-The Business Standard PlanCom meets this month to hasten implementation; initial focus on target coverage might cover 300 districts After reposing faith in the Aadhaar project at its cabinet meeting last week, the Narendra Modi government wants Direct Benefits Transfer (DBT) to 80% of beneficiaries in five key schemes "as soon as possible". These include the cooking gas subsidy, where DBT was stalled under the previous government. The other schemes are on transfer...
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Getting India’s agri support maths wrong -Tejinder Narang
-The Financial Express The USDA projection of 29% of agri GDP is faulty as it counts rural development expenditure also, it is only 13% In a report titled "India's Agricultural Exports Climbs To Record High" (click here to access), the US Department of Agriculture (USDA) speaks of a steep ascent in Indian agro exports-from $5 billion in 2003 to $39 billion in 2013. This may be flattering, but the facts and figures...
More »Don’t bank on it, yet -Paranjoy Guha Thakurta
-Deccan Chronicle On August 15, Prime Minister Narendra Modi announced the Pradhan Mantri Jan Dhan Yojana, a financial inclusion scheme that will ensure that at least one member of each and every family in India not only has a bank account with a debit card, but is also provided an overdraft facility of Rs 5,000, a life insurance policy of Rs 30,000 and accident insurance cover of Rs 1,00,000. On August...
More »For India to stand up and be counted, it must substantially reduce its carbon footprint -Darryl D’Monte
-The Hindustan Times Former Union environment minister Jairam Ramesh set a cat among the pigeons, in his inimitable style, at a recent national conference on climate and sustainable development at the Tata Institute of Social Sciences (TISS) in Mumbai. He asserted that India would be "the last man standing at Paris", referring to the United Nations climate negotiations which will culminate in France in December 2015. India's current stance was "inflexible...
More »Narendra Modi's Jan Dhan - what's new? -Debashis Basu
-The Business Standard Like Indira Gandhi, even Narendra Modi seems to be relying on directing public-sector banks through ministry of finance supported by party cadres. How new is that? Narendra Modi's biggest project so far is Pradhan Mantri Jan Dhan Yojana (PMJDY), an aggressively promoted idea to open bank accounts. The English media ran full-page ads and TV commercials to announce the scheme that is supposed to reach largely rural households. It...
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