The Planning Commission has said that states will have to bear the additional burden if the minimum wages notified by them are higher than that fixed by the Centre for work under the employment guarantee Act. In the case of rich "states that can afford very high minimum wages, the central government reimbursement will be limited", Planning Commission deputy chairman Montek Singh Ahluwalia told reporters. For a state where minimum wages are...
More »SEARCH RESULT
Total Matching Records found : 2232
Manmohan asks States to consider waiving local taxes
Prime Minister Manmohan Singh on Friday asked States to consider waiving mandi taxes, octroi and local taxes for taming Inflation, which affected the poor “harder” and posed a serious threat to the country's growth momentum. He said much of the responsibility for checking price rise lay with the States. “Much of what needs to be done... lies in the domain of State governments... There seems to be a strong case for waiving...
More »High food prices forcing Indians to cut other spending, says Nielsen
THE boom in demand for apparel and mobile phones may soon be over as Indians plan to spend less on fun and entertainment to deal with rising food prices, a Nielsen study says. Indian consumers are extremely cautious about rising food prices and a sizeable section may defer purchases by 6-12 months, says the latest Nielsen global consumer confidence index released on Monday. Some companies, including LG Electronics and Future Group, agreed...
More »Rural job plan turns 5, but wages need to grow more by Prasad Nichenametla
The Mahatma Gandhi National Rural Employment Guarantee Act, UPA’s flagship aam admi scheme, turns five on Wednesday. However, more than 30% of the rural India working under the right-to-work act would continue to receive wages below the guaranteed minimum as per the minimum wages act. On January 14, the ministry of rural development issued a notification revising the wage rates under the MNREGA from Rs 100 per day to between...
More »Inflation jumps to 17.05 pc from 15.57 pc
Food Inflation soared to 17.05 per cent for the week ended January 22, rising for the second straight week, on the back of costlier vegetables, fruits and milk. Food Inflation rose by 1.48 percentage points from 15.57 per cent in the previous week. The food Inflation last year had stood at 20.56 per cent. On an annual basis, onion prices rose by 130.41 per cent in the third week of January,...
More »
