-PTI The platform has also drafted a model Domestic Workers Regulation of Work and Social Security Bill and discussion on it was held with various stakeholders. New Delhi: Civil society organisations and trade unions under the banner of National Platform for Domestic Workers today demanded a comprehensive legislation to regulate their working condition and provisions for social security benefits. The platform has also drafted a model Domestic Workers Regulation of Work and...
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Modi govt yet to match UPA's economic record -Krishna Kant
-Business Standard GDP the only variable where the current government has kept pace with the previous one Mumbai: The Narendra Modi government needs to grow economy at twice the speed in its second term to catch up with the economic performance of the previous United Progressive Alliance-II (UPA-II) government and even faster if it wishes to trounce UPA-I’s record. For example, the manufacturing sector needs to grow at a compounded annual growth rate...
More »Demonetisation hits MSMEs hard, output plunges to 50% of capacity; labour unrest fears haunt sector -Abheri Raychaudhuri
-The Financial Express Ahmedabad: With production having slowed down to about 50% for most micro, small and medium enterprises (MSMEs) since the demonetisation of R500 and R1,000 notes by the Centre, a spectre of unrest is beginning to haunt labour-intensive sectors such as the textile and chemicals units in Gujarat. “There are two lakh registered MSME units in Gujarat, several of which form ancillary units for the textile industry such as for...
More »M Govinda Rao, ex-Director, National Institute of Public Finance and Policy (2003-13), interviewed by S Rajendran (The Hindu)
-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...
More »Demonetisation: In two weeks, 60% rise in total balance in Jan Dhan accounts -Shyamlal Yadav & Jay Mazoomdaar
-The Indian Express While the increase in balance in accounts in public sector banks was 56 per cent, it was 66 per cent in private sector banks. New Delhi: In the two weeks after the Centre’s demonetisation move, the total balance in Jan Dhan accounts increased by nearly 60 per cent, online data updated by the government on Saturday revealed. While the total deposit in Jan Dhan accounts was Rs 45,637 crore...
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