Ludhiana : Despite the Mahatma Gandhi National Rural Employment Act (MGNREGA) assuring employment for 100 days to the villagers, the project is not finding many takers in Ludhiana district. In fact, the authorities are finding it so hard to find workers that they have now planned to focus more to enrol women as workers. While the Act stipulates that a worker will get Rs 150 as daily wage, in the open...
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Development and security are integral to each other, says Jairam Ramesh-Ipsita Pati
Action plan proposed to improve rural connectivity for fighting extremism Rural Development Minister Jairam Ramesh on Monday said development and security were integral to each other, like strands in a single fabric. He was speaking in the context of the proposed Sarju Area Development Action Plan (SADAP), which is similar to the Saranda Action Plan (SAP) that was started six months ago in the Chibasa district of Jharkhand to combat the extremist...
More »Bihar artisans get Exim Bank's loan support-Atmadip Ray
Export Import Bank of India has sanctioned a Libor-linked foreign currency loan to artisans in Bihar for bulk purchases of tasar silk, their raw material. Libor is London inter-bank offer rate which is being used as a benchmark for short term rates in the international capital market. Exim Bank has given the working capital loan for three months to Ecotasar Silk Pvt Ltd, an enterprise manufacturing off-the-loom tasar silk products in...
More »It's Official: India's growth is jobless
The robust 9 per cent –plus growth in South Asia till 2010, driven largely by India, where it came down to around 7 per cent in 2011-12, had one major qualifier: it was mostly associated with a rapid rise in labour productivity rather than an expansion in employment, according to the latest report Global Employment Trends from International Labour Office. Up until the end of the millennium, that is just a...
More »Inflation takes away ‘feel good factor’, one-third Indians suffering: Survey-Sidhartha
High inflation and moderate economic growth seem to have taken away the "feel good" factor for many Indians. Gallup's Financial Wellbeing Index, released on Monday, showed that 31% of Indians rated their present and future lives as "suffering" compared to 24% in 2011. Similarly, only around 13% said that they are "thriving" compared to 21% a year ago. The biggest jump in the "suffering lot" is in the middle 20% population, where...
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