-The Times of India MUMBAI: The ration card - the government issued booklet for availing of subsidized food under the public distribution service - is set to lose its privileged status as a valid document for opening bank accounts. Aadhaar is now set to become the single universal document for opening a bank account in India. In a circular dated July 17 addressed to banks, the RBI said that it has revised...
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The good is in the detail -S Gurumurthy
-The Hindu The national discourse is so superficial that it only talks of foreign direct investment, investment allowance, tax sops and the like which are just about a twentieth to a sixth of the national economy. It did not even notice paragraph 102 in the Union budget speech which is about half of India's economy. Commentators see facts hidden in budgets as the "devil's in the detail." This presumes that only...
More »Oil companies go solar to light up lives of 1m school kids -Sanjay Dutta
-The Times of India NEW DELHI: State-run oil biggies are to tap solar power to light up the lives of one million school-going kids and help them shine in academics. The companies are to provide solar home lighting systems so the children can study after dark without suffering the heat and toxic fumes of kerosene lamps. The project is to be implemented in districts with high consumption of kerosene on "area...
More »Now, earn a degree under PM’s Rural Development Fellowship Scheme
-The Economic Times NEW DELHI: Ahead of the general elections next year, the government will recruit 140 young graduates for a three-year fellowship scheme to oversee better delivery of flagship programmes in backward and remote districts in the country. This is an extension of the ongoing Prime Minister's Rural Development Fellowship (PMRDF) scheme and will cost the government Rs 36 crore for a twoyear fellowship while in the last year of...
More »CAG pulls up HRD Ministry on Aakash tablet project
-PTI CAG today slammed the HRD Ministry for the shortcomings in the Aakash tablet project, raising questions over "arbitrary" selection of IIT, Rajasthan to launch the scheme without carrying out an assessment of its capacity to undertake the work. In its report tabled in Parliament, the government auditor observed that IITR had told the Ministry that around 90 per cent of the tablets supplied by Datawind between August and November 2011 were...
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