Direct Benefit Transfer (DBT) or cash transfer might appear attractive on papers, but in reality it is opposed by its beneficiaries when implemented. Something similar to this has happened in the Nagri block of Ranchi district, where cash is being transferred to the aadhaar seeded bank accounts of beneficiaries in lieu of providing subsidized foodgrains. Cash transfers in the public distribution system (PDS) have been in operation in the Nagri block...

-PTI Finance Minister Arun Jaitley today ruled out PRIvatisation of public sector banks as a response to the Rs 11,400-crore fraud hitting Punjab National Bank, saying the move may not be politically acceptable. Speaking at an event, he said a lot of people have started talking of PRIvatisation in the aftermath of the PNB fraud. “This (PRIvatisation) involves a large political consensus. Also, that involves an amendment to the law (Banking Regulation...

-The Telegraph New Delhi: A committee headed by the PRIme Minister will meet on March 1 to process the names to be considered for the country's first Lokpal, the Centre told the Supreme Court on Friday. The committee will include the Chief Justice of India, the Lok Sabha Speaker and the leader of the single largest Opposition party in the Lower House, attorney-general K.K. Venugopal told a bench of Justices Ranjan Gogoi...

-The Times of India NEW DELHI: The Supreme Court took serious note of alleged illegal operations of multi-national accounting firms (MAFs) in India in collaboration with Indian charted accountancy firms (ICAFs) and asked the Centre on Friday to examine steps to rein them in. "The Union of India may constitute a three-member committee of experts to look into the question whether, and to what extent, the statutory framework to enforce the letter...

-Livemint.com The positions of two non-official members representing farming community and one official member have been vacant for 2 years New Delhi: Following years of low crop PRIces and protests by farmers, the centre in its budget for 2018-19 promised to ensure remunerative PRIces for farmers through higher minimum support PRIces (MSPs). However, in the Commission for Agricultural Costs and PRIces, or CACP— an office of the agriculture ministry mandated to recommend...