-Outlook Union Rural Development Minister Jairam Ramesh today said there was a need to have parity of wage under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) and the Minimum Wages Act. He said, in 14 states including Bihar, Jharkhand, West Bengal and Rajasthan, the wage under the rural job scheme was lower than the rate stipulated under the Minimum Wages Act. Speaking at an event to mark the 9th MNREGA Divas...
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Retail Inflation Slows to 9.87% in December
-Outlook Some moderation in vegetable and fruit prices eased December retail inflation to three-month low of 9.87 per cent, giving the Reserve Bank of India more leeway to manage interest rates. Inflation as measured by the Consumer Price Index (CPI) for November has been revised marginally downwards to 11.16 per cent from preliminary estimate of 11.24 per cent. Vegetable prices on annual basis rose 38.76 per cent in December, a slower pace than...
More »Save the farmer -Devinder Sharma
-Deccan Herald Between 2005 and 2010, 140 lakh people were displaced from agriculture and 57 lakh jobs were lost in the manufacturing sector. With a bountiful monsoon and a record foodgrain production, agriculture is going to be the saviour of the Indian economy in 2013-14. At a time when there is an all around doom and gloom -- industrial output failing to keep pace, manufacturing sector refusing to look up, joblessness growing,...
More »Inflation Remained a Big Challenge for Govt, RBI in 2013 -Joyeeta Dey
-Outlook A surge in food prices ripped common man's pockets as the UPA government paid for its failure in the assembly polls in four states and may feel the heat in next year's general elections as well if it is not controlled. Prices of kitchen essentials such as onions spiked to a record Rs 100 per kg and tomatoes touched Rs 80 in some states during the year, pushing the food inflation...
More »Cashless facility faces threat
-The Telegraph Networks of private hospitals across India today said they would stop providing cashless services to beneficiaries of government-funded healthcare schemes from January 15 next year, citing delays in payments and "low" charges set by the government. Members of the Association of Healthcare Providers of India (AHPI) said beneficiaries of the Central Government Health Scheme would need to pay for any treatment they seek from that date onwards and seek reimbursement...
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