-The Statesman The central government needs to clear pending funds, worth Rs 2,600 crore, and as per the MGNREGA Act, pay compensation of 0.05 per cent on daily wages. With the alleged lack of jobs and wages for MGNREGA workers in three districts of West Bengal, the Paschim Banga Khet Mazdoor Samity (PBKMS), based on the report of a fact-finding committee, has warned that these workers are facing an acute food security...
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Plight of the small peasantry in Punjab is affecting their mental health, highlights field-based study
Door-to-door and village-to-village surveys carried out by researchers of the Department of Economics and Sociology, Punjab Agricultural University, Ludhiana detected a total of 9,291 suicides that were committed by farmers in six districts of Punjab during the period from 2000 to 2018. Situated in the Malwa region of Punjab, which is known for cotton farming and the prevalence of cancer among its population, Sangrur (2,506) witnessed the highest number of...
More »Interim Report of the Fact Finding Team Investigating the Stoppage of MGNREGA Wages in West Bengal
-Press release by NREGA Sangharsh Morcha dated 28 July 2022 Based on the findings NREGA Sangharsh Morcha put forth the following demands: 1. All the documents pertaining to correspondence between the Central Government and the State Government on MGNREGA since 2019, including the reports of central team visits and action taken, should be made public. 2. The Labour Budget for West Bengal for the FY 2022-23 has to be approved immediately by the...
More »Price pinch: Editorial on the impact of inflation
-The Telegraph The Reserve Bank of India’s usual strategy of raising interest rates to hold inflation at bay kicked in a bit late and has not been working well so far In India, price inflation has been creeping up in the recent past. The latest data for June 2022 show consumer price index inflation to be 7.01% and wholesale price index inflation to be 15.18%. Food prices, which are an important component...
More »State Bank of India Writes Off Rs1.45 Lakh Crore Bad Loans of Big Defaulters since FY14; Refuses To Share Names -Yogesh Sapkale
-Moneylife.in State Bank of India (SBI) has again refused to share the names of borrowers who owe Rs100 crore or more, even with its shareholder. Over the past nine years, from FY13-14 up to FY21-22, SBI has written off bad Loans of over Rs145,248 crore of big defaulters, while recovering just over 13% from them. SBI told social activist and shareholder Vivek Velankar, "The Bank is under statutory and regulatory obligations to...
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