-The Indian Express To lend weight to his argument, he referred to employment figures available in the system including EPF, NPS, formal and informal sector. He talked about job growth and employment towards the end of his speech. New Delhi: Rejecting criticism that the government failed to create enough jobs, Prime Minister Narendra Modi on Friday said over one crore jobs were created in the country over the past one year. The...
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Finance ministry refuses to share black money reports
-PTI NEW DELHI: The finance mnistry has refused to share copy of three reports on the quantum of black money held by Indians inside the country and abroad, saying its disclosure would cause a breach of privilege of Parliament. The then UPA government had in 2011 commissioned these studies by Delhi-based National Institute of Public Finance and Policy (NIPFP) and National Council of Applied Economic Research (NCAER) as well as the National...
More »New EPF enrolment during Sep., 2017 to Apr., 2018 confined to a few industries & states, indicates data
A document of the Ministry of Statistics and Programme Implementation (MoSPI) dated 25th June, 2018 says that the number of members subscribing to the Employees' Provident Fund (EPF) scheme gives one an idea of the level of employment in the formal sector viz. mostly employment in establishments employing 20 or more persons (though EPF is applicable for certain organisations, which employ less than 20 persons, subject to certain conditions and...
More »Why firms love crop insurance more than farmers
-The Times of India NEW DELHI: The government's ambitious crop insurance scheme has proved to be a jackpot for insurance companies last year, which collectively earned 85 per cent profit (after excluding administrative and reinsurance expenses) during the 2017-18 kharif season. Kharif is an Indian cropping season which extends from July to October. 17 insurance firms (5 public and 12 private) empanelled under the Pradhan Mantri Fasal Bima Yojana (PMFBY) registered a...
More »Govt's plan for PSUs to procure from Dalit SMEs fails to take off -P Vaidyanathan Iyer
-The Indian Express In 2017-18, Central PSUs bought Rs 543.86 crore worth goods and services from SC/ST enterprises, accounting for just 0.46% of their total procurement of Rs 1,16,837.27 crore. New Delhi: The government’s ambitious plan to get Central PSUs to make 4% of their procurement from Dalit enterprises has not made much headway over the last six years. In 2017-18, Central PSUs bought Rs 543.86 crore worth goods and services from...
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