-The Hindu Private companies get loansat 6.5% with additional cash refunds; for farmers it is 7% The National Bank for Agriculture and Rural Development (NABARD), which is dedicated to promoting rural development by providing soft loans to State governments for social sector projects, has given hundreds of crores as loans to corporates on concessional terms. In the Union Budget of 2011-12, Rs. 18,000 crore was allocated by the Centre to NABARD’s Rural Infrastructure...
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Horrific Bangladesh factory fire revealed a gap in safety for global brands-Jim Yardley
-The New York Times ASHULIA, BANGLADESH: The fire alarm shattered the monotony of the Tazreen Fashions factory. Hundreds of seamstresses looked up from their machines, startled. On the third floor, Shima Akhter Pakhi had been stitching hoods onto fleece jackets. Now she ran to a staircase. But two managers were blocking the way. Ignore the alarm, they ordered. It was just a test. Back to work. A few women laughed nervously. Ms....
More »Tougher EPFO norms for employees -Neeraj Chauhan
-The Times of India NEW DELHI: The EPFO (Employees' Provident Fund Organization), which manages lifetime savings of 6.15 crore individuals, has just made life tougher for workers. Employees will now have to prove that their employers deducted the statutory dues while giving them salaries, a move that will further benefit construction companies and contractors in particular who often claim that they have paid salaries to thousands of workers without actually transferring...
More »Crores go down the drain in filthy Yamuna: court -J Venkatesan
-The Hindu IIT experts to suggest clean-up measures Expressing “anguish” that Yamuna water in Delhi has become filthy despite thousands of crores being spent on improving its quality, the Supreme Court on Tuesday appointed a committee of technical experts. It was perhaps time to involve experts from the Indian Institutes of Technology to suggest clean-up measures, said a Bench of Justices Swatanter Kumar and Madan B. Lokur, hearing a petition. It asked the...
More »Tatas, farmers script a success story in Singur neighbourhood-Arshad Ali
-The Indian Express Rupnarayanpur: Located nearly 130 km from Singur, the Tatas claim to have scripted a success story in Rupnarayanpur. While the Singur factory continues to be at the centre of a controversy, the Tata-Hitachi JV here on a 250 acre land acquired from farmers is setting milestones. The Tatas ventured into this project almost the same time as that in Singur. The company commenced production in 2009. It has a...
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