India’s plan to offer unique identity (UID) cards to all citizens will bring a range of banking services within reach of millions of poor who currently cannot even open a bank account, says a report released on Friday by the Unique Identification Authority of India (UIDAI), which is executing the project. Facilities such as microfinance are beyond the reach of many poor people in both towns and villages who do not...

The Integrated Child Development Services (ICDS) scheme has been conceived as a major intervention by the Central government to deal with the high rates of infant mortality, low birth weight, and malnutrition among women and children. The scheme essentially targets children in the age group of zero to six years and women in the reproductive age group. The problem is that the ICDS is seen as the success story behind...

WELL before Budget 2010-11 was presented, inflation had emerged as the principal economic problem in the country. With food-price inflation running at close to 20 per cent, even the United Progressive Alliance (UPA) government at the Centre had been forced to recognise it as a problem that deserved as much attention as the objective of achieving a 9 or 10 per cent rate of growth, if not more. In fact,...

Just as microcredit on its own does not represent full financial inclusion, it is our view that neither do business correspondent accounts In a country of 1.2 billion individuals, if we exclude children, we should at least have 900 million bank account holders before we can say the job of basic inclusion in banking is complete. No matter how we count, however, the actual number of bank account holders do not...

During the last 10 days two land acquisition notifications have been set aside. The Punjab and Haryana High Court (HC) has quashed a Haryana government’s 2002 notification for inappropriately releasing land to private developers. Similarly, the Allahabad High Court has repealed a UP government’s notification under which land was acquired for a private project in 2005. Both notifications have been cancelled on account of procedural lapses. However, these rulings highlight...