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Sahara India Group: Rs1.12 Lakh Crore of 129.6mn Investors Remains 'Stuck', Says Govt

-MoneyLife.in Nearly 130mn (million) investors have investments of over Rs1.12 lakh crore 'stuck' in six companies of the Sahara group. Market regulator Securities and Exchange Board of India (SEBI) has been facilitating the repayment of principal and interest to the investors who invested in optionally fully convertible debentures (OFCDs) of Sahara India Real Estate Corporation Ltd (SIRECL) and Sahara Housing Investment Corporation Ltd (SHICL), the Union government told the Lok Sabha.   In...

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Chhattisgarh: Mining & Allied Activities Promises In INC’s 2018 Election Manifesto Yet to be Implemented

-Press release by Mineral Inheritors Rights Association dated August 4, 2022  The promises made by the INC during the 2018 elections for the Chhattisgarh Legislative Assembly in the Mining and Allied Activities portion of their manifesto are yet to be implemented. Four years have passed, and the Indian National Congress (INC) has yet to implement any of the five promises stated in the Mining & Allied Section of their 2018 Chhattisgarh Legislative...

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Bengal NREGA workers face food security crisis -Soumyadip Mullick

-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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Government buys 2.5 lakh tonnes of onion for buffer stock

-The New Indian Express Onion production is estimated to have risen to 31.70 million tonnes in 2021-22 from 26.64 million tonnes in the previous year, according to the government data. NEW DELHI: The government has procured 2.5 lakh tonnes of onion from farmers to create buffer stocks for 2022-23 and will intervene in the market in case of rise in retail prices of onion. Onion production is estimated to have risen to 31.70...

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Crisis in salt sector hits 5 lakh people in Gujarat -AM Jigeesh

-The Hindu  While farmers suffer due to a lack of minimum support price, workers are also in distress for want of a proper system for wages and social security MORBI/JAMNAGAR: Bharat C. Raval, president of the Indian Salt Manufacturers’ Association (ISMA), started his career as a salt inspector with the Gujarat government. After spending 19 months in the government, he was attracted towards the salt cooperatives initiated by none other than Dr....

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