-Reuters Food minister K V Thomas says the current cost of the food subsidy is Rs 1 lakh crore India needs a Rs 20,000 crore top-up for its proposed Food Security Bill, aimed at ensuring subsidised grain for the poor, Food Minister KV Thomas said on Thursday, even as the government is seeking deep spending cuts. The bill will be introduced in the budget session of Parliament which begins on February 21. The...
More »SEARCH RESULT
Total Matching Records found : 740
Cash transfer fraud: who will bear responsibility?-Remya Nair & Surabhi Agarwal
-Live Mint Ministry wants UIDAI to be held liable for fake transactions, but the latter says that’s outside its mandate The transformation of India’s subsidy system to one in which cash is paid directly to the intended beneficiary is faced with a situation in which none of the various government agencies involved is willing to assume responsibility in cases of fraud, according to two people familiar with the development. The programme, the pilot...
More »Arun Sundararajan, Professor of Information, Operations and Management Sciences at Stern School of Business, New York University interviewed by Uttam Sengupta
-Outlook Only 30 per cent of Indian households boast of having at least one member with a ‘portable identity’ like a Passport or a Driving License. Such an identity, points out the economist from New York, is necessary for access to institutions and credit, which is why the biometric based Unique Identification (UID) project is going to be a game-changer. An alumnus of IIT, Madras,, from where he obtained a B.Tech...
More »A 'Cost-Benefit' Analysis of UID-Reetika Khera
-Economic and Political Weekly A cost-benefi t analysis by the National Institute of Public Finance and Policy of the benefits from Aadhaar integration with seven schemes throws up huge benefi ts that are based almost entirely on unrealistic assumptions. Further, the report does not take into account alternative technologies that could achieve the same or similar savings, possibly at lower cost. Reetika Khera (reetika.khera@gmail.com) is at the Institute of Economic Growth on...
More »IMF says India shouldn’t rush to give banking licences to conglomerates-Remya Nair and Asit Ranjan Mishra
-Live Mint The International Monetary fund (IMF) has warned India against licensing corporate entities to step into the business of commercial banking, saying the risks associated with such a move potentially outweigh the benefits of creating more banks. IMF’s Financial System Stability Assessment Update said it would be prudent for India to first put in place and gain sufficient experience in implementing a comprehensive framework for the purpose before considering the entry...
More »
