-Live Mint High on hype, the budget speech of the Union finance minister today is merely a statement of account. As India’s economy diversifies—with the private sector playing an increasingly important role—this annual feature has assumed much lower salience. Not only have fiscal policies lost the space they enjoyed in earlier years, even major policy announcements are restricted to being mere statements of account. Examples from other arenas include “activism” on...

-The Hindu To protest the fallout of liberalisation policy In an unprecedented show of unity, all trade unions in the country have come together on the same platform and given a call for a general strike on February 28. This is the first time since Independence that trade unions, cutting across ideological and political affiliations, have joined hands to register their protest on a wide range of issues arising out of the liberalisation...

India moved a step closer to implementing cash transfers of direct subsidies and social welfare payments after a high-level panel presented the blueprint for effecting it through an Aadhaar-based payment gateway. Accepting the report, which details how all payments and cash transfers can be made electronically, finance minister Pranab Mukherjee indicated that it will be the key to plug leakages and ensure more targeted spending under the government’s social welfare programmes. The...

In an indication that the ruling Congress may be looking to evolve a comprehensive social security package ahead of the next general election, the Sonia Gandhi-led National Advisory Council (NAC) has started a consultative process with four central government ministries aimed at linking existing and new schemes for the huge unorganized sector. The plan, according to an NAC member, is to issue one entitlement card to every worker in the unorganized...

A committee on social security, set up at the 44th Indian Labour Conference (ILC) that concluded its session here on Wednesday, has suggested that maternity leave to women employees, now provided under the Maternity Benefit Act, be raised to 24 weeks from the present 12 weeks. This has come even as Prime Minister Manmohan Singh, while speaking at the conference on Tuesday, stressed the need to understand the constraints women staff...