-The Indian Express As part of the first supplementary grant of demands, the ministry had released an additional Rs 5,000 crore — a third of the Rs 15,000 crore the MoRD had demanded to meet increased expenditure in drought-affected states. The Ministry of Rural Development has sought Rs 10,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) as part of the second batch of supplementary demand of grants, set...
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Despite the 'war on drought', Andhra Pradesh fails to save crops
-PTI The “war on drought” announced by Andhra Pradesh chief minister N Chandrababu Naidu has faiLED to yield the desired results, with groundnut crop output plummeting despite crores of rupees spent on providing water for irrigation. Scanty rain during July-August prompted the state government to declare a ‘war’ on drought by deploying thousands of rain guns to wet standing groundnut crops in 15 lakh acres in Anantapuramu district, 4.5 lakh acres in...
More »Proposal to amend law for cashless wage payments
-The Hindu The Centre has proposed amending a law to empower States and allow industries to pay wages by cheque or by direct credit into bank accounts. The Union Labour ministry has proposed changes to the Section 6 of the Payment of Wages Act of 1936. The present law states that all payment of wages should be made in cash, with a provision enabling employers to obtain written permission of the...
More »Imposed only reasonable restrictions, govt. tells SC -Krishnadas Rajagopal
-The Hindu Affidavit in SC denies any lack of preparedness in implementing the demonetisation policy Curb on money transactions, including withdrawals and wedding expenses, are “only reasonable restrictions” imposed on the rights of the public for a limited time, the government said in its latest affidavit. “Cancellation of legal tender of Rs. 500 and Rs. 1,000 notes is only a reasonable restriction and regulatory in nature. Merely because there is a restriction on...
More »Veggie wholesale rates crash, retail prices only dip in cities -Subodh Varma
-The Times of India In the finely balanced but lucrative economy of vegetable and fruit trade, demonetisation has had a bizarre effect. In distant rural areas, local vegetable prices — both wholesale and retail — have crashed as the oxygen of currency has been suddenly sucked out. Since the whole economy depended on cash, from transport to mandis to purchase prices, this is unsurprising. But in cities, where there is more liquidity,...
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