-The Economic Times The government is likely to shoot down the department of financial services’ (DFS) plan to appoint common banking correspondent companies for transferring cash to poor people, and replace it with a countrywide network of ‘micro ATMs’, as it seeks to finalise the last-mile payment architecture for cash transfers. In a meeting on Monday evening, Rural Development Minister Jairam Ramesh, UIDAI Chairman Nandan Nilekani, and Planning Commission officials met Finance...
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cash subsidy transfer is not a magic wand but people will get purchasing power: Expert -Joseph John
-The Times of India RAIPUR: Expert in public policy and capacity building T R Raghunandan, a former IAS officer of Karnataka Cadre, said on Thursday that transfer of cash subsidy to the beneficiaries was not a "magic wand" but it could help create purchasing power among the masses in the respective areas. Speaking at the media capacity building workshop, organised by the centre and the UN joint programme on convergence here, he...
More »Cash transfer benefit to be available by Feb-March: Montek
-MoneyControl.com The benefits of the cash transfer scheme to be rolled-out from January 1 in 51 districts will reach the intended beneficiary only by February-March, said Planning Commission Deputy Chairman Montek Singh Ahlwualia. The benefits of the cash transfer scheme to be rolled-out from January 1 in 51 districts will reach the intended beneficiary only by February-March, said Planning Commission Deputy Chairman Montek Singh Ahlwualia. In an interview to Karan Thapar for CNN-IBN...
More »Cashing in on schemes for poor -Narendar Pani
-The Hindu Any political benefit the Congress hopes to reap in 2014 will come at the cost of reducing the effectiveness of social welfare schemes In getting its ministers to endorse the shift to cash transfers from the AICC office in New Delhi, the Congress has highlighted the political nature of the move. The party clearly expects cash transfers to play the same role for it in 2014 that the National Rural...
More »Why direct cash transfer shouldn’t be used to kill the PDS -G Pramod Kumar
-First Post If we are willing to believe the best practice examples of cash transfers from Brazil and Philippines, and trust the UPA on the fact that their cash-for-subsidy is going to be all hunky-dory, we also have a right to believe Sitaram Yechury’s concerns about the fancy plan. According to the CPM leader, the cash transfer is a ploy by the government to dismantle the PDS and systematically reduce subsidies. “This is...
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