States may set it higher, not lower; planned link to cost of living. The Minimum Wages Act will be amended to enact a new centrally set minimum, in the wake of the National Advisory Council's suggestion on asymmetries in this regard between states on payments for work done on schemes under the National Rural Employment Guarantee Act (NREGA). The Union labour ministry has begun consultations on the proposed change and on making...

With mills in Uttar Pradesh yet to begin crushing, farmer leaders have decided to hold their agitation and wait till mills open and declare the price at which they will buy cane. Millers, on the other hand, are of the firm view that they cannot operate feasibly at the state government mandated SAP of 205/quintal and there is no way they can afford to pay an incentive over it, as...

Justice N Ramamohana Rao of the High Court on Monday directed the central government to explain within one week as to how it could say that the wages payable to the workers under the NREGA scheme can be lower than the wages fixed as per the Minimum Wages Act. The judge was dealing with a writ petition and a resultant contempt case filed by one Ajay Kumar of AP Vyavasaya Vruthidarula...

Every afternoon at about four, a slight woman named Runi slips out of the cramped, airless room that she shares with her husband and their sixteen children. She skirts the drainage ditch in front of the building, then walks toward the pile of hardened dung cakes that people in this slum on the edge of the northeastern Indian city of Patna use for fuel. Dressed in a bright-yellow sari shot...

Microfinance is an effective tool for financial inclusion. Here are some elements of the recently embattled sector The recent controversy surrounding the microfinance sector has entirely eclipsed the fact that it is the first effort in India to have delivered financial services to remote corners of the country in a self-sustaining manner. The stakes are high for India’s poor, and we have to pave the way for orderly growth in the...