-The Hindu The latest inflation readings based on the Wholesale Price Index and the Consumer Price Index are a cause for concern. While the annual gain in wholesale prices hit a 23-month high of 3.55 per cent in July, retail inflation quickened past the Centre’s new Monetary Policy Framework’s upper limit for tolerance to 6.07 per cent. Food costs — a key component in both indices — were the main culprit....
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Government employees earn (much) more than private sector ones – but only at the entry-level -Mayank Jain
-Scroll.in However, 32 lakh employees are still not happy. People working for the Indian government have a reason to celebrate. The Narendra Modi government has just doled out a Rs 1.02 lakh crore pay hike for some 10 million current and ex-employees, whose salaries are likely to get a jump of 23.55% on average. On Wednesday, the Cabinet approved the recommendations of the Seventh Pay Commission and the wage hike should follow...
More »How to combat food price rise before its too late -Lekha Chakraborty and Pinaki Chakraborty
-The Financial Express Persistence of high food inflation can harden the monetary policy stance and make fiscal choices difficult Food inflation increased to 7.9% in May 2016 as against 4.23% in April. This sudden spurt in food inflation is attributed to vegetable prices, followed by pulses and sugar. Is this a short-term spike or will it be a persistent one? If it is going to be a persistent one with pass-through effects,...
More »NREGA Workers Protest Low Wages by Returning Five Rupees to PM Modi
-TheWire.in Hundreds of NREGA workers from Manika in the Latehar district of Jharkhand have decided to send a letter, along with 5 rupees each, to Prime Minister Narendra Modi today. In a sarcastic attempt to highlight the government’s expenditure priorities and protest against the low NREGA wages even in times of drought, the workers have talked about how the government has raised the NREGA wages from 162 rupees to 167 rupees per...
More »Open letter from NREGA workers put Govt. to shame
It seems that not only civil society activists, but even the poor and marginalized themselves are not happy with the Centre’s social welfare policies. Following the recent protest by 150 eminent persons regarding failure of the NDA Government to take-up urgent measures for employment generation and ensuring food, nutrition & drinking water security in the backdrop of severe drought in roughly 1/3rd of Indian districts (please click here to access),...
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