-The Hindu Business Line The CAG report details how these have neither helped industrial development nor boosted the economy Nearly a decade after the Special Economic Zones Act was brought into force, it is evident that the move has not helped industrial development. After examining SEZs in terms of background and objectives, fiscal incentives and facilities, approval process and administration, as well as life cycle, State-wise distribution and overall performance, parts of a...
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Minimum monthly wages could go up to Rs 15,000 -Subhomoy Bhattacharjee
-The Indian Express The Centre plans to fix minimum national monthly wages at around Rs 15,000 for all jobs in both the formal and informal sectors in the country. The National Minimum Wages Act, 1948, lays down minimum wages for 45 listed economic activities, which also serve as minimum wages for these activities in the states. However, states can specify minimum wages for over 1,600 economic activities. Raising floor wages to Rs 15,000...
More »Ordinance to dilute land law
-The Telegraph New Delhi: Rural development minister Chaudhary Birender Singh today held a meeting with senior officials amid indications that the ministry is planning an ordinance to amend the year-old land acquisition law which industry has opposed. Among those who attended the two-hour meeting was Vandana Kumari Jena, secretary, department of land resources. Sources said the rural development ministry was under pressure from the finance and infrastructure ministries to amend the Right to...
More »The great forgetting -Himanshu
-The Indian Express The Situation Assessment Survey (SAS) of agricultural households, released last week by the National Sample Survey Office (NSSO), is the second one ever to be done. The SAS of 2003 was necessitated by the agrarian crisis of the time. Farmer suicides had reached a peak, and the reference year for the survey, 2002-2003, had seen severe drought. The agricultural sector was in crisis, with growth rates slowing to...
More »Next: Ordinance to change land Act -Maneesh Chhibber
-The Indian Express Under Opposition fire for promulgating three ordinances less than 24 hours after both houses of Parliament were prorogued, the Centre is planning to take the ordinance route once more to effect crucial changes to the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. Sources in the Prime Minister's Office told The Indian Express that with Assembly elections in Jharkhand and Jammu and Kashmir...
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