-Down to Earth People want Direct Benefit Transfer system to be replaced with old practice of getting rice at Re 1/kg at the ration shop Hundreds have protested against the Direct Benefit Transfer (DBT) scheme started by the government of Jharkhand by marching from the Katahal Mor area of Ranchi towards the Chief Minister’s house via Piska Mor. The protest was organised jointly by civil society organisations and the major opposition parties...
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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 »Indian Banking: Current Challenges & Alternatives for the Future -CP Chandrasekhar and Jayati Ghosh
-Macroscan.org Indian banking today is at a tipping point. Banks are burdened with non-performing assets, incurring significant losses due to provisioning and unable to sustain credit growth, and therefore changes are both necessary and inevitable. There are possible strategies with very different implications: many leading Banks could be restructured with state support and encouraged to regain the status they had as major instruments of development policy in the two decades after...
More »India's wilful defaulters owe more than Rs 1 lakh crore to Banks -Atul Thakur
-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...
More »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...
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