-Newsclick.in The falling work participation rate shows that the economy is in deep crisis. Various other economic indicators show this as well. In a stark and chilling confirmation of what the whole country has known for some time, a govt. report shows that Indian workforce (those actually working) declined from about 54% of the working age population in 2011-12 to 51% in 2015-16. While the working age population increased by 2.9% per...
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Six steps to job creation -Santosh Mehrotra
-The Hindu It is crucial to align policy across sectors and upgrade the country’s social infrastructure In India’s highly segmented labour market, one can still discern at least three demographic groups that are in urgent need of jobs: a growing number of better educated youth; uneducated agricultural workers who wish to leave agricultural distress behind; and young women, who too are better educated than ever before. India is indeed the fastest growing large economy...
More »Fuel to get cheaper as Gujarat, Maharashtra cut VAT on petrol and diesel
-Thw Times of India NEW DELHI: On Tuesday, the state governments of Gujarat and Maharashtra announced a cut in VAT (Value Added Tax) on petrol and diesel. Gujarat took the first initiative, slashing the VAT by 4 per cent. With this rate cut, the price of petrol will come down by Rs 2.93 and that of diesel by Rs 2.72 in the state. The effective price of petrol in Gujarat from...
More »SIT on blackmoney under the RTI Act: CIC
-PTI The SIT was set up on the orders of the Supreme Court in 2014 through a government notification to suggest methods to curb black money in the economy. The Supreme Court appointed Special Investigation Team on black money is answerable under the RTI Act, the Central Information Commission has held. Bringing SIT under the RTI Act, Information Commissioner Bimal Julka said every action of the government must be actuated in...
More »Stand Up India plan slowing down: Only 6% of bank branches gave loans to SC/STs -Shyamlal Yadav
-The Indian Express In all, the 42 RRBs have sanctioned Stand Up India loans to 536 people — 97 under the SC head, 32 in the ST category and 407 general category women. Three RRBs have not sanctioned a single such loan to general category women. Every bank has been told that it will be your responsibility to ensure that wherever you have a branch, you have to give loans to two...
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