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Putting the poor on the list -Charan Singh, Akshay Goenka and Ritesh Garg

-The Hindu Business Line A new approach to financial inclusion using post offices The Government is making intensive efforts to extend access to financial resources such as savings accounts, credit and insurance services to unbanked sections of our society, and the knowledge and freedom to leverage them to one's benefit. The Budget has already mentioned that the Government considers financial inclusion as an important thrust area and the Prime Minister is expected...

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The good is in the detail -S Gurumurthy

-The Hindu   The national discourse is so superficial that it only talks of foreign direct investment, investment allowance, tax sops and the like which are just about a twentieth to a sixth of the national economy. It did not even notice paragraph 102 in the Union budget speech which is about half of India's economy. Commentators see facts hidden in budgets as the "devil's in the detail." This presumes that only...

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Rangarajan committee report: 11 major states out of 20 have lesser percentage of poor than Gujarat -Rajiv Shah

-Counterview.net Latest report on measuring poverty authored by a committee headed by former Reserve Bank of India (RBI) governor C Rangarajan, has found that as many as 11 major Indian states out of 20 have fewer percent of poor than Gujarat. Submitted to the Modi government as a plea to come up with a new poverty criterion that takes into account "public expenditure that is being incurred in areas like education,...

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'Blacklisted' Donor Agency Funds Gujarat Government Projects -Sreenivasan Jain

-NDTV After the Intelligence Bureau controversially concluded that Greenpeace India is "a threat to national economic security", the government asked for tighter controls on moving funds from abroad into the NGO's accounts. NDTV has learnt that one of the blacklisted foreign donors, the U.S.-based Climate Works Foundation, has helped fund projects run by the government in Gujarat, the home state of Prime Minister Narendra Modi. The Intelligence Bureau said in its report...

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100,000 Maharashtra farmers may not get loan to sow kharif crop -Aparna Pallavi

-Down to Earth   Reserve Bank of India refuses to bail out three district cooperative banks Kharif sowing season is close at hand, but around 100,000 farmers of Nagpur, Wardha and Buldhana districts in Maharashtra are unlikely to get agricultural loan or hailstorm relief from the District Central Cooperative Banks (DCCBs) because the Reserve Bank of India (RBI) has rejected banking applications of these banks. Worse, fixed deposits worth Rs 1,716 crore belonging...

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