-Hindustan Times In a startling revelation, the addresses of five out of 14 investment brokerage firms – hired by UP Power Corporation Limited (UPPCL) authorities for investment of employees’ provident fund – were found to be fake, said senior officials UP police’s Economic Offences Wing (EOW). These 14 firms were hired by UPPCL authorities since March 2017 for investment of employees’ PF in Mumbai-based Dewan Housing Finance Corporation Limited (DHFL), said an...
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Dr. Surjit S Bhalla, economist and Executive Director for India on the board of International Monetary Fund (IMF), interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line “Join the Regional Comprehensive Economic Partnership (RCEP), but do not ignore your internal market and demand. Ninety per cent of our bad export story is domestic challenges, 10 per cent is external environment or external policy,” says Economist Surjit S Bhalla. Seventy-one-year old Bhalla has a tough task ahead — to make New Delhi’s voice louder at the international forums as he is set to take charge...
More »Explained: Why the govt wants to change the definition of MSMEs -Udit Misra
-The Indian Express A change in definition is expected to improve their ease of doing business and help create more jobs. It has been reported that the government will soon change the way it defines the micro, small and medium enterprises (MSMEs). “We will have one meeting and then finalise it (changes to MSME definition),” Union Minister Nitin Gadkari told news agency PTI, adding that extensive changes will be made soon....
More »Funds prop for rural schemes
-The Telegraph The government plans to frontload additional expenditures in the rural job scheme to boost demand in the rural economy New Delhi: Rural development schemes are likely to get more funds than allotted in the budget to boost consumption growth, which has fallen to a seven-year low in the villages. The Narendra Modi-government plans to frontload additional expenditure in the rural job scheme and highway construction projects to boost demand in the...
More »Govt set to bring in stipend to skill up MGNREGA workers -Harikishan Sharma
-The Indian Express Mahatma Gandhi National Rural Employment Guarantee Act, 2005, provides unskilled manual work for 100 days to eligible rural households. Facing criticism over rising unemployment and rural distress, the Union government plans to launch a new project under which a stipend of up to Rs 20,000 will be given to Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) labourers who undergo training in skills such as masonry or carpentry. The...
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