-PTI Amritsar: Aiming to move towards a cashless India, the Centre and states could soon have powers to specify categories of employers who will have to pay wages either through cheques or by crediting the amount directly into the workers’ bank account. “The Government is ready with the Payment of Wages (Amendment) Bill, 2016 which seeks to empower the Centre as well as states to specify industrial or other establishments where employers...
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Promote cashless, earn marks -Basant Kumar Mohanty
-The Telegraph New Delhi: Participating as a volunteer in the Centre's financial literacy campaign for a cashless economy will yield academic credits to students of higher educational institutions, including the IITs. The Union HRD ministry has launched a scheme called the Vittiya Saksharta Abhiyan (Visaka) under which heads of institutions have been advised to give students credits for taking forward the Prime Minister's agenda. "Directors of all institutions should ensure that the necessary...
More »Route all wages via bank accounts: Govt. -Vikas Dhoot
-The Hindu Industry has expressed concern over the directive New Delhi: The Centre has asked all employers and contractors to ensure that wages are paid to all employees, including casual and contract workers, through cheques or electronic transfers into a bank account. The Chief Labour Commissioner, under the Ministry of Labour and Employment, has also asked firms to get bank accounts opened for all those workers who do not have one already, and...
More »Between a drought and a hard place -Jiby Kattakayam
-DNA The Dalits of Bundelkhand, its most oppressed section of society are leaving the region in droves due to a lack of employment opportunities. Meanwhile, their children are being deprived of education, too, either because of a loss of regular income or because of caste discrimination On October 24, Prime Minister Narendra Modi addressed a Parivartan rally in Mahoba in Uttar Pradesh where he highlighted the presence of large numbers of...
More »Jean Dreze, economist and a leading advocate of welfare policies, interviewed by Vasudha Venugopal (The Economic Times)
-The Economic Times "Demonetisation in a booming economy is like shooting at the tyres of a racing car," says development economist Jean Drèze . A leading advocate of welfare policies, Drèze who was a member of the National Advisory Council during the UPA regime, tells ET that the sudden move to demonetize high-value currency notes has created a scary situation for people who live on the margin of subsistence, and that...
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