-MoneyControl.com The Survey calls for a re-prioritization of expenditure especially in the subsidy front by cutting down the subsidy bill in case of Oil and Fertilizer and by increasing the efficiency of Targeted Public Distribution System (TPDS) and Direct Benefit transfer. “The Survey calls for a re-prioritization of expenditure especially in the subsidy front by cutting down the subsidy bill in case of Oil and Fertilizer and by increasing the efficiency of...
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A walk on the wild side
-The Economist Government borrowing generates inflation, widens the external deficit and crowds out much-needed investment. Can India now overcome its debt addiction? INDIA has grappled with its public finances for long enough. When presenting its first budget after independence in 1947, the finance minister of the day insisted that the country was not living beyond its means. Yet every budget since has failed to produce a surplus. India borrows more heavily...
More »NAC members raise concerns over direct benefit transfer scheme-Anuja & Liz Mathew
-Live Mint Concerns raised over the efficiency of banking networks and on-the-ground preparations for the scheme A section of the Sonia Gandhi -led National Advisory Council (NAC) is not happy with the government “rushing into” the direct benefit transfer (DBT) scheme, expected to be the flagship programme of the ruling Congress party in the national election scheduled for next year. At a meeting of the NAC on Tuesday, where Unique Identification Authority of...
More »India to vote against Sri Lanka in UNHRC -Bosco Dominique
-The Times of India PUDUCHERRY: India will vote in support of a US-backed resolution against Sri Lanka proposed to be moved before the United Nations Human Rights Council (UNHRC) in Geneva next month, Union minister in the Prime Minister's Office ( PMO) V Narayansamy said on Sunday. Talking to reporters, he said that PM Manmohan Singh has promised to support the resolution against Sri Lanka on war crimes and human rights violations...
More »Aadhaar must be basis for direct benefit transfers: Ashok Khemka
-The Economic Times The Direct Benefits Transfer (DBT) scheme commenced with the initial rollout in 20 districts covering seven scholarship schemes. Another 23 districts will be covered by March this year. The intention is to link all government benefits to Aadhaar-based identification of beneficiaries and to channelise the cash benefits through Aadhaar-enabled bank accounts. Irrespective of the merits of translating some benefits delivered in kind like in PDS into their cash-equivalent, for...
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