-The Business Standard The Union Budget for 2012-13 today reinforced the importance of Uniquie Identification programme, as the Finance Minister Pranab Mukherjee approved an outlay of around Rs 1,450 crore for Aadhaar. Finance Minister also increased the rollout target for Aadhaar card to an additional 400 million people. The enrolments into the Aadhaar system have already crossed 200 million. “The Aadhaar platform is now ready to support the payments of MGNREGA; old age,...
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FM ushers in cash transfers of direct subsidies through UID by Surabhi Agarwal
Finance minister Pranab Mukherjee ushered in a regime of cash transfers for the payment of subsidies for food, fertilizers and kerosene, along with social welfare payments, by accepting the recommendations of a panel headed by Nandan Nilekani, chairman of the Unique Identification Authority of India. The recommendations, submitted last month, had prepared a blueprint for transferring cash directly into the bank accounts of the beneficiaries by linking these to their unique...
More »Need regulation to make sure that financial inclusion becomes cost-effective by Ashok Khemka
One of the key factors to inclusive growth is financial inclusion for all. Financial inclusion refers to universal access to a wide range of banking solutions and financial services in a fair, predictable and transparent manner at affordable costs. The poor tend to be ignored because the transaction costs in serving them are high. Initiatives that reduce these costs will allow service providers to begin thinking of financial services for...
More »A simple proposal on food security
-The Hindu Dr. Manmohan Singh Prime Minister of India March 12, 2012 Dear Prime Minister, We welcome the tabling of a National Food Security Bill in the Lok Sabha as an important step towards the elimination of hunger and undernutrition in India. However, we feel that the Bill in its current form has some serious shortcomings. We are writing to propose a simpler and more effective framework for the Public Distribution System (PDS), which requires...
More »No Guarantee of Food Security in Children’s Incredible India by Razia Ismail
India’s decision-makers seem to find it difficult to see that there are children in the country. Being unable to see them, they are unable to perceive that they are hungry. In an age when we are able to use euphemisms like ‘under-nutrition’, this is perhaps not surprising. But it is disgraceful none the less. This country has a large population of children. Fortyone per cent of its total numbers. The national...
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