-Livemint.com Universal basic income (UBI) cannot come at the cost of existing welfare schemes and exclusive reliance on Aadhaar-linked cash transfers can prove to be short-sighted, says Carnegie India report New Delhi: A universal basic income (UBI) for Indian citizens cannot come at the cost of withdrawing existing welfare schemes and an exclusive reliance on Aadhaar-linked welfare payments for cash transfers can prove to be short-sighted, says new research. The central design features...
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Women hold over 50% of Jan Dhan accounts
-The Times of India NEW DELHI: In what marks a boost for financial inclusion, more than half of PM Jan Dhan Yojna account-holders are women and they are also carrying out transactions rather than merely opening accounts, a sample survey by a financial inclusion consulting firm has indicated. The “State of the Agent Network 2017” report released by Microsave on Wednesday found that there has been a more than 200% increase in...
More »Aadhaar that doesn't exclude -Ashok Kotwal & Bharat Ramaswami
-The Indian Express Biometric authentication by PDS dealers defeats the unique identity scheme’s purpose. An aborted scheme in Madhya Pradesh that relied on once-in-a-year authentication can curb exclusion errors. Aadhaar is in the news today partly because of security concerns and partly because of reports that the poor are unable to receive PDS rations because of failures in Aadhaar authentication. Here, we will focus on the latter with an eye to look...
More »Pranab Bardhan, professor of graduate school in the department of economics at the University of California (Berkeley), interviewed by Devadeep Purohit (The Telegraph)
-The Telegraph The Left in Bengal had often criticised him whenever he red-flagged excessive local tyranny, and spoke about the industrial decline in Bengal. The incumbent ruling party may make tall claims about changes in Bengal since the Trinamul government came to power but he has been candid enough to suggest that he hasn't seen much change either in industrial expansion or in investment in infrastructure. Former Prime Minister Manmohan Singh has...
More »Electoral Bonds prize anonymity, you won't know who's bought them -Milan Vaishnav
-The Indian Express Far from reducing opacity in how politics is financed, this new vehicle merely legitimizes it. It is an open secret that political finance in India is, to put it mildly, a sordid affair. When it comes to political contributions, opacity reigns. The situation is not much better when it comes to expenditure, as candidates regularly declare laughably small amounts of campaign spending in order to give the appearance...
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