Central pension plan NPS finally gets a boost The ‘New’ NPS Measure: Improve incentives for distributors. Has been recently implemented. Impact: Was required. But won’t be enough, need consumer education to build volumes. Proposal: Increase fund management fees with an option to lower later. Impact: Under consideration. But finance ministry unhappy with increase in costs. Proposal: Relax the norms to appoint more fund managers to increase distribution. Impact: Unlikely. At...
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Micro ATM launched by UIDAI for daily wagers with Aadhaar
-The Financial Express The Unique Identification Authority of India (UIADI) has launched a micro ATM device that would enable beneficiaries like MG-NREGA workers with Aadhaar to withdraw money near their doors through core banking system. "The beneficiary has to put his finger and Aadhaar number in to the micro ATM wireless device and get the money within 8 to 9 seconds from a business correspondent after verification about the beneficiary having that...
More »Jairam Ramesh promises succour to poor, single women by K Balchand
-The Hindu Despite low literacy rates, most of the low-income single women in the country are not dependent on their families but run their households on their own, according to the findings of a study released by Union Minister for Rural Development Jairam Ramesh. However, since the government does not consider them so, they are neglected and forced to survive on less than the prescribed minimum wage. Mr. Ramesh released the study...
More »Survey of child labour in five U.P. districts ordered by Aarti Dhar
“Total abolition of child labour central to human development” The National Commission for Protection of Child Rights (NCPCR) has ordered a survey of child labour in five districts of Uttar Pradesh, where a large number of children are employed in carpet industry and other labour intensive units. The survey will include data on the number of children rescued and action taken for their rehabilitation. The survey directive was given by a jury...
More »RD ministry goes plan panel way, to discuss annual funds with states by Subodh Ghildiyal
The Union rural development ministry has decided to ape Planning Commission's discussion with states for annual finances to send a stronger message about Centre's authorship on welfare schemes, a move aimed at addressing the longstanding gripe of Congress that states were cornering all the credit. The ministry has asked states to prepare for "annual plan discussion for RD schemes" from 2012, a consultation to finalise their budget for each scheme...
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