-The Indian Express Setting up women-only banks overlooks the reasons for their exclusion The women-only bank mentioned in the finance minister's budget speech is like flowers and chocolates — a sweet thought but just as unsubstantial. Financial exclusion of women is a real problem. It deserves far greater effort than sops like a women-only bank. Such a bank also runs counter to the logic of mainstreaming, rather than ghettoising, gender issues. It is...
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Growing, and neglected
-The Economist A steadily rising Muslim population continues to fall behind IT TELLS you something hopeful perhaps that, for all the horror unleashed when two bombs laid by presumed militant Islamists ripped through a crowd in Hyderabad on February 21st, India’s public response has been muted. The blasts killed 16 and injured 117. Both the method of the attack (bombs in metal tiffin boxes strapped to bicycles) and its location (near a...
More »Short-Lived Relief -Lola Nayar
-Outlook The rot runs deep and cuts across states As expected, the farm loan waiver scam has hit the spotlight, with the Comptroller and Auditor General’s critical report being released in Parliament. Given the intense political grandstanding on display, many think this report (on the gaps in the implementation and monitoring of the Rs 52,275-crore scheme) has the potential to be a major political embarrassment for the UPA ahead of the...
More »RBI swings into action after CAG picks holes in farm debt relief scheme
-The Business Standard Asks banks to take immediate action against officials responsible for lapses A day after a Comptroller and Auditor General of India (CAG) report pointed out irregularities in the Rs 71,680-crore agricultural debt waiver and debt relief scheme of 2008, the Reserve Bank of India today swung into action. It asked lenders to verify all the accounts granted benefits under the scheme. RBI said administrative and accounting lapses on the part...
More »Sloppy loan waiver edges out deserving farmers: CAG-Gargi Parsai
-The Hindu Evidence of tampering with, overwriting & alteration of records The Comptroller and Auditor General (CAG), in a report tabled in Parliament on Tuesday, pointed out that several ineligible farmers were favoured and a large number of deserving small and marginal farmers left out in implementation of the United Progressive Alliance’s much-touted Rs. 52,000-crore farm loan waiver scheme. The scheme, meant to help indebted farmers in districts where suicides occur, was so...
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