The accusation of ‘coercive' practices to recover the loans has been laid at the doors of some leading players Micro Finance institutions (MFIs) that are for profits are in the news for the wrong reasons. The ‘for profit' MFIs have grown spectacularly in recent times. But along with the large profits have come allegations of sharp practices. In Andhra Pradesh, where such MFIs have a sizable presence, the climate has now drastically...
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'Black Diwali' for NREGA workers in Rajasthan
Salaries of MPs, MLAs and bureaucrats have seen huge hikes recently but for workers under the National Rural Employment Guarantee Act (NREGA), wages have remained static ever since the scheme was launched five years ago. Rajasthan Chief Minister Ashok Gehlot recently announced a Diwali bonus for the Government employees in the state. "For Diwali we have decided to give bonus equal to 30 days salary. This will cost us Rs. 223 crore...
More »Nod for cash scheme for pregnant women, lactating mothers by Aarti Dhar
To be implemented in 52 districts Cash incentives to be based on certain conditions The scheme will be implemented through ICDS NEW DELHI: To improve maternal and child health, the Cabinet Committee on Economic Affairs on Wednesday approved the Indira Gandhi Matritva Sahyog Yojana (IGMSY) — a monetary scheme for pregnant women and lactating mothers — on a pilot basis in 52 districts in this Five-Year Plan. Each pregnant and lactating woman will receive...
More »Conditional maternity benefit scheme launched by Aarti Dhar
Centre will implement it on a pilot basis in 52 districts To improve maternal and child health, the Cabinet Committee on Economic Affairs on Wednesday approved the Indira Gandhi Matritva Sahyog Yojana (IGMSY) — a monetary scheme for pregnant women and lactating mothers — on a pilot basis in 52 districts in this Five-Year Plan. Each pregnant and lactating woman will receive Rs. 4,000 in three instalments between the second trimester of...
More »Labour disputes rock Detroit of India
The city has come to be known as the Detroit of India for its large concentration of automakers, but a series of labour disputes have rocked it, putting a question mark over industrial peace. Car markers such as Hyundai Motor India, German luxury car maker BMW and Ford Motor India besides Finnish handset manufacturer Nokia India have set up their plants on the city outskirts employing more than 23,000 people. As...
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