-Scroll.in Many crucial schemes have been allocated less than last time and what the finance minister announced in Parliament. Arun Jaitley invoked Swami Vivekananda to drive home the point that the Budget for 2018-’19, which he presented on Thursday, was aimed at helping rural India and farmers. “Let her arise – out of the peasants’ cottage, grasping the plough; out of the huts of the fisherman. Let her spring from the...
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Bhargavi Zaveri, senior research associate at the Indira Gandhi Institute of Development Research, interviewed by Nitin Sethi (Scroll.in)
-Scroll.in The Insolvency and Banking Code was brought in as a law in May 2016 to resolve cases of unpaid debts by companies. It allows creditors to initiate insolvency proceedings against defaulting companies so as to recover their money. The code was thought necessary because existing systems of dealing with insolvent companies had failed to deliver, with cases dragging on for years without result. The code sets up an Insolvency and Bankruptcy...
More »Lack of transparency plagues India's new insolvency and bankruptcy regime -Nitin Sethi
-Scroll.in A year after its launch, the new process that handles the recovery of crores of rupees of unpaid corporate debt is shrouded in opaqueness. India’s new insolvency and bankruptcy regime has been functioning for a year without any disclosure norms or mandatory transparency regulations. In the first year of its application, the regime is already dealing with more than 450 cases that add up to thousands of crores of rupees...
More »Woman spend more time doing Unpaid work than men
-PTI According to the research, not only more women engage in Unpaid work as compared to men, they spend two to ten times more time on Unpaid work. In addition to their paid activities, this creates a double burden for them. Women spend two to ten times more time doing Unpaid work than men, according to a research released today by an NGO. It said one of the major manifestations of the...
More »Wages worth Rs 3,066 crore unpaid under MGNREGS in 19 states -Jitendra
-Down to Earth Even after an order by the Supreme Court, the government has not released the payments The flagship scheme for rural employment generation, the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), is facing severe fund crunch this year, resulting in unpaid dues of Rs 3,066 crore in wage payments in 19 states. Around 87 per cent of the scheme’s budget for this year has already by exhausted. A civil...
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