-The Hindu Direct cash transfer of subsidies through the Aadhaar card would be rolled out in 51 districts across 15 States from January 1, 2013, Union Finance Minister P. Chidambaram announced on Saturday. The scheme would aim to cover the entire country by the end of 2013, he said. Speaking at the annual Bankers’ Conference (BANCON), Mr. Chidambaram said banks would play an essential role in the direct cash transfer, as every...
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Cash transfer: PM to play UPA-2's trump card on Monday
-The Times of India The Prime Minister is expected to formally kick off cash transfer of subsidies and entitlements, one of the most ambitious policy initiatives of UPA-2, on Monday. The scheme for cash transfers is visualized as a game-changer for UPA-2, like NREGA was for UPA-1, and is expected to give rich dividends at the elections. Manmohan Singh is expected to set January 1, 2013 as the launch date for the...
More »SC dares govt to bar judges from posts
-The Telegraph The Supreme Court today dared the Centre to enact a law to prohibit retired judges or bureaucrats from taking up post-retirement positions in commissions or other government undertakings. A bench of Justices A.K. Patnaik and Swatanter Kumar threw down the gauntlet when additional solicitor-general A.S. Chandiok suggested “there should be no post-retirement employment”. The law officer also asked the court to review its September 12 judgment that only sitting or retired...
More »Low Cost Sanitation Scheme Extended to 12th Plan
-Outlook Government today approved the proposal to extend the ongoing scheme for erdication of dry toilets in urban areas into the 12th Five Year Plan with revised features and cost estimates. According to the decision approved by the Cabinet Committee on Economic Affairs, Government would extend the financial support to the state governments for the Integrated Low Cost Sanitation Scheme. The estimated cost for running the programme of the Ministry of Housing and...
More »RBI Rules Out Introduction of Islamic Banking
-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...
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