-Outlook Kochi: Reserve Bank Governor D Subbarao today ruled out introduction of Islamic banking in the country but said other methods for channelising funds based on the principles of Islamic law can be looked at. "Islamic banking is not possible", he said, adding the central bank could look at other vehicles based on Islamic banking principles to channelise NRI funds. Replying to a question on the issue, Subbarao said: "There are some legal...

-The Business Standard Cash transfer is targeted at the poor, but Aadhaar has no role in identifying the poor The disbursement of subsidies through direct cash transfers is round the corner. It will begin in 51 districts in the new year, just over a month away, and in half the country in four months’ time. So it is important to ask: do we have the capability to take on this job,...

-The Hindustan Times The UPA government's ambitious unique identification or Aadhaar project would result in saving of about Rs. 1,10,000 crore by 2020, around 58% of expenditure of major public welfare schemes, a Planning Commission study released on Saturday said. The Prime Minister's Office had given April 2014 as the deadline for disbursing cash transfer through the UIDAI platform for all major government schemes. A cost benefit analysis done by the National...

-PTI Integrating unique identification number project “Aadhaar” with various social sector schemes like rural employment guarantee programme and PDS, would yield rich dividends for the government, says a study. According to cost benefit analysis study done by the National Institute of Public Finance and Policy (NIPFP), the investment on Aadhaar project would provide a return of as high as 52.85 per cent to the government. Substantial benefits would accrue to the government by...

-The Pioneer Integrating unique identification number project “Aadhaar” with various social sector schemes like rural employment guarantee programme and PDS would yield rich dividends for the government according to cost benefit analysis study done by National Institute of Public Finance and Policy (NIPFP). “After taking into account all the costs, and making modest assumptions about Leakages, the study finds that the Aadhaar project would yield an internal rate of return of 52.85...