-The Indian Express The last quarterly survey by the Labour Bureau showed that India has never created so few jobs, since the survey started in 2009 The last quarterly survey by the Labour Bureau showed that India has never created so few jobs, since the survey started in 2009, as in 2015: Only 1.35 lakh jobs compared to more than nine lakh in 2011 and 4.19 lakh in 2013 in eight labour-intensive...
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Grain vanishes from Punjab godowns; may burn Rs 12,000-crore hole in bank books -Sangita Mehta & MC Govardhana Rangan
-The Economic Times MUMBAI: The splotch of red ink on Bank Balance sheets is set to become bigger as a new scandal in the form of disappearing food stocks in Punjab godowns threatens to burn a Rs 12,000-crore hole in their books and embarrass the Parkash Singh Badal administration. The Reserve Bank of India (RBI) has ordered all banks with exposure to the Punjab government's food borrowing programme to provide for potential...
More »Modi unveils scheme to make Dalits entrepreneurs -Yuthika Bhargava
-The Hindu Stand-up India will help create 2.5 lakh entrepreneurs. Prime Minister Narendra Modi on Tuesday unveiled the ‘Stand-up India’ scheme to promote entrepreneurship among women, scheduled castes and tribes by enabling them secure easier loans and said this could be an engine of job creation for the youth. “Dalits and poor people, if given an opportunity, can bring in various reforms in the country. That’s my vision for Stand-up India…This scheme is...
More »In FY15, banks with high NPAs rejected more RTI requests -Surabhi
-The Hindu Business Line IOB, BoB and Canara Bank lead, finds study by Commonwealth Human Rights Initiatives New Delhi: As the Finance Ministry and the central bank try to clean up the balance sheets of troubled public sector lenders, a new study has found that banks that saw a sharp rise in bad loans in 2014-15 were not very forthcoming with information requests by the public. While noting that there was “no positive...
More »Starving MGNREGA -Nikhil Dey & Aruna Roy
-The Indian Express The MGNREGA was inspired by the Maharashtra Employment Guarantee Act, passed in 1977, wherein policymakers found wage employment as the best way to empower people against drought As India faces the onslaught of another severe drought, and water, food, and employment dry up, the government will claim that it is doing its best to cope with the adversity. But, given the facts, that will be a patently false...
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