-The Economic Times The trend in Plan spending so far is disheartening. Actual expenditure during the first five months of the current fiscal year amounted to about 28% of the budgeted spending of Rs 5,21,025 crore for this fiscal - the lowest proportion recorded over the last five years. Ministries and departments are said to be willing to surrender unspent money, rather than take decisions that they fear could be questioned by...

-ENS Economic Bureau At a time when companies such as Kingfisher Airlines and Suzlon Energy have defaulted on bank loans, finance minister P Chidambaram on Tuesday made a strong pitch for individual borrowers with low income, asking banks and financial institutions to not hesitate in giving loans to them. “The poor in India are not bad borrowers. The poor in India are not dishonest borrowers. The poor in India are ethical, honest...

-Pratirodh.com Biometric data based 12 digit Unique Identification (UID)-Aadhaar Number linked welfare schemes is being bulldozed with 2014 elections in mind with the ulterior motive of altering voting behavior of the citizens by creating a ‘universal identity infrastructure’ linked to ‘unified payment infrastructure’.   Ahead of next parliamentary elections, with the launch of 21st crore UID-Aadhaar Number and Aadhaar Enabled Service Delivery (AESD) on October 20, 2012 contemptuously ignores Parliament, Parliamentary Committee,...

-The Hindu Dudu (Rajasthan): The Union government launched an Aadhaar-enabled service delivery system here on Saturday with a promise of eliminating fraud, black-marketing, pilferage in schemes and bribery through a reliable mechanism of direct cash transfer to beneficiaries in a transparent manner. Prime Minister Manmohan Singh and United Progressive Alliance chairperson Sonia Gandhi inaugurated the ambitious programme, which seeks to integrate the government-run flagship schemes with the Aadhaar card system at a...

-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...