-The Indian Express The prime minister's Jan Dhan Yojana (JDY) is, in many ways, an improvement over previous financial-inclusion schemes. And with an aggressive target to cover 15 crore households with basic banking services, including an overdraft facility, debit card as well as accident and life insurance cover, it is the most ambitious attempt yet. However, to achieve its promise, the JDY needs to focus on implementation. As suggested by the...
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Only 12% deficit in monsoon rainfall: Why is the picture of rural economy still uncertain? -Jayashree Bhosale & Avinash Celestine
-The Economic Times Dinkar Patil, a farmer from Buldhana district in Vidarbha, Maharashtra, normally cultivates cotton on his 13-acre farm land. This year, however, he has skipped the cotton crop and opted for soyabean and tur dal. "The rainfall started late. I did not cultivate cotton because of the delayed rains and the huge increase in cost of cultivation of the crop," said Patil. He is expecting a fall of about...
More »‘Nearly half of world’s older people do not get pension’
-The Hindu Business Line On the day a ₹ 1,000/month minimum pension scheme was launched in India, an ILO policy paper report said that close to half (48 per cent) of people over pensionable age in the world do not receive a pension. And those who do get a pension, do not receive an adequate amount to cover for their health, and old age-related problems. "As a result, the majority of the...
More »New drug era -Shamnad Basheer
-The Indian Express Prime Minister Narendra Modi's US visit is likely to throw up highly contentious intellectual property rights issues. Indeed, for the last several years, US drug majors and their European counterparts have lobbied hard to demonise the Indian patent regime. But the government must continue to defend the law and stand its ground. Particularly since our own industrial moguls have caved in and are less vocal about their opposition...
More »Gender pay gap decreases, but working conditions worsen -Dipti Jain
-Live Mint Roughly seven out of every 10 Indian workers have no paid leave, no written contract and no eligibility for social security Indian women might still be earning lower wages compared to men, but the gender gap in wages is fast decreasing. The average wage rate for women is now one-fifth lower than men's compared to a gap of 29.2% in 2004-05, shows data from the National Sample Survey Office (NSSO)....
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