-The Indian Express There are around 28,000 active arhtiyas in Punjab out of which 50 per cent are the ‘Baniya Arhtiyas’ (traditional arhtiyas), while the other 50 per cent are ‘Zamindar Jatt Arhtiyas’ (mostly farmers’ themselves). Jalandhar: With passing of the Farmers’ Produce, Trade, and Commerce (Promotion and Facilitation) Act, the arhtiyas (commission agents) of Punjab are set to lose around Rs 1700 to Rs 1800 crore annually in ‘commission’. While the...

-The Hindu Scheme will be implemented even for borrowers who did not avail moratorium. Three weeks after informing the Supreme Court that the Centre would bear the additional compound interest on loans of up to ₹2 crore availed by retail borrowers as well as micro, small and medium enterprises (MSMEs), the government formally communicated the modalities of the scheme to lenders on Friday. Banks and other lenders, including co-operative banks and non-banking finance...

-The Indian Express Over the first half of 2020, while average wealth rose by only 1.7 per cent, credit Suisse estimated that the full rise for 2020 will be 5-6 per cent and 2021 will see growth of about 9 per cent. The average wealth of Indian adults rose marginally by $120 (about Rs 8,800) to $17,420 (Rs 12.77 lakh) at end-June 2020, as against $17,300 as of December 2019, showing some...

-Newsclick.in The re-skilling fund, introduced through a new labour code bill, may end up discouraging workers from using it, fear experts. The re-skilling fund, introduced through the Industrial Relations (IR) Code Bill, 2020, with an aim to train the retrenched workers, may come with controversial provisions for the beneficiaries, including requiring them to produce a proof of conformity to the government, a media report on Monday has hinted. A retrenched worker, who takes...

-Hindustan Times The Centre’s attempt to bulldoze the states on agriculture weakens the entire reform process Days after Parliament passed the controversial agriculture bills, several state governments have begun crafting strategies to avoid its implementation. This is a predictable consequence of a process of law-making that undermines India’s federal consensus. Agriculture is a state subject. The passage of national laws, on a state subject, marks a rupture in India’s federal trajectory. There is...