India moved a step closer to implementing cash transfers of direct subsidies and social welfare payments after a high-level panel presented the blueprint for effecting it through an Aadhaar-based payment gateway. Accepting the report, which details how all payments and cash transfers can be made electronically, finance minister Pranab Mukherjee indicated that it will be the key to plug leakages and ensure more targeted spending under the government’s social welfare programmes. The...

Central allocation for the Mahatama Gandhi National Rural Employment Guarantee Scheme (MNREGS) has been falling in recent years, with this year recording the steepest decline. Money released for the scheme fell from Rs 35,242 crore last year to Rs 21,441 crore this year, while expenditure has gone down from Rs 39,000 crore last year to Rs 20,000 crore as of January-end. The average workdays under the scheme, which provides a legal entitlement...

-The Business Standard   A Nandan Nilekani-led task force on an Aadhaar-enabled unified payment infrastructure has recommended setting up a network of one million interoperable micro-ATMs across the country. The ATMs will be operated by business correspondents. The task force, headed by the Chairman of Unique Identification Authority of India, submitted its report to Finance Minister Pranab Mukherjee on Thursday. The panel has suggested that in order to set-up this network quickly, a last-mile transaction...

The Scheduled Castes and Tribes have been denied over one lakh crore rupees during the Eleventh Plan, says the National Campaign on Dalit Human Rights. Uttar Pradesh has been most efficient in the allocation and utilisation of the funds. During the Eleventh Plan period (2007-12), a whopping Rs 1,00,215 crore has been denied to Scheduled Castes and Scheduled Tribes under the Sub-Plans of the Government, according to National Campaign on Dalit...

After much debate, the Cabinet cleared the food security bill. Will it really ensure food for every Indian? THE Lokpal Bill debate may have ended in a fiasco but 2011 ended on a positive note for the Congress-led UPA government on another count. Its pet project, the National Food Security Bill (NFSB), was cleared by the Union Cabinet and introduced in Parliament. The bill seeks to address widespread hunger in the...