-The Times of India NEW DELHI: As on September 30, 2017, more than Rs 1.1 lakh crore was owed to banks by people or companies characterised as “wilful defaulters”, that is those who are unwilling to pay despite having the capacity to do so. TOI analysed more than 9,000 such accounts for which banks have filed lawsuits for recovery and found that the top 11 debtor groups, each with dues of...
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Jharkhand govt's bank transfer pilot for food subsidies turns a nightmare -Ashlin Mathew
-National Herald More than 25% of the villagers in Nagri, near Ranchi, where the pilot was introduced, have not received subsidies. Most have made multiple trips to the banks wasting their money and yet no solution Aychi Nagduwar is 85 years old and she lives with her 40-year-old mentally-challenged son in Singhpur near Ranchi. The food subsidy supposed to be credited by the Jharkhand government under the Direct Benefit Transfer (DBT) scheme...
More »97 Percent Residents Unhappy with Jharkhand's Direct Benefits Transfer Scheme, Says Survey -Aradhna Wal
-News18.com Released by economist Jean Drèze on Saturday, the survey looked into the workings of the Direct Benefit Transfer among 244 households in 13 villages in Nagri block of Ranchi, under which residents first collect their food subsidy in cash from their banks accounts, and then purchase rice from their ration shops at Rs 32 per kg. New Delhi: The Jharkhand government’s experiments with Direct Benefits Transfer (DBT) has left nearly 97...
More »How DBT is causing tremendous inconvenience and why most people are unhappy with it
-CounterView.org A survey, coordinated by well-known academic Jean Drèze and researcher Nazar Khalid, has found an overwhelming popular opposition to the direct bank transfer (DBT) experiment in Jharkhand. Details of the survey: Glitches in the system have deprived people of nearly half of their food rations in the last four months. When they do get their rations, people spend 12 hours collecting them, on average. Most people are opposed to the new...
More »Jaitley rules out privatisation of public sector banks
-PTI Finance Minister Arun Jaitley today ruled out privatisation of public sector banks as a response to the Rs 11,400-crore fraud hitting Punjab National Bank, saying the move may not be politically acceptable. Speaking at an event, he said a lot of people have started talking of privatisation in the aftermath of the PNB fraud. “This (privatisation) involves a large political consensus. Also, that involves an amendment to the law (Banking Regulation...
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