-Livemint.com Data from the latest KLEMS India database shows that employment in the Indian economy shrank by 0.1% in 2015-16 and by 0.2% in 2014-15 Mumbai: Employment in the total Indian economy shrank by 0.1% in financial year 2015-16 and by 0.2% in 2014-15. Far from more jobs being created, employment has actually contracted. That is the finding from the latest KLEMS India database, a research project supported by the Reserve Bank of...
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Govt botched up NREGA: CAG
-OrissaPost.com Bhubaneswar: The state government lost its direction on execution of the biggest rural employment generation scheme–Mahatma Gandhi National Rural Employment Guarantee Act (NREGA). This was indicated in a Comptroller and Auditor General of India (CAG) report on local bodies for the year ended March 2017. Briefing media about the findings of the audit report, Accountant General of Orissa Madhumita Basu said, “The per annum average income of the households (HHs) in...
More »Wilful defaults increased by 152 per cent during Modi regime -Vandana
-TheWeek.in Wilful defaults, loans which are deliberately not repaid by companies despite having the capacity to do so, have surged 152 per cent in the last four years of Modi government. A new report prepared by Pinkerton – a risk management consultancy along with PHD Chamber of Commerce and Industry – says that both gross NPAs and wilful defaults have been going up post 2008 financial crisis. The value of wilful defaults...
More »Maharashtra: Nearly 25,000 farmers march from Nashik to Mumbai to demand loan waiver
-Scroll.in Led by the All India Kisan Sabha, the protestors are planning to protest at the Maharashtra Vidhan Sabha on Monday. Thousands of farmers in Maharashtra are marching from Nashik to Mumbai, demanding a complete waiver of loans and electricity bills, NDTV reported on Thursday. They are also demanding the implementation of the Swaminathan Commission’s recommendations on providing minimum support prices and safeguarding the interests of small farmers. “We want the state...
More »How Mallya & Modi could teach debt-ridden Vidarbha farmers to stay cool -Jaideep Hardikar
-The Indian Express Two loan defaults lead to two different outcomes, year upon year, a nightmare version of déjà vu. The former exits the country; the latter exits the mortal world. Liquor baron Vijay Mallya and diamond jeweler Nirav Modi could jointly run a crash course for the debt-ridden and beleaguered farmers of Vidarbha, nay the entire country: How to stay cool with unpaid debts. Mallya could tell the peasantry, for instance, how...
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