-Scroll.in Panchayats have no funds to hire and pay hordes of workers forced to return home from cities. Demonetisation has exposed the fragile state of the government’s Mahatma Gandhi National Rural Employment Guarantee Scheme. In Uttar Pradesh, in particular, an ever-burgeoning army of migrant labourers returning to their villages for lack of work in the cities, as a direct result of the cash crisis, has led to a mad scramble for employment...
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Rs 1 lakh crore: fall in bank credit growth in fortnight after Nov 8 -George Mathew
-The Indian Express Banks are now caught in a dilemma even as they stare at a decline in loan growth — considering the surge in deposits since November 9. Mumbai: Struggling to cope with bad loans and the aftermath of the demonetisation decision, Indian banks have taken a hit on lending. Loan growth plunged by Rs 1 lakh crore in the fortnight that ended November 25, according to estimates. According to...
More »Post Demonetisation, Rural Health Takes a Serious Hit in Saharanpur -Bharat Dogra
-TheWire.in Not only are villagers unable to access timely medical care because of the lack of cash, nutrition levels are falling, making people more vulnerable to illness. Saharanpur, Uttar Pradesh: In Sultanpur Chilkana village of the Sarsawa block in Saharanpur, Resham breaks down while talking about the death of her husband Chandar. Wiping her tears, she tells us that he was very ill and needed medical attention urgently. But due to the...
More »India's Legal Reforms Process Facing Multiple Crises -Saurav Datta
-TheWire.in A report by the Vidhi Centre for Legal Policy found that on an average, a law took 261 days to come into force and 14% of laws took a whopping 1000 days to become implementable. The term ‘legal reform’ has caught the imagination of policymakers, the judiciary and the general public, taking everyone by storm. Suddenly, everybody is clamouring to usher in new laws and weed out redundant ones. The government...
More »Demonetisation could take away 400,000 jobs;e-com to be worst hit -Himani Chandna
-Hindustan Times With demonetisation set to reduce India’s economic growth by 1% over the next one year, the job market is likely to see over 400,000 job cuts. You should worry if you work in the e-commerce sector, since firms could handover around 200,000 pink slips in the next one year. “Cash on delivery being almost 70% of the overall e-commerce business, the sector is likely to take a hit and lose...
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