-The Hindu Business Line MSMEs are using funds from the Emergency Credit Line Guarantee Scheme more to pay off earlier loans than as growth capital The Emergency Credit Line Guarantee Scheme (ECLGS) was one of the highlights of the economic package announced by the government in May, and it became operational on May 23. The scheme is basically a loan guarantee for all MSMEs which were operational as on February 29 with...
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‘Parkinson’s is recognised as disabling’: NPRD seeks NHRC’s intervention in Stan Swamy’s case
-The Indian Express Last week, a special court had directed the National Investigation Agency (NIA) to file a reply on an application filed by Swamy, who had sought permission to be allowed a straw and sipper in the jail. The NIA has Been asked to file a reply to the plea by November 26. Seeking the National Human Rights Commission of India’s (NHRC) intervention, the National Platform for the Rights of the...
More »Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »A recipe to tear down trade unions -Gautam Mody
-The Hindu The new labour laws are a brutal attack on workers’ ability to safeguard their rights Labour law ‘reform’ has Been on the table since 1991 as every government’s favourite solution for economic growth. Yet, there was no consensus between governments, political parties, workers and their trade unions, and employers, on what this meant. Unlike other political formations, the BJP has Been in unqualified agreement with employers that the existing labour...
More »A day after RCEP, Jaishankar slams trade pacts, globalisation -Suhasini Haidar
-The Hindu ‘The effect of past trade agreements has Been to deindustrialise some sectors’ India has allowed other countries “unfair” trade and manufacturing advantages “in the name of openness”, asserted External Affairs Minister S. Jaishankar, in a speech criticising the effects of globalisation on Monday. Speaking just a day after the 15-nation Regional Comprehensive Economic Partnership (RCEP) was signed, Mr. Jaishankar was particularly scathing of trade agreements, which he said had forced...
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