-The Hindu Banks continue denying loans to low-income groups, insisting on sticking to a standard EMI route even though they are dealing with a complex social issue. In July 2012, Pradeep Kumar, a 36-year-old resident of Ladpur, a shanty town that sits on the north-western periphery of Delhi, applied for an employment loan at the magistrate’s office in Kanjawala district. Under the Pradhan Mantri Rozgar Yojana or PMRY — a funding policy...
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Rural poor may get 90% more funds to build houses under new scheme -Saubhadra Chatterji
-Hindustan Times Poor people in rural India may get 90% more funds to build their houses with the government planning to revamp the rural housing scheme, Indira Awas Yojna (IAY). The scheme — likely to be redesigned as the national Grameen Awas Mission — currently offers beneficiaries Rs 70,000 to build a house and Rs 8,000 for a toilet. The Centre is planning to hike this allocation to up to Rs 1.48...
More »Atal Pension Yojana: Guaranteed, but low pension -Anand Kalyanaraman
-The Hindu Business Line The Atal Pension Yojana is intended as a safety net for workers in the informal sector The Atal Pension Yojana (APY), like the National Pension System (NPS), seeks to provide monthly pension to subscribers from the age of 60. While the APY is open to all citizens of India between 18-40 years, it is focussed on workers in the Unorganised Sector. Guaranteed pension The scheme has been tailored to make it...
More »Socio Economic & Caste Census 2011: A mobile in 2 of every 3 rural homes, a salaried job in 1 of 10 -Ruhi Tewar
-The Indian Express Illiteracy high in Bihar, Rajasthan; income low in Karnataka, MP; families largest in UP Over two out of every three rural households own a mobile phone, the Socio Economic and Caste Census 2011 has found. At the same time, 36 per cent of rural Indians are illiterate, only 10 per cent households have someone with a salaried job and only 8 per cent households earn Rs 10,000 or more...
More »ILO's labour wing questions proposed trade union restrictions -Somesh Jha
-Business Standard The govt's view is that the unions should be representatives of the workers who can negotiate with the management and raise issues concerning them The labour wing of the International Labour Organisation (ILO) on Monday raised concerns over the Union government's proposal to restrict the entry of outsiders into the trade unions. "The ILO convention clearly states that it should be up to the trade unions to decide about its structures...
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