-The Indian Express The UPA has long been planning a shift to direct cash transfers for poor households, with a view to replacing the 3.23 lakh crore worth of unwieldy subsidies currently in place. Last year, the then finance minister Pranab Mukherjee had spoken of the famously inefficient food and fertiliser subsidies, and of a comprehensive overhaul through cash transfers. Now, that plan has been fleshed out further. The prime minister...
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Direct cash transfer of subsidies through Aadhaar from January 1
-The Hindu Direct cash transfer of subsidies through the Aadhaar card would be rolled out in 51 districts across 15 States from January 1, 2013, Union Finance Minister P. Chidambaram announced on Saturday. The scheme would aim to cover the entire country by the end of 2013, he said. Speaking at the annual Bankers’ Conference (BANCON), Mr. Chidambaram said banks would play an essential role in the direct cash transfer, as every...
More »Cash transfer: PM to play UPA-2's trump card on Monday
-The Times of India The Prime Minister is expected to formally kick off cash transfer of subsidies and entitlements, one of the most ambitious policy initiatives of UPA-2, on Monday. The scheme for cash transfers is visualized as a game-changer for UPA-2, like NREGA was for UPA-1, and is expected to give rich dividends at the elections. Manmohan Singh is expected to set January 1, 2013 as the launch date for the...
More »Pan Singh Tomar’s great grandson Anuj is a banking correspondent at village Kosarlkalan in Morena -Deepshikha Sikarwar
-The Economic Times Pan Singh Tomar, the legendary steeplechase athlete-turned-dacoit, earned an annual salary of 120 or thereabouts from the Indian Army, where he served as a hawildar in the 1950s. These days, his great grandson roams around their ancestral village dispensing similar amounts to those at the bottom of the Indian pyramid. If Tomar Sr had resorted to guns for the latter part of his life, Anuj Singh Tomar too has...
More »PM to launch Aadhaar based delivery system today
-PTI The much awaited Aadhaar enabled system for direct cash transfer to beneficiaries under social schemes such as MNREGA and pension will be launched today by Prime Minister Manmohan Singh at Dudu, Rajasthan. The payment mechanism is aimed at checking corruption and pilferage in the social sector schemes that seek to promote financial inclusion. The launch of the scheme by the Prime Minister coincides with the second anniversary of Aadhaar project, which is...
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