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No annuity rider, NPS subscribers get ₹5 lakh exit option

-The Hindu Admitting that annuities now fetch paltry pensions, regulator says investors can withdraw the corpus The National Pension System (NPS) will no longer compel investors to convert 40% of their accumulated retirement corpus into an annuity, as poor yields on annuities and high inflation are translating into negative returns, the Pension Fund Regulatory and Development Authority (PFRDA) Chairman, Supratim Bandyopadhyay, said on Thursday. The regulator will issue fresh rules to soon allow...

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Create a sustainable pathway for farmers -Baldev Singh Dhillon and Kamal Vatta

-The Tribune While attracting private capital investments in production, processing and marketing of high-value agriculture, the associated adverse socio-economic implications must be avoided. Last year, Parliament enacted the Farmers’ (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020. It is supposed to empower farmers to get engaged with upgraded value chain partners in a fair, transparent, mutually agreeable and remunerative manner to enhance their income by reducing marketing risks....

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Technology enabled digital labour platforms are not adhering to labour norms, points out new ILO report

Although services provided by the gig and platform workers touch the lives of each one of us, we have little knowledge about the role of digital labour platforms in transforming the world of work. Such digital labour platforms have created unprecedented opportunities for workers, businesses and society. However, they also pose serious threats to decent work and fair competition. A recent report by the International Labour Organisation (ILO) shows that the...

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Plough to plate, hand held by the Indian state -Mihir Shah

-The Hindu The distinct characteristics of India’s agriculture require that a reformed state must ensure farmer, consumer welfare For at least four decades now, economic policy making globally has dogmatically adhered to the notion that a progressively reduced role of the state would automatically deliver greater economic growth and welfare to the people. Since reform, by definition, is taken to mean only one thing, sector after sector is compulsively sought to be...

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The Modi Government Has Put the Cart Before the Horse -Prem Shankar Jha

-TheWire.in Indian agriculture is in the grip of a crisis and needs to move away from the 'cereal trap' towards alternatives. Deregulation of marketing should come second, not first. At the Indian Express’s e-Adda on March 21, Punjab’s chief minister Captain Amarinder Singh asked a question that has still not received an answer: Why did the Central government feel it had to change a marketing system that has existed for a hundred...

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