-Livemint.com With banks and ATMs under water, people were able to draw cash from Aadhaar-enabled micro-ATMs New Delhi: When heavy rains marooned large parts of Tamil Nadu, banking correspondents (BC) armed with Aadhaar-enabled micro-ATMs fanned out to help people retrieve cash from their bank accounts. The flood swept away many belongings including the bank pass book, debit card and other identification documents of S. Sangeetha, 28, who lives in Anumandai village in...
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PMO sets ambitious paperless target -Vikas Dhoot
-The Hindu All govt departs and ministries have been asked to provide electronic options for all payments and receipts by March 31, 2016. The Prime Minister’s Office has set an ambitious target to shift at least 90% of all government transactions that involve payments or receipts from citizens and businesses to electronic or paperless mode by the end of 2016, replacing the use of cash, demand drafts, cheques and challans in government...
More »Making DBT in fertilisers work -Harish Damodaran
-The Indian Express India’s largest nutrient maker tells The Indian Express how 11 crore farmers can directly receive subsidy now going to the industry. Direct Benefit Transfer (DBT) of fertiliser subsidy to farmers is an eminently feasible proposition and the Narendra Modi government should lose no time in going ahead with its implementation, says US Awasthi of the Indian Farmers Fertiliser Cooperative (Iffco). “People interested in stalling DBT are giving all sorts of...
More »Legal status, lack of coordination holding up Aadhaar and DBT -Ruhi Tewari
-The Indian Express The SC directive that Aadhaar can’t be made mandatory for any service — which the government can’t oppose until Aadhaar gets legal validity — has complicated the issue. On January 1, 2013, the Congress-led UPA government launched the Direct Benefits Transfer scheme, centred around the Aadhaar project begun a few years earlier. Teething troubles and implementation bottlenecks followed, the interest of the outgoing dispensation waned, and both Aadhaar...
More »No conditions apply -Renana Jhabvala
-The Indian Express Cash in the hands of the poor can transform their lives. With bank accounts and an Aadhaar card for all becoming a reality, it is possible to transfer money directly to the poor and check middlemen who siphon away funds. Cash transfers (CTs) come in many forms. They may be conditional or unconditional, selective or non-selective, targeted or universal. Some types of CT are as susceptible to misuse as...
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