-The Hindu No plan to merge the EPF with NPS, says nirmala sitharaman. Finance Minister nirmala sitharaman has said there is no intent to discourage higher income earners from saving with the Employees Provident Fund (EPF) and that she was open to reviewing the contribution limit of ₹2.5 lakh a year for tax-free interest, imposed in the recent Union Budget. Reiterating that the EPF will continue to remain in its present form, the...
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Labour codes need to be drafted keeping in mind realities of informal sector workers -Ileena Roy and Ranjana Das
-The Indian Express These vulnerabilities of the informal sector became even more prominent as the entire country went into a state of suspension due to the lockdown enforced as a state response to the pandemic. Finance Minister nirmala sitharaman in her budget speech referred to the implementation of the four labour codes, closing the process that started 20 years ago. She also mentioned a handsome Rs 15,700 crore for MSMEs, more than...
More »Privatisation of PSU banks: Govt to bring amendments to two legislations
-Livemint.com/ PTI Finance Minister nirmala sitharaman while presenting Budget 2021-22 earlier this month had announced the privatisation of Public Sector Banks To facilitate the privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year. Amendments would be required in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 for privatisation, sources said. These Acts...
More »Budget 2021-22: A political economy perspective -Yamini Aiyar
-IdeasforIndia.in Examining the 2021-22 Union Budget with a political economy lens, Yamini Aiyar contends that the policy choices reflects Government of India’s propensity to centralise rather than to devolve, and a shift away from welfarism. Following the presentation of the Union Budget 2021-22 by Finance Minister nirmala sitharaman on 1 February, economists have carefully scrutinised the fiscal math and debated the economic rationale behind the policy choices. Beyond the fiscal math, the...
More »From Modi To Sitharaman, The Total About-Turn On MNREGA -Praveen Chakravarty
-NDTV.com In February 2015, Prime Minister Narendra Modi, in a speech in Parliament, ridiculed the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) program as a symbol of the policy failures of the previous United Progressive Alliance (UPA) government headed by Dr. Manmohan Singh and, in his typical coarse style, taunted that he would bleed the program to a slow death. Exactly six years later, on February 12, 2021, Finance Minister Nirmala...
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