-Scroll.in ‘We are still very far from financial inclusion in the full sense of the term,’ the economist says in the foreward to a new report on delays in NREGA payments. Transaction failures in Direct Benefit Transfer payments have been widely discussed in recent times, notably in the context of wage payments under the National Rural Employment Guarantee Act, which guarantees memebers of rural families 100 days of Work a year. However,...
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Getting wages harder than the labour
-The Hindu Multiple bank visits, repeated rejections and biometric errors mar payment system, says study. For most rural Workers dependent on the Mahatama Gandhi National Rural Employment Guarantee Scheme (MGNREGS), their labour does not end at the Work site. According to a study by LibTech India released on Wednesday, many of them are forced to make multiple trips to the bank, adding travel costs and income losses, and face repeated rejections of...
More »Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »A recipe to tear down trade unions -Gautam Mody
-The Hindu The new labour laws are a brutal attack on Workers’ ability to safeguard their rights Labour law ‘reform’ has been on the table since 1991 as every government’s favourite solution for economic growth. Yet, there was no consensus between governments, political parties, Workers and their trade unions, and employers, on what this meant. Unlike other political formations, the BJP has been in unqualified agreement with employers that the existing labour...
More »Odisha Migrant Workers Return To Gruelling Shifts, Poor Wages -Sunaina Kumar
-IndiaSpend.com New Delhi: In mid-October, machinist Bipin Ramesh Sahu, 38, was flown back to Surat from his southern Odisha village by his former employer, a textile mill owner. Sahu, among the 6.7 million migrant Workers to lose their jobs and return home during the lockdown in India, assumed that his employer’s eagerness to re-employ him meant better living and Working conditions in Surat--more humane shifts, safety gear, wage cheques instead of...
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