-The Times of India NEW DELHI: Village residents who opened bank accounts under the Prime Minister's Jan Dhan Yojana (PMJDY) may be saving more and cutting back on their consumption of alcohol and tobacco, a study by the economic research wing of the State Bank of India (SBI) suggests. This may have also slowed inflation in rural areas. When the PMJDY programme was launched there were fears that higher circulation of money...
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Aadhaar law will clear Constitution test, need to secure data: Arun Jaitley
-The Indian Express The Supreme Court is hearing a petition challenging making Aadhaar mandatory for availing benefits under various social welfare schemes of the government. The next hearing is in the first week of November. New Delhi: Finance Minister Arun Jaitley Wednesday said the Aadhaar law will “pass the test of constitutionality” and that it is important to build “ironwalls” to protect people’s data. He said the Aadhaar scheme announced by the...
More »Vague RBI guidelines see banks cap PM's Jan Dhan Yojana accounts -Mayur Shetty
-The Times of India MUMBAI: Crores of Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holders risk either having their accounts frozen or having charges imposed if they exceed four debit transactions in a month. Vague wording of the Reserve Bank of India's guidelines on basic savings bank deposit accounts (BSBDA), which include PMJDY accounts, has led to banks conjuring up ways to cap free transactions. The norms applicable to PMJDY accounts are those...
More »Centre renames maternity benefit scheme, adds Pradhan Mantri to it -Moushumi Das Gupta
-Hindustan Times The Centre has renamed the Matritva Sahyog Yojana - a scheme under which pregnant and lactating mothers get Rs 6,000 for the first live birth - as Pradhan Mantri Matritva Vandana Yojana (PMMVY) in yet another instance of the Prime Minister’s name being prefixed to a government programme. Government sources said the name of the scheme, which was cleared by the Union cabinet last week, was changed to make it...
More »Why India needs another statistical revolution -Pramit Bhattacharya
-Livemint.com The Indian statistical system is failing to fulfil the needs of 21st century policymaking The Indian state has often been a source of bewilderment to observers and analysts, and a source of frustration for its citizens who marvel at the state’s ability to perform complex tasks—such as running a successful space mission—while failing to perform many basic tasks such as ensuring the survival of newborns. Perhaps no other organ of the...
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