-The New Indian Express For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before. MUMBAI: For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before. The startling downfall of bank deposits is a first, at...
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Bezwada Wilson, national convenor of the Safai Karamchari Andolan, interviewed by Ahan Penkar
-Caravan Magazine On 9 September 2018, five sanitation workers died due to inhalation of toxic fumes while cleaning a sewage tank in West Delhi. Several media reports regarding the incident noted that the men did not have any safety gear, indicating that the unavailability of equipment led to their death. The police reportedly registered a case against theengineer who was in charge of managing the sewage tank,under Sections 304 and 304A...
More »Agricultural Loans Worth Rs 59,000 Crore Went to 615 Accounts in One Year -Dheeraj Mishra
-TheWire.in Agricultural experts say that large corporations are being given 'agricultural' loans at cheaper interest rates and with easier regulations in the name of farmers. New Delhi: Government banks handed out Rs 58,561 crore to 615 accounts in agricultural loans in the year 2016. On average, each account has been given over Rs 95 crore in agricultural loans. This information was revealed by the Reserve Bank of India in response to a Right...
More »Cash still the king. Cash savings highest in a decade -Gayatri Nayak
-The Economic Times Demonetisation seems to have had no impact on cash savings by the Indian household, Savings are again going out of the banking system with share of savings in form of cash touching decade high and that of deposits touching decade lows. While currency in circulation is at Rs 19.38 lakh crore is much higher than pre-demonetisation levels, household savings in form of cash and currency has surged to...
More »Factory workers in India -CP Chandrasekhar and Jayati Ghosh
-NetworkIdeas.org Recent data from the Annual Survey of Industries, covering up to 2015-16, provide some interesting insights into the changing nature of industrial employment in India. In the decade up to 2015-16, there was a significant increase in the number of factory workers, by around 40 per cent. This expansion can be dated from around 2005-06 onwards and especially up to 2011-12. This is to be expected, given that that was...
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