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English-medium fallacy exposed -Basant Kumar Mohanty

-The Telegraph New Delhi: Studying in an English-medium school does not automatically make your child proficient in English, a comparison of two nationwide surveys on school enrolment trends and performance in English suggests. One in three schoolchildren goes to English-medium schools in Himachal Pradesh while one in 30 does so in Bengal, according to a survey by the National University of Educational Planning and Administration (NUEPA). But Class X students in Bengal, sampled...

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Route all wages via bank accounts: Govt. -Vikas Dhoot

-The Hindu Industry has expressed concern over the directive New Delhi: The Centre has asked all employers and contractors to ensure that wages are paid to all employees, including casual and contract workers, through cheques or electronic transfers into a bank account. The Chief Labour Commissioner, under the Ministry of Labour and Employment, has also asked firms to get bank accounts opened for all those workers who do not have one already, and...

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Demonetisation hits MSMEs hard, output plunges to 50% of capacity; labour unrest fears haunt sector -Abheri Raychaudhuri

-The Financial Express Ahmedabad: With production having slowed down to about 50% for most micro, small and medium enterprises (MSMEs) since the demonetisation of R500 and R1,000 notes by the Centre, a spectre of unrest is beginning to haunt labour-intensive sectors such as the textile and chemicals units in Gujarat. “There are two lakh registered MSME units in Gujarat, several of which form ancillary units for the textile industry such as for...

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Brace for more cash blues as the next salary date nears -G Naga Sridhar

-The Hindu Business Line Ensuring cash availability will be a challenge for banks, too Hyderabad: Come December first week, banks may face immense pressure in disbursing cash when customers withdraw their Salaries credited in bank accounts. According to bankers, there will be pressure for all stake holders during December 1-7 when Salaries are disbursed for government and private sector employees across the country. According to government data, the Centre’s total salary and allowances bill...

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In fact: When the money stops -Harish Damodaran

-The Indian Express The effects of de-monetisation will be the most acute when it spreads from consumption in households to production in factories and by farmers across the country. So far, the effects of Prime Minister Narendra Modi’s ‘de-monetisation’ of existing Rs 500 and Rs 1,000 denomination currency notes have been largely felt by households, shopkeepers and other microenterprises. These economic agents have, to a limited extent, adjusted to the new situation...

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