India moved a step closer to implementing cash transfers of direct subsidies and social welfare payments after a high-level panel presented the blueprint for effecting it through an Aadhaar-based payment gateway. Accepting the report, which details how all payments and cash transfers can be made electronically, finance minister Pranab Mukherjee indicated that it will be the key to plug leakages and ensure more targeted spending under the government’s social welfare programmes. The...
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Make e-payment for big sums, to cut graft: Nandan Nilekani, chairman- UIDAI
-The Economic Times A panel headed by Nandan Nilekani, chairman of the Unique Identification Authority of India, has suggested all government payments above Rs 1,000 be gradually made or received electronically to cut graft, and bring about greater transparency and accountability. The panel has also recommended creation of a network of 10 lakh interoperable micro-ATMs operated by business correspondents to allow people to access their accounts at their own convenience and said...
More »Diluting a law by TK Rajalakshmi
The Law Commission recommends making Section 498A, IPC, compoundable, and women's groups say that would affect women's interests. A REPORT of the Law Commission of India on “Compounding of (IPC) Offences” suggesting that Section 498A of the Indian Penal Code, which prescribes punishment for a husband or his relatives for subjecting a woman to cruelty, be made compoundable with the permission of the court, is fraught with several implications. The report...
More »Dr Abhijit Sen, Member-Planning Commission of India, interviewed by Ajay Vir Jakhar and Paranjoy Guha Thakurta
Dr Abhijit Sen is Member, Planning Commission of India. He is a Ph.D. in Economics from the University of Cambridge (currently on leave as Professor of Economics at the Jawaharlal Nehru University) and has also taught at the Universities of Sussex, Oxford and Cambridge. Besides serving various think tanks in the states and at the centre, Dr Sen has been a consultant with UNDP, ILO, FAO and various other multilateral...
More »Aadhaar brings pension home by Santosh K Kiro
For a change, Mangal Bedia did not board a crammed bus today and travel 15km to withdraw his old-age pension from a bank. The 70-year-old from Dohakatu village in Ramgarh district, along with 100-odd fellow elders, became the first citizens to access old-age pension by using their Aadhaar numbers with handheld ATMs on the doorstep. The banking service reached their village, thanks to the Unique Identification Authority of India (UIDAI). Until today,...
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