-MoneyLife.in Responding to a question raised by Rajya Sabha MP (member of parliament) Subramanian Swamy, the finance ministry informed the parliament that Rs10,720 crore worth of old Rs1,000 and Rs500 notes did not return into circulation after demonetisation. According to the finance ministry, when demonetisation was announced on 8 November 2016, Rs15,41,793 crore worth of withdrawn notes were in circulation. The finance ministry revealed in its written reply that, after verification and...
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India Faces Highest Labour Loss Due to Climate Change, Says Study
-Newsclick.in The study found that with rising heat and humidity levels because of climate change, options for moving outdoor labour to cooler hours will dramatically shrink, leading to significant worldwide labour losses. India is one of the countries to have experienced the highest loss in labour due to global warming, according to a recent study led by Duke University researchers. The study, which was published in Nature Communications on December 14, 2021,...
More »How the Code on Wages ‘legalises’ bonded labour -Soumya Sivakumar
-The Hindu It allows employers to extend unlimited advances to workers and charge an unspecified interest rate on such loans Debt bondage is a form of slavery that exists when a worker is induced to accept advances on wages, of a size, or at a level of interest, such that the advance will never be repaid. One of India’s hastily-passed Labour Codes — the Code on Wages, 2019 — gives legal sanction...
More »The children who quietly dropped out of school -Johanna Deeksha
-Scroll.in The Covid-19 pandemic and lockdowns disrupted the education of millions of students in India. When schools reopened, many never went back. At 10 am on a Tuesday in November, a group of children aged around 7 walked slowly towards their school in Mudnal Dhodu Thaanda, a Banjara community settlement in North Karnataka’s Yadgir district. The children were dressed in their school uniform: light blue shirts and dark blue skirts and pants....
More »Corporate tax assessment: CAG spots major errors in over 350 cases
-The Hindu Business Line Suggests CBDT to create a foolproof IT system, internal control mechanism The Comptroller and Auditor General of India (CAG) has pointed out significant errors in the assessment of over 350 cases related to corporate tax. It also advised the Central Board of Direct Taxes (CBDT) to put in place a foolproof IT system and internal control mechanism to avoid such recurrences. In a report tabled in Parliament, the apex...
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