-The Telegraph The National Pension System is a disaster for retiring employees, says an apex body of various government unions; pension under existing scheme just 15% of that under earlier one A federation of Central government employees’ unions has written to the Cabinet Secretary to restore the Old Pension Scheme (OPS), stating that the National Pension System (NPS) is a disaster for retiring employees in their old age. The federation said a Defence...
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Six years since demonetisation, cash with public at record high of ₹30.88 lakh crore
-PTI/ The Hindu The intent of the move, which was criticised by many experts for poor planning and execution, was to make India a "less cash" economy. Currency with the public has jumped to a new high of ₹30.88 lakh crore as of October 21, illustrating that cash usage is still robust even six years after the demonetisation move. At ₹30.88 lakh crore, the currency with the public is 71.84% higher than the...
More »Can rich nations be held accountable for the pain caused to Maharashtra’s farmers by climate change? -Flavia Lopes & Nushaiba Iqbal
-Scroll.in/ IndiaSpend.com At the coming COP27, India is pushing for a finance facility that could cover monetary losses caused by climate change. It had been drizzling all day on Wednesday, October 19. Suvarna Vikas Shingda, 30, from Palghar’s Ake-gavhan village sat on the front porch of her hut. In one corner, harvested rice was stacked in piles, the cut sheaves covered with grains. A few days PRIor, her neighbour had informed her that...
More »Conundrum of Dharavi Redevelopment: A Case of Systematic Displacement of Workers From Mumbai -Shweta Damle
-Newsclick.in White the redevelopment plan of Dharavi is likely to go ahead, issues related to rehabilitation of workers without proof of the tenement are a major worry. The redevelopment of Dharavi has been in waiting for close to two decades. Dharavi Development Plan (DDP) announcements in the past have been closely related to elections. It has again made it to the headlines because of the impending municipal elections in Mumbai and the...
More »Cabinet approves additional subsidy for P&K fertilisers -Zia Haq
-Hindustan Times The move will cushion PRIces of crop nutrients that are governed by the Centre’s nutrient-based subsidy (NBS) scheme New Delhi: The Cabinet Committee on Economic Affairs chaired by PRIme Minister Narendra Modi on Wednesday approved an additional ₹51,875 crore subsidy for phosphatic and potassic (P&K) fertilisers for the rabi or winter-sown season, amid high global PRIces. The move will cushion PRIces of crop nutrients that are governed by the Centre’s nutrient-based...
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