-The Hindu A critical facet of the consequences of an interest rate increase is the correction of asset prices. Interest rates act as gravity to stock market prices The Federal Reserve and other central banks around the world have raised interest rates to curb inflation. The rationale behind raising interest rates is that the cost of borrowing rises whenever they are raised, and the incentive to save and invest rather than consume...
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62% of rural households in India have fully functional tap water connections within their premises, says Water Resources Ministry report -Jacob Koshy
-The Hindu However, the report found, ‘most of the anganwadi centres and schools, had higher than the permissible range of residual chlorine and indicated inappropriate local dosing’ Around 62% of rural households in India had fully functional tap water connections within their premises, according to a survey commissioned by the Union Ministry of Water Resources to assess the functioning of the government’s marquee Jal Jeevan Mission. In June, the Centre had reported...
More »Expand MGNREGS to 150 days: House panel -Saubhadra Chatterji
-Hindustan Times The House panel also made a “strong appeal” to authorities to change the index that decides wage revision for better wages under the programme. New Delhi: A Parliamentary panel has recommended extension of work allocation under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), India’s flagship job scheme, to 150 days per year, according to a committee report. The MGNREGS currently guarantees 100 days of wage employment to each person in...
More »PMGKAY Scheme: Will Free Ration for India’s Poor Fill Their Plates Enough? -Aunindyo Chakravarty
-TheQuint.com Not only do we need free ration for an overwhelming majority but also more for those at the bottom of the pyramid Being affluent, I am on a diet, fasting for 19 hours at a stretch, eating within the remaining five-hour window, and keeping my calories under 800 per day. These are the luxuries of the rich. The poor, who earn their living through hard, back-breaking labour, cannot afford to go...
More »'Every Woman' releases Zero Draft of global treaty on preventing violence against women & girls
-Press release by Every Woman Treaty dated September 30, 2022 Every Woman, a coalition of more than 1,700 women's rights advocates in 128 countries, including India, has developed the findings-based draft instrument (Zero Draft EWT), informed by extensive consultation with experts from all regions of the world, including survivors, frontline activists, medical specialists, practitioners, scholars, human rights attorneys, and policy-makers. This Draft of global binding norm focuses on violence prevention and...
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