4,000 in three instalments between the second trimester of...
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What the UID conceals by R Ramakumar
The UID project has both ‘security' and ‘developmental' dimensions. The former leads to an invasive state; the latter leaves us with a retreating state. Is identity the “missing link” in India's efforts to rise as an “inclusive” economic superpower? Can an identity-linked and technology-based solution change the face of governance in India? Given the euphoria around the Unique Identification (UID) project, one is tempted to believe so. However, a careful look...
More »Smart cards for NREGA, pension beneficiaries
As part of its financial outreach programme in tune with national priority, city-based private sector Karnataka Bank Limited is all set to launch KBL-Empower Biometric smart card at Babbur in Hiriyur taluk of Chitradurga district on Wednesday. P Jayarama Bhat, managing director of the Bank, will launch the card in the presence of Range Gowda, CEO, Chitradurga ZP who will distribute the card to the beneficiaries. With this, the bank is...
More »MFI interest rate on loans likely to be capped at around 24 pc by Mashusudan Sahoo and George Mathew
Interest rates on loans from microfinance institutions (MFIs) are likely to be capped at around 24 per cent. Currently, MFIs are charging 26-40 per cent on small loans extended to their rural customers — many of whom are yet to get even a Bank Account — while urban customers get personal loans at 12 per cent from commercial banks. Though neither the RBI nor the government has fixed any ceiling on...
More »Biotech route to help curb food shortage by Gyanendra Shukla
Two walls of extremes are closing in fast on mankind. The spectre of climate change threatens agriculture, especially in developing countries where farming is dominated by smallscale farmers heavily relying on rainfall. Along with this, is the scourge of burgeoning population, which is likely swell to 9 billion in the next 40 years. According to the Food and Agricultural Organisation (FAO), about 14% of the 6.5-billion world population are affected by...
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