-The Telegraph Kerala Finance minister pitched for extending it beyond June next year as the state was already grappling with a significant revenue shortfall The clamour for compensation to states beyond June 2022 grew louder on Saturday with Kerala Finance minister K.N. Balagopal saying the financial situation of the state would be deeply impacted if the assistance is not extended. Balagopal pitched for extending the GST compensation beyond June next year as his...
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RBI proposal to loosen lending norms for private players a catastrophe in the making -Rana Mitra
-Frontline.thehindu.com The RBI’s proposal to loosen regulations for private lenders in the microFinance space will have disastrous consequences for the poor, especially women in rural areas. MicroFinance, a category of financial services aimed at serving people from low-income households who lack access to conventional banking credit and services, was originally designed by international Finance capital institutions such as the World Bank as an alternative to providing direct concessional credit to the poor—which...
More »How a 62-year-old farmer got 5 IAS officers sentenced for contempt of court -Apoorva Mandhani
-ThePrint.in Savithramma from SPS Nellore district wasn't paid compensation for land taken over by revenue authorities in 2015. What followed was a 6-year-long legal battle to get her due. New Delhi: On Thursday, four serving IAS officers and a retired one were found guilty of contempt of court by the Andhra Pradesh High Court and were sentenced to varying jail terms or fines. The order came after a six-year-long legal fight and a...
More »Lack of GST details stumps economists -Vikas Dhoot
-The Hindu States seek transparency in GST data. GST collections have crossed ₹1 lakh crore in eleven of the last 12 months, with the government attributing the trend to a rapid economic recovery and improved compliance levels, but economists are unable to analyse these tax numbers as critical data points are no longer shared by the government. Until December 2020, when monthly GST collections were released, the official statement from the Finance Ministry...
More »Latest available PLFS data sheds light on unpaid helpers in self-employment & underemployment among various types of workers
Generally, economists refer to indicators like Worker Population Ratio (WPR), Labour Force Participation Rate (LFPR) and Unemployment Rate (UR) in order to assess the extent of joblessness and work related precarity at a particular period of time in a certain geographical area. However, there are other indicators too, which can help in understanding the job situation, livelihoods security and vulnerability of workers in a better way such as 'percentage distribution...
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