-DNA Bhopal: The state government on Tuesday said the 'cash transfer scheme' announced by the Central government recently was already in place here.   "The process of transferring amounts of subsidy directly into bank accounts of beneficiaries is already in place in Madhya Pradesh with a view to preventing leakage in govt subsidy schemes and ensuring transparency in selection of beneficiaries", read a press statement issued by the government.   According to it, Chief Minister...

-The Financial Express The massive scale and complexity of major subsidy schemes are likely to delay the ambitious plan of limiting state subsidy on food, fertiliser and petroleum products only to the poor by directly transferring cash to their bank accounts using a unique identity number (Aadhaar). While other cash payments like pension, scholarship, wage under rural job guarantee scheme can be transferred directly to the beneficiary’s bank account, it is difficult...

-The Indian Express Cash transfers seem to be the latest fad. With elections looming, the Prime Minister’s National Committee on Direct Cash Transfers has been tasked with an ambitious mandate to provide vision and direction to enable direct cash transfers of subsidies under various government schemes and programmes to individuals to enhance efficiency. Certain activists warn against an ill-considered and hasty transition from food to cash. Others believe directly transferring the...

-Outlook Kochi: Reserve Bank Governor D Subbarao today ruled out introduction of Islamic banking in the country but said other methods for channelising funds based on the principles of Islamic law can be looked at. "Islamic banking is not possible", he said, adding the central bank could look at other vehicles based on Islamic banking principles to channelise NRI funds. Replying to a question on the issue, Subbarao said: "There are some legal...

-The Hindustan Times India contributes more hungry people to the world each year than all other countries put together, and despite efforts, new figures suggest that hunger is far from contained - in fact we are worse off than we were more than a decade ago. According to the Global Hunger Index 2012, recently released by the International Food Policy Research Institute (IFPRI). India's rating was 22.6 in '96, 24.2 in '01...