-PTI/ The Hindu Consumption drag likely,says UBS unit Households have lost a whopping ₹13 lakh crore of their incomes from the pandemic-induced job losses, according to a report that also warns of the economy losing momentum by mid-2021 on a likely slowdown in consumption demand that has propped the economy in recent months. ‘Could slow by mid-2021’ Describing the growth momentum seen in the second and third quarters of FY21 as a positive surprise,...
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A peek into Jharkhand’s mica mines where child labour & illegal mining are no secret -Praveen Jain and Simrin Sirur
-ThePrint.in The mica mining industry today operates via unlicensed middle men and labourers who scavenge for mica in large abandoned mines, or dig holes into the earth for scraps. Giridih, Jhumri Telaiya: For generations, families living in the Koderma and Giridih districts of Jharkhand have survived on the collection and trade of mica — a shimmery, translucent mineral used in cosmetics and automobiles. The mining of mica was once a legal, thriving business...
More »Meghalaya woman faces social boycott for ‘exposing’ MGNREGA graft -Prasanta Mazumdar
-The New Indian Express She said she started facing the social boycott from the time she had lodged a complaint alleging corruption in MGNREGA implementation. GUWAHATI: A woman in Meghalaya alleged she was facing a social boycott in her village for “exposing” corruption in the implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Thrina Suchen, who hails from East Jaintia Hills, alleged that the village authorities had on November 30...
More »Mysuru man builds houses with construction debris -K Rathna
-The New Indian Express Budget 2021-22: Rising poverty, falling health parameters, worsening educational outcomes, inadequate housing and widespread unemployment are the biggest challenges facing the Indian economy. MYSURU: From a distance, a house at Harthale, Nanjangud, looks like any other in the locality. But you step inside, and you will find recycled wooden windows and doors procured from demolished buildings, broken ceramics for surface, mud concrete blocks made out of building waste,...
More »Higher income tax deduction on NPS likely for private sector employees
-Livemint.com Under the current income tax laws, if an employer is contributing towards the employee's NPS account, a deduction up to a certain percentage of salary qualifies for income tax deduction In the Budget 2021, tax experts expect the government to fix some anomalies in the NPS with regard to income tax benefits. They say that this will help in increasing the attractiveness of the National Pension Scheme. "For contribution towards Tier I...
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