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Finance ministry rejects report seeking revision in MGNREGS pay -Elizabeth Roche

-Livemint.com The report also suggested revising pay under MGNREGS on the basis of Consumer Price Index for Rural (CPI-Rural) as the appropriate index New Delhi: The Finance ministry has rejected a report by the rural development ministry, which recommended that wages under the national rural employment guarantee scheme (NREGS) be made equal to or higher than the minimum wage determined by state governments. The report prepared by a panel headed by S....

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Govt raises budget for rural jobs scheme by Rs. 5,000 crore -Elizabeth Roche

-Livemint.com Fresh fund infusion means the overall budget allocation for MGNREGS in 2016-17 will be Rs43,500 crore New Delhi: The Narendra Modi-led National Democratic Alliance government has increased the budget for the national rural employment guarantee scheme by Rs.5,000 crore to Rs.43,500 crore for 2016-17, minister of state for rural development Ram Kripal Yadav told Parliament on Monday. The scheme “will not be shut down but strengthened. It is a special direction...

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GST: Tax rate likely to be higher than 18%

-The Hindu The decision will be taken by GST Council, comprising Union and State Finance Ministers: Adhia. A day after the Bill to amend the Constitution was approved by the Rajya Sabha, paving the way for the Goods and Services tax (GST), the Centre seemed to concede that the rate at which the new indirect tax will be levied on most goods is likely to be higher than 18 per cent. While the...

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What’s cooking? -Richa Mishra and Debabrata Das

-The Hindu Business Line The PMUY scheme, under which the poor get subsidised LPG connection, addresses an urgent need. At the same time, it can turn out to be a political masterstroke for the BJP, write Richa Mishra and Debabrata Das The kitchen has always played an important role in Indian politics. Leaders across political parties have cooked their electoral fortunes with the kitchen as the integral ingredient. While some distributed highly...

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Bridging the skill gap -Santosh Mehrotra

-The Hindu A levy on firms, resources from which are earmarked for vocational training, is what could help the country bridge the skill gap in its workforce. Financing technical vocational education and training (VET) is costlier than general education due to its technical nature. Pre-service training requires the installation of equipment and trained instructors to train youth. This raises the cost of training, and remains a factor preventing pre-service training from expanding...

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