-The Hindu Business Line Firms of Adani, Anil Ambani, Essar, JSW Groups and some PSUs being probed NEW DELHI: The Finance Ministry and the Directorate of Revenue Intelligence (DRI) are said to have stepped up investigations into the alleged over-invoicing of coal imports by 40 companies — both in the public and private sector — to the tune of Rs. 35,000 crore. “It is an issue that has been going on for the...
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Labour Ministry plans Rs.10,000 minimum monthly wage for contract workers -Somesh Jha
-The Hindu Of the 3.6 crore contract workers about 32 % are employed by contractors in the public sector. The Labour Ministry has proposed a minimum monthly income of Rs.10,000 for contract workers, evoking strong reactions from the industry. The move will drastically increase the minimum wages of contract labourers from around Rs.6,000 per month that is paid to them in a few sectors at present. According to the plan the employers will...
More »Legislative impropriety
-Business Standard FCRA amendment raises questions about ethical governance The little-noticed announcement in the Finance Bill to retrospectively amend a clause in the Foreign Contribution Regulation Act (FCRA) does little to enhance the government's reputation for ethical governance. The amendment, to apply from 2010, will mean that donations to political parties by Indian companies with foreign direct investment within mandated sectoral limits will no longer be considered "foreign contributions". The FCRA bans...
More »Failure of Bt cotton forces government to promote native seeds
-PTI NEW DELHI: With bollworm developing resistance to Bt cotton crop, the government has decided to promote cultivation of indigenous varieties of the crop in a big way this year. In 2015-16 crop year (July-June), there was a significant damage to cotton crop because of whitefly and pink bollworm pest attack in states like Haryana, Punjab, Rajashtan, Gujarat and Andhra Pradesh. Almost 90 per cent of the country's cotton cultivation area is under...
More »Crop insurance: new dawn for farmers? -Rajalakshmi Nirmal
-The Hindu Business Line The new scheme offers lower premium, more risk cover and hassle-free settlement Crop insurance schemes have not been a hit with Indian farmers in the past. High premia, limited coverage, complicated ways of assessing losses and delayed payment of compensation have kept farmers away from them. Given the high risk of crop damage in India, with significant loss in food grain production in 18 of the last 54 years...
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