-The Times of India BHOPAL: If you go by some of the photographs on smart cards used for making payments under the Mahatma Gandhi National Rural Employment Guarantee Scheme in Rewa district, Chhattisgarh chief minister Raman Singh, Shiv Sena leader Uddhav Thackeray, the late ghazal maestro Jagjit Singh and other well-known people are all labourers, though with different names. Many such cards, carrying pictures of celebrities but having names of locals, have...
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Public Deprived System -Jitendra
-Down to Earth The country's 76 million poor have been denied the right to claim subsidised foodgrain under public distribution system The government has denied 76 million people in the country eligible to access public distribution system (PDS) the benefits of the food security system. For the past 20 years, the government has not cared to refresh its data and has been distributing foodgrain according to the population figure of 1991. Worse, the...
More »Reforms’ unintended fallout -Ashoak Upadhyay
-The Hindu Business Line A mint-fresh working paper by the Reserve Bank of India once again trains the spotlight on a problem that, for five decades, every policy-maker has planned to snuff out, failed to, and then wished it would go away if ignored. But financial exclusion simply hasn't, and we now have the central bank applying its forensic skills to an examination of its magnitude. The title of Working Paper Series...
More »ICAI plans to audit rural job scheme
-The Hindu Chennai: In a move to usher in more transparency in Mahatma Gandhi National Rural Employment Guarantee Act, the Institute of Chartered Accountants of India (ICAI) will evolve standards to audit the scheme in 2.5 lakh villages, said ICAI president, Subodh Kumar Agarwal on Friday. Briefing reporters, he said ICAI would evolve a standardised procedure as the auditing of the MGNREGA scheme was unstructured one. He also urged the Centre...
More »Women SHGs to get loans at lower rates - Elizabeth Roche
-Live Mint Cabinet clears proposal to give loans at 7% interest rate, and 4% if SHGs repay loans within the stipulated period The federal cabinet has cleared a proposal to give loans to women self-help groups (SHGs) at 7% interest rate, cheaper than the existing 11.5-14%, bringing the cost of loans on a par with those given to farmers. SHGs that repay loans within the stipulated period will be eligible for loans at...
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