-Reuters RANCHHODPURA, India (Reuters) - Working out of a tiny rented room furnished with a wooden table, small biometric authentication machine and shelf stacked with passbooks, Ganesh Dangi is a one-man bank for a village of 650 people in northwestern Rajasthan. A business correspondent, or local representative, for State Bank of Bikaner and Jaipur (SBBJ) in Ranchhodpura village, 40 km (25 miles) east of Udaipur, Dangi is racing to sign up villagers...
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Banking roadblock for cash transfer scheme
-The Times of India JAIPUR: Direct cash transfer scheme that was rolled out from January 1 this year in three pilot districts of Rajasthan is facing crippling absence of banking infrastructure and at this point it's anybody's guess when the banks can do their part to provide legs to the UPA-II's ambitious project. One of the pillar's of the project was to have banking correspondents (BCs) in the unbanked villages so that...
More »Direct Cash Transfer System a 'Pure Magic': PC
-Outlook Jaipur: Describing the proposed Direct Cash Transfer scheme a 'pure magic' that brings a big responsibility on banks for its implementation, Finance Minister P Chidambaram today asked bankers to work with the government to make the scheme a success. "Through this unique benefit transfer scheme, money when it is released, will instantaneously be credited in the bank account of the beneficiary, leaving no scope for corruption and pilferage. That is why...
More »Panel finds lapses in development of ‘first indigenous Bt cotton’ -K Venkateshwarlu
-The Hindu ICAR “shielding errant officials” by delaying the report In a damning indictment of the way some Bt cotton varieties were developed and commercialised in the country, a committee headed by Prof. S.K. Sopory, Vice-Chancellor of JNU, found that indigenous Bikaneri Nerma (BN) Bt cotton variety was contaminated by a gene patented by Monsanto. Having found lapses in the “BNLA106 event”, the committee has held as “invalid” the data obtained from bio-safety...
More »Guess who paid for Vadra’s Bikaner land? DLF again by Vivek Kaul
-Firstpost.com The floodgates seem to have opened when it comes to news reporting on Robert Vadra and his real estate dealings. DNA today reported that “In a flurry of deals between June 2009 and August 2011, Robert Vadra purchased at least 20 plots of land collectively measuring more than 770 hectares in Rajasthan’s Bikaner district, in a region that would see prices spiraling soon after.” According to the newspaper, “A clutch of...
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