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NAC working on new social security package by Remya Nair & Anuja

Government proposes to provide basic insurance coverage to an estimated 43 crore unorganized workers Furthering the United Progressive Alliance (UPA) government’s objective of inclusive growth, the National Advisory Council (NAC) headed by Congress president Sonia Gandhi will discuss ways of bringing India’s unorganized workers under the social security net in its meeting on 29 November. A new NAC working group on social security is working on draft recommendations that will seek to...

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Nod for 26% FDI in pension funds by Remya Nair

The govt has thus rejected the recommendation of the parliamentary standing committee on finance that the 26% FDI cap be a part of the Bill The cabinet on Wednesday cleared amendments to the Pension Fund Regulatory and Development Authority Bill, 2011, capping the overseas investment limit in the sector at 26%, but retaining the flexibility to raise this limit by stating that it would not form a part of the legislation. The...

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The mystery of the boom in farm credit by Anil Padmanabhan

The spurt in farm credit by commercial banks, including regional rural banks, has interestingly not led to any let-up in distress in the agrarian economy -- a mystery that continues to baffle academics, policy planners and, more recently, bankers Last week, a clutch of bankers and policy wonks gathered in Bangalore to review recent trends in farm credit. On the face of it, credit to the farm sector is on an...

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India yet to introduce pneumonia shots by Kounteya Sinha

India records the highest number of child pneumonia deaths globally, but is among the only four of the 15 countries with the highest child pneumonia death toll that is yet to introduce the newest generation of pneumoccal vaccines. A Pneumonia progress report, 2011, released by the International Access Vaccine Centre ( IVAC) and John Hopkins Bloomberg School of Public Health last week shows that India recorded 3.71 lakh child pneumonia deaths...

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Protesters to sue Narayanasamy for ‘foreign-funding charge'

-The Hindu   Coordinator of the Anti Kudankulam Nuclear Power Project movement, S.P. Udhayakumar, has decided to file defamation case against Union Minister of State for Prime Minister's Office, V. Narayanasamy, for alleging that the protesters were getting money from foreign countries to stop commissioning of the plant. Speaking to reporters here on Saturday, he said that the Congress was supporting the commissioning of the plant. “They are terming us anti-nationals only for...

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