-The Hindu NABARD to manage Rs. 77,000-cr. corpus for scheme. India’s apex rural-development bank will manage a Rs. 77,000-crore corpus as part of a Central government push to complete 99 unfinished irrigation projects across the country by 2019, and bring water to 76.03 lakh hectares. The contours of the scheme were first made public by Finance Minister Arun Jaitley in his Budget speech this February and involve finishing 149 projects overdue since...
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Minimum wage hiked to Rs. 350, but unions firm on strike plan
-The Hindu Bharatiya Mazdoor Sangh announces it will not take part in the strike. The Left affiliated central trade unions will go ahead with a nationwide strike on Friday, even as the Centre on Tuesday announced sops in a bid to placate them. The peace offering includes a hike in the minimum wage for unskilled non-agricultural workers in central public sector units from Rs. 246 to Rs. 350 a day and formation of...
More »Govt to discuss bill to punish celebrities for misleading ads
-Hindustan Times New Delhi: An inter-ministerial panel is likely to discuss on Tuesday a draft bill prepared by the consumer affairs ministry which seeks to punish celebrities who endorse products that are substandard or make misleading claims. The stringent provisions in the bill include a fine of Rs 10 lakh and jail of up to two years for a first offence by celebrities. For subsequent offences, the draft bill provides a fine...
More »From Plate to Plough: Seize the crisis -Ashok Gulati & Shweta Saini
-The Indian Express Government has the opportunity to rein in food inflation on a sustainable basis. In his Independence Day speech, Prime Minister Narendra Modi counted his government’s achievements. Bringing down inflation from double digits to below six per cent was emphatically mentioned as one that brought relief to the aam aadmi. Without doubt, we witnessed moderation in the overall consumer price index (CPI) and wholesale price index (WPI) levels in the past...
More »Govt raises budget for rural jobs scheme by Rs. 5,000 crore -Elizabeth Roche
-Livemint.com Fresh fund infusion means the overall budget allocation for MGNREGS in 2016-17 will be Rs43,500 crore New Delhi: The Narendra Modi-led National Democratic Alliance government has increased the budget for the national rural employment guarantee scheme by Rs.5,000 crore to Rs.43,500 crore for 2016-17, minister of state for rural development Ram Kripal Yadav told Parliament on Monday. The scheme “will not be shut down but strengthened. It is a special direction...
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