Direct Benefits Transfer

Economic Survey 2014-15 sees no need for 'big bang' reforms to get 10 percent growth

The Economic Survey tabled in parliament is more optimistic in tone than others in the recent past. It sees "creative incrementalism" as the route to reforms and raising GDP growth to double-digits. One-shot big bang reform is not needed

Jan Dhan: Drop in zero-balance accounts as LPG cash subsidies flow in

The Jan Dhan Yojana scheme's success depends on how active these accounts become. One sign: the number of zero-balance accounts is falling. The LPG cash transfers may be helping

Direct benefit scheme to be rolled out in phases

Government is launching the direct benefit transfer scheme in a phased manner across districts of the country, Minister of State for Planning Rajeev Shukla said today.

LPG cash subsidy: How oil cos will pay for UPA re-election

The PMO is planning to pay the LPG cash subsidy for only one cylinder upfront: this means the oil companies will bear a part of the UPA's re-election costs

Jan Dhan may get Modi into Guinness book, but duplicate accounts will burden banks

In the absence of a careful approach, as the RBI highlighted, 7.5 crore zero-balance accounts will become a liability to the system

Jan Dhan plus DBT is a winner; over 3 years, it won't be a back-breaker for banks

In a worst-case scenario, the Jan Dhan Yojana could cost banks or the govt upto Rs 13,500 crore annually. But once more subsidies are moved to direct transfers and bank accounts, it will break even