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Plan panel: UID beneficiaries should pay for enrollments by Surabhi Agarwal & Sangeeta Singh

The suggestion has been made in a note to the cabinet committee on UID project headed by Prime Minister Manmohan Singh The Planning Commission has recommended that the unique identity (UID) programme’s beneficiaries such as public sector banks, insurance companies, state governments and welfare programmes pay for the enrolment of people since the benefits to them will outstrip the costs incurred. The suggestion has been made in a note to the cabinet...

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What’s Wrong and Right with Microfinance by David Hulme and Thankom Arun

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

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Cleansing the State by Krishna Kumar

The anti-corruption movement has enabled the Indian middle class to feel smug about itself. Its members have gone through a vast range of emotions during the last two decades, from self-hatred to self-righteousness. Liberalisation of the economy has created for this class an excitement of many kinds. It has meant the freedom to pursue the quest for wealth without guilt and, at the same time, it has meant feeling set...

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Centre will complement CAG's work: Pranab

-The Hindu   “In a world of growing complexities and uncertainties, not every decision by the government is likely to be the most optimal. The possibility of institutional failures, oversight and ignorance impacting the decision-making process cannot be ruled out,” said Finance Minister Pranab Mukherjee. He was addressing a concluding function here on Wednesday to mark the celebration of 150 years of the Comptroller and Auditor-General of India (CAG). Mr. Mukherjee pointed out that...

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Chavan says RTI slows down decision making but brings transparency

-The Pioneer   Maharashtra Chief Minister Prithviraj Chavan said on Monday that though the decision-making process had slowed down after the RTI Act came into effect, the legislation had indeed facilitated transparency in governance. “Everybody has become extremely cautious (because of the RTI Act). There is no doubt that the decision-making has slowed down. In that transition period, we are moving towards much more transparent governance which will pay us dividends in future,”...

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