-The Hindu It took nearly three years for the Reserve Bank of India (RBI) to give a final shape to the government’s decision to let more players in the private sector banking field. That by itself offers a clue to the divide in thinking between the fiscal and monetary managers of the Indian economy. When it did come out with guidelines for “Licensing of New Banks in the Private Sector”, the...
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MNREGA will help implement direct benefit transfers: PM
-PTI The jobs scheme has expedited the financial inclusion of the rural population, says Manmohan Singh Prime Minister Manmohan Singh on Saturday said bank and post office accounts opened under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) will help the government provide direct cash transfers to the people. “MNREGA has brought momentum in the financial inclusion of our rural population. Besides direct financial benefit, the scheme has given many indirect benefits...
More »Don’t rush with cash transfers as it needs preparation-Ajay Chhibber & K Seeta Prabhu
-The Economic Times Cash transfer in various forms has been used in many countries to target support to the poor and achieve social objectives. In India, its introduction has generated more passion than rational debate. The scheme is not a magic bullet, but if properly implemented and targeted, cash transfer is a very sensible instrument of social assistance. In India, the rationale for introducing the scheme seems to be to check...
More »Mahatma Gandhi National Rural Employment Guarantee Act has potential to bring second green revolution: Sonia Gandhi
-PTI Congress President Sonia Gandhi today strongly pitched for utilising MNREGA to increase agricultural production, saying the flagship scheme can play a big role to usher in second green revolution in India. "I am of the belief that MNREGA has tremendous potential to increase agriculture production, which we have not been able to tap fully till date. There are many possibilities not only for creating community assets in villages but also providing...
More »Going from Zero FIRs to e-FIRs -Aparna Viswanathan
-The Hindu The government must allow the online filing of first information reports in rape cases as that alone will ensure mandatory and automatic registration of complaints On January 18, 2013, Delhi police chief Neeraj Kumar announced that Zero First Information Reports (FIRs) may be registered on the basis of a woman’s statement at any police station irrespective of jurisdiction. This means women can file an FIR at any police station and...
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