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SBI to use BCs for farm loan recovery

-The Business Standard   Achieves total financial inclusion in Andhra Pradesh. State Bank of India (SBI) is planning to use the rural banking correspondent (BC) network for farm loan recoveries in addition to the services prescribed under the financial inclusion plan by the Reserve Bank of India. The SBI’s Hyderabad circle with operational jurisdiction extending to the entire state of Andhra Pradesh is one of the first to achieve total financial inclusion. It has...

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Loud no to cash by Raghav Puri

In Chhattisgarh, people swear by the PDS, which has witnessed a revival since 2004 when the government revamped it. IN Chhattisgarh, as part of the survey on public distribution system (PDS) versus cash transfers, a team of student volunteers visited 12 villages spread across Mahasamund and Sarguja districts. The State may have been in the news for all the wrong reasons in recent times, but the way its PDS worked...

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Parliamentary Standing Committee May Recommend Withdrawal Of UID Bill: Report by Nikhil Pahwa

A Parliamentary Standing Committee on Finance is set to recommend that the government withdraw the National Identification Authority of India Bill 2010, reports India Today, citing unnamed sources. The recommendation is to withdraw the bill and introduce another one, because members of the standing committee found the project directionless, and that the bill and the project are not acceptable in their present form, the report states. It doesn’t quite mention...

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Laptop scheme exposes gaps in system by Vidya Padmanabhan

The scheme seeks to add a superstructure of digital empowerment without laying an adequate foundation Until recently, S. Dhibeka, 16, who had never used a computer until she chose the computer science stream last year at the aging, leafy Kakkalur Government Higher Secondary School near Chennai, could practise programming for only an hour or two a week, often sharing a desktop computer with one or more of her classmates. But since September,...

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NREGA's new avatar: Work later, take home cash now by Devika Banerji

The government is likely to allow advance part payment of wages in a bid to restore faith of beneficiaries in its flagship rural jobs scheme. The proposal is part of a slew of measures to address mounting criticism of the centrally-funded Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) which is beset by administrative logjam and charges of leakages.  The rural development ministry has asked states to initiate a monthlong pilot...

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