-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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How Corporates and not-for-profits can defeat hunger -Madhu Pandit Dasa
-DNA India is effectively the first country to mandate a minimum CSR spend. How to make use of it. Malnutrition is one of the many problems arising from uneven distribution of resources that plague the country today. The UN Food and Agriculture Organization (FAO) states that 194.6 million people in the country are undernourished. It is ironic that one of the largest economies in the world is also a home to...
More »How's the economy really doing? -TCA Sharad Raghavan
-The Hindu There are multiple ways to arrive at an answer, but each metric points in a different direction. If someone asks you how the Indian economy is doing, how would you answer? Would you say that the Gross Domestic Product and Gross Value Added (GVA) are both above 7 per cent, and so the economy is growing strongly? Or would you say that the Index of Industrial Production (IIP) has contracted for two straight...
More »Tax on farm income should be limited to growers' with large land holdings: Study -Sanjeeb Mukherjee
-Business Standard Exemptions granted on agri income and subsidies provided by the Centre and states are being cornered by big farmers and Corporates The Comptroller and auditor general’s proposed audit of exemptions granted to big Corporates, companies and even farmers under the head of agriculture incomes has once again rekindled the debate as to whether farm incomes derived from big companies and large farmers should be taxed. According to an analysis done by...
More »Farm-loan waiver: A political masterstroke, but economically not prudent -Sanjeeb Mukherjee, Amit Agnihotri & Archis Mohan
-Business Standard The efficacy of farm debt waivers is ambiguous, but it has proved to be a potent potent weapon in the run-up to elections With elections round the corner in agrarian states of Uttar Pradesh and Punjab, Congress vice president Rahul Gandhi, his party’s Punjab chief ministerial candidate Amarinder Singh and Aam Aadmi Party (AAP) chief Arvind Kejriwal are trying to woo farmers of the two states with promises of farm...
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