No, I do not completely agree. There may be situations where information would
need to be withheld for larger public interest. Such circumstances can arise when the matter concerns:
i. Preserving national security e.g. it would be wrong for the media to relay live
coverage of a terror attack while the operation is still in progress, as happened in Mumbai in 2008.
ii. Matters that are sensitive in the socio-political context and likely to arouse
negative public sentiment e.g. if a political leader is assassinated by a person
from a different religion, disclosing the assassin’s religion could lead to communal
iii. Protecting the privacy of an individual e.g. the personal details of a rape victim.
iv. Policies and programs that are still under consideration e.g. the master plan for an upcoming project which is likely to lead to a spurt in land prices.
v. Privileged and sensitive information that few people have access to e.g. writing a
book that chronicles the private functioning and inter-personal relations of a highranking functionary.
vi. Privileged information that is confidential and can be misused for speculative gains e.g. Insider trading.
- The program aims to transfer subsidies directly to the people through their bank accounts.
- Crediting subsidies directly into bank accounts help reduce leakages, delays, etc.
- DBT has now extended to most of the government schemes.
DBT has two components:
- Subsidy: When a government meets a part of the cost of providing a good or service to a beneficiary.
- Income transfer: When a government provides income support to a beneficiary.
- This is a pure transfer payment unrelated to the cost of providing any good or service.
Pros and Cons of DBT
- Better targeting of the beneficiary: In case of physical delivery of subsided products there are numerous reports of leakages, diversion of supplies, black marketing etc.
- By the use of DBT there is an assured transfer of the subsidy to the beneficiary.
- Also the problems like product adulteration, delay in supplies are eliminated.
- There is no need to have an elaborate administrative apparatus maintained at huge cost to manage the rationing of subsidized commodities.
- DBT brings in transparency and efficiency, and enables beneficiaries to get their entitlements directly to them without any delay.
- Direct transfer increases the circulation of money that will help in increasing the demand in the economy. Thus, keeping the growth cycle viable.
- DBT is dependent on the banking system, which is backbone of the system.
- Hence, anyone without a bank account will not be able to avail subsidies.
- In India, we still have the rural pockets where bank facilities has not reached yet.
- Now, the government in its move to provide universal financial inclusion is taking the initiative to provide each household with at least one bank account under Jan Dhan Yojna. Linking of the two systems i.e. DBT and financial inclusion is now actively pursued.
- The Direct Benefit transfer of LPG (DBTL) scheme is PAHAL.
- Consumers who wish to join the scheme will have to either link their Aadhaar number into their bank account.
- DBTL is designed to ensure that the benefit meant for the genuine domestic customer reaches them directly and is not diverted.
It is an apex development and specialized bank established on 12 July 1982 by an act by the parliament of India. Its main focus is to uplift rural India by increasing the credit flow for elevation of agriculture & rural non farm sector.
- It was established based on the recommendations of the Committee set up by the Reserve Bank of India (RBI) under the chairmanship of Shri B. sivaraman.
- It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC).
- It has been accredited with “matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India”.
- NABARD is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion.
It Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas.
- It takes measures towards institution building for improving absorptive capacity of the credit delivery system, including monitoring, formulation of rehabilitation schemes, restructuring of credit institutions, training of personnel, etc.
- It regulates the cooperative banks and the RRB’s, and manages talent acquisition through IBPS CWE.
- NABARD is also known for its ‘SHG Bank Linkage Programme’ which encourages India’s banks to lend to SHGs.