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Less than min wages for NREGA workers unconstitutional: Govt by Anindo Dey

The stance of the ministry of rural development stands null and void. At least, as far as officials of the state government are concerned. For most of them that the delegation of the Mazdoor Satyagrah met on Monday agreed in unison that it is unconstitutional to pay MGNREGA workers anything less that the minimum wages. However, officials expressed their inability to pay more and demanded the total component from the Centre. Recently,...

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Bid to bring MGNREGA pay at par with minimum wages by Anindo Dey

With the state government finally increasing the minimum wages by 35% from January 1, 2011, the focus of the on-going Mazdoor Haq Yatra in the state is now on increasing the wages under MGNREGA from the current freeze at Rs 100 to meet the minimum wages. Not only activists of the Yatra plan to rake up this issue nationally, but with their prime demands from the state met, the entire focus...

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Court slams U.P.'s land acquisition policy by J Venkatesan

Taking over farmers' lands without following due procedure akin to state-sponsored terrorism: judge The Supreme Court on Monday slammed the land acquisition policy of the Mayawati government in Uttar Pradesh and said any acquisition that deprived farmers of their land without following the due procedure was akin to “state-sponsored terrorism.” A Bench of Justices G.S. Singhvi and A.K. Ganguly was hearing appeals filed by farmers challenging the Allahabad High Court order upholding...

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SC ‘terror’ tag on land rush

The Supreme Court today held that any land acquisition depriving farmers of their “land, livelihood and way of life” without following due process was akin to “state-sponsored terrorism”. Slamming the Uttar Pradesh government’s land acquisition process, a two-judge bench headed by Justice G.S. Singhvi observed: “Throwing out villagers from their land and taking away their livelihood and way of life is state-sponsored terrorism.” The top court was hearing an appeal by some...

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Banks may find it tough to ensure microfinance companies don’t charge high rates

Banks will have to put in place a mechanism to verify that microfinance institutes (MFI) they finance do not charge exorbitant rates to the final borrowers. The finance ministry has asked banks to ensure that MFIs, whom banks are financing, do not lend at rates more than 24% — all inclusive rates — to the ultimate borrowers. Some banks have recently inserted a clause while lending to MFIs that they...

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