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PM Narendra Modi launches Jan Dhan Yojana; to focus on combating financial untouchability

-The Indian Express In his speech, PM Modi said that opening bank accounts is a step towards joining economic mainstream. Launching his government's first big ticket social welfare programme, the Pradhan Mantri Jan Dhan Yojana, Prime Minister Narendra Modi on Thursday gave a call for eradicating what he termed as "financial untouchability" of the poor by opening at least one bank account for every family in the country in less than...

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Cradle. Now, grave -Soumik Dey

-The Week Manorama Online Broken hearts float down the Bhakra Main Line canal. Broken by the endless struggle with the land, with the weather, with the creditor. Broken by broken promises, broken by the honour they lost, broken enough to kill themselves. And, at the sluice gate at Khanauri village they slow down, looking up with unseeing eyes. And, from the bridge across the canal, the beating hearts they broke look...

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No easy routes to financial inclusion

-The Business Standard Financial inclusion must be set up to pay for itself The Jan Dhan Yojana, a scheme for financial inclusion announced by Prime Minister Narendra Modi in his Independence Day speech, intends to take banking services to the 40 per cent of India that does not have bank accounts. This task is daunting. A good portion of those no-frills accounts that have already been opened have only minimal activity -...

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Don’t leave out the small farmer -S Chandramohan

-The Hindu Business Line Whether it is promoting a lease market in land or the use of tractors, credit should be tailored to the needs of marginal players The Finance Minister has announced several measures to make farming competitive and rev up growth in agriculture. While this is welcome, the sector as a whole needs an overhaul to make best use of these measures. To address the needs of landless farmers who are...

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Give 2013 law a fair chance -Jairam Ramesh and Muhammed Khan

-The Indian Express For the first time, the interests of farmers, livelihood losers and SC/ST communities have been given high priority. After intensive and extensive consultations lasting for over two years, the UPA 2 government succeeded in getting Parliament to pass a historic new land acquisition law in September 2013. This law completely replaced the colonial Land Acquisition Act, 1894. The new legislation did not fully satisfy everybody but it came to...

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