-The Economic Times The government is likely to shoot down the department of financial services’ (DFS) plan to appoint common banking correspondent companies for transferring cash to poor people, and replace it with a countrywide network of ‘micro ATMs’, as it seeks to finalise the last-mile payment architecture for cash transfers. In a meeting on Monday evening, Rural Development Minister Jairam Ramesh, UIDAI Chairman Nandan Nilekani, and Planning Commission officials met Finance...
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Those lending support to UPA government are also against FDI, says Prakash Karat -Rahi Gaikwad
-The Hindu No consensus among UPA allies on FDI: Prakash Karat Patna: Ahead of the vote in Parliament on foreign direct investment (FDI) in multi-brand retail, Communist Party of India (Marxist) general secretary Prakash Karat said here on Saturday that since parties with a majority were opposed to the policy, there was no consensus among the allies of the United Progressive Alliance (UPA) on the issue. Asked about the dithering position of the...
More »ipaidabribe.com: A website that encourages Indians to share their bribe giving experiences-Malini Goyal
-The Economic Times Something interesting happened in Mumbai last month. For the first time ever, Harvard Business School stepped out of its Boston campus to bring its leadership and corporate accountability programme for senior corporate executives to India. The programme focuses on promoting socially and financially responsible corporate conduct. In an environment where scams and business scandals are making headlines every day, the turnout for the four-day programme was expectedly impressive. "Corruption...
More »'Direct cash transfer not to affect cheap rice scheme'
-PTI The Odisha government today said its cheap rice scheme would not be affected after the Centre introduced direct cash transfer to beneficiaries. "We do not feel that the state government's Rs 2 a kg rice programme will be affected. This is because the Centre has decided not to include food subsidies in the direct cash transfer system in the first phase," said state Finance Secretary J K Mohapatra. Mohapatra said the direct...
More »Chhattisgarh writes to Prime Minister against direct cash transfer of subsidies -Ashish Mukherjee
-NDTV Raipur: Chhattisgarh does not favour the Centre's plan to dole out subsidies to beneficiaries by direct cash transfer, the state's chief minister Raman Singh has told the Prime Minister. In a letter to Dr Manmohan Singh and Union Food Minister KV Thomas, the chief minister said limitations in banking and information technology would make it difficult for Chhattisgarh to implement the scheme. He said Public Distribution System (PDS) outlets were the most...
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