-Frontline.in Interview with Utsa Patnaik, professor emerita of economics, Jawaharlal Nehru University. By T.K. RAJALAKSHMI THE FALLOUT of the decision of the National Democratic Alliance government to demonetise currency of higher denominations has been felt across all sections of people. There are concerns that it will lead to an overall economic slowdown given the acute shortage of currency for industrial and agricultural operations. The impact on agriculture and those dependent on agriculture...
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Demonetisation effect: 2,500 lose jobs as Howrah jute mill shuts -Bibhas Bhattacharyya
-Hindustan Times A jute mill in West Bengal’s Howrah district has temporarily closed down citing its inability to pay workers in the absence of Rs 500 and Rs 1,000 notes that were scrapped by the Narendra Modi government. The notice by the management of Sree Hanuman Jute Mills that threw about 2,500 workers out of jobs was issued around 10pm on Monday, on a day chief minister Mamata Banerjee apprehended a loss...
More »MGNREGA spending high, call for Rs 10,000 crore extra -Shalini Nair
-The Indian Express As part of the first supplementary grant of demands, the ministry had released an additional Rs 5,000 crore — a third of the Rs 15,000 crore the MoRD had demanded to meet increased expenditure in drought-affected states. The Ministry of Rural Development has sought Rs 10,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) as part of the second batch of supplementary demand of grants, set...
More »Proposal to amend law for cashless wage payments
-The Hindu The Centre has proposed amending a law to empower States and allow industries to pay wages by cheque or by direct credit into bank accounts. The Union Labour ministry has proposed changes to the Section 6 of the Payment of Wages Act of 1936. The present law states that all payment of wages should be made in cash, with a provision enabling employers to obtain written permission of the...
More »Law to regulate working condition of domestic workers demanded
-PTI The platform has also drafted a model Domestic Workers Regulation of Work and Social Security Bill and discussion on it was held with various stakeholders. New Delhi: Civil society organisations and trade unions under the banner of National Platform for Domestic Workers today demanded a comprehensive legislation to regulate their working condition and provisions for social security benefits. The platform has also drafted a model Domestic Workers Regulation of Work and...
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