-The Business Standard Nobel laureate says rural areas worst affected, with wages in Chinese villages having risen 6-7 times faster Nobel laureate Amartya Sen today said that wages in India had failed to keep pace with the overall GNP growth over the last decades. Sen pointed out, although India has seen a lot of economic growth over the past 20 years, wages, especially that of rural labour, have fallen behind. Comparing wage rise...
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Aadhaar enrolment may take four more months-B Chandrashekhar
-The Hindu Hyderabad: Completion of Aadhaar enrolment, opening of bank accounts for all beneficiaries of welfare schemes and seeding of unique identity numbers with the bank accounts in the State is likely to take over six months, notwithstanding the government plans to wind up the work over the next two months. Official sources told The Hindu that it would take nothing less than four months to complete the exercise in all respects...
More »300 firms under scanner as CBI widens coalgate probe-Sujay Mehdudia
-The Hindu The CBI, expanding its coalgate probe, has launched investigations against 300-odd companies and begun questioning officials of the Steel, Coal and Power departments, the Department of Industrial Policy and Promotion, the Central Mine Planning and Design Institute Limited and the state-run Coal India Limited on allocation of coal blocks between 1993 and 2008. The CBI has laid hands on nearly 700 files from the Coal Ministry, running into 1,60,000 pages,...
More »Court upholds Andhra law on microfinance-Viswanath Pilla and Dinesh Unnikrishnan
-Live Mint High court asks state to review law in light of proposed national regulations to govern the sector The Andhra Pradesh high court on Monday upheld a law that led to the near demise of the microfinance industry towards the end of 2010, but asked the state government to review the legislation in the light of proposed national regulations to govern the sector. News of the review sent the stock of the...
More »EPFO puts on hold decision to make Aadhaar must for new accounts
-PTI Retirement fund body has decided to put on hold the decision to make it mandatory for new members joining EPF scheme to provide Aadhaar number as credential for enrolment from March 1, 2013. "In view of discussion with UIDAI official and the time required in the process of obtaining Aadhaar numbers, it may not be possible to obtain Aadhaar number by EPF members by March 1, 2013. Therefore it has been...
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