-The Times of India NEW DELHI: Jupiter's gravity could be Rahul Gandhi's flourish, but "escape velocity" is a buzzword in macro economics and empowerment this year, figuring in the title of an influential paper by two Harvard economists studying racial inequality. In "Achieving escape velocity: Neighbourhood and school interventions to reduce persistent inequality", Harvard's Roland D Fryer and Lawrence F Katz examine policies that enable youth to "escape the gravitational pull of...
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Punjab government plans to pay farmers directly -Madhvi Sally
-The Economic Times NEW DELHI: With paddy arrivals yet to pick up across Punjab, the state government now plans to make direct payments to farmers. The move is aimed to protect farmer's interest particularly the small and marginal from being exploited by the commission agents/arthiyas. The issue of direct procurement and payment to farmers had been delayed for several years with both the Congress ruled and Akali-BJP government not keen to upset...
More »Direct cash transfers: 'The previous system was so much more convenient' -Ruhi Tewari
-The Indian Express Rajasthan/ Delhi: Three states where the UPA govt has rolled out direct cash transfers go to polls later this year. On the ground, the scheme has not quite turned out the game-changer the government reckoned it would. A frail Gori Sahaab, 90, instructs his son to pour mustard oil into a tiny diya in his one-room house. He once used a kerosene lamp but has stopped buying that fuel....
More »Aadhaar, fingerprint scan enough to open bank account-Mayur Shetty
-The Times of India MUMBAI: A few weeks after RBI governor Raghuram Rajan stressed on building credit histories of individuals based on the Aadhaar number, one bank has introduced unique identity-based eKYC for opening loan and savings accounts. Axis Bank, which is using payment company Visa's network to access Aadhaar database , will introduce the eKYC facility in around 25 branches next week. The branches will open loan and deposit accounts based...
More »A Tough Gangtok Rap -Soumik Dutta
-Outlook An RTI exposes how the Sikkim govt has blatantly misutilised funds meant for quake relief Whose Money Is It Anyway! Of the Rs 60.45 crore allocated for construction of roads and bridges, the state government gave only Rs 30 crore Another Rs 52.64 crore was allocated, of which the government again spent only Rs 3 crore On the other hand, the...
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