-Newsclick.in LIC’s bad loans bulged by 145% in the last five years to Rs 30,000 crore in September 2019. Life Insurance Corporation of India (LIC) has been struggling with rising non-performing assets (NPAs) and downgraded investment portfolio of Rs 67,387 crore, reveals the insurer’s latest public disclosure figures. The biggest public insurer has been witnessing a deteriorating health since 2014, significantly due to massive investments in cash-strapped public and private entities pushed...
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Merely 4% of city's 2,064 homeless people aware of welfare schemes -Saurabh Prashar
-The Indian Express The survey, which was submitted to MC Commissioner KK Yadav, also concludes that 94.6 per cent people (1953 out of 2,064) are permanently homeless and 5.4 percent people (111) are temporarily homeless in Chandigarh. Chandigarh: About 96 per cent of the total 2,064 homeless people in Chandigarh are unaware of the welfare schemes introduced by the central government, says a joint survey conducted by the Centre for Social Work...
More »The Indian State's approach to CAA-NRC is flawed -Suraj Gogoi
-Hindustan Times In science, an anomaly in an experiment does not amount to abandoning a certain theory or method involved in the experiment. Experiments are run again, and corrective measures are taken to prevent or minimise anomalies. When it comes to the NRC and CAA, is the Indian State thinking the way a scientist would treat their experiments? How does the Indian State think and reason when it encounters a crisis? Is...
More »Civil society presses for an increase in budgetary allocation for MGNREGA in FY 2020-21
-Press release by NREGA Sangharsh Morcha dated 27 January, 2020 As the Indian economy continues to languish, the government ignores the advice given by several noted economists, including that of the most recent Nobel winner Abhijit Banerjee, to improve the functioning of the National Rural Employment Guarantee Act (NREGA). The economy is facing blow after blow. India has the highest rates of unemployment in the past 45 years and food inflation...
More »Government must engage in a collaborative effort with farmer groups -Ajay Vir Jakhar
-The Indian Express There is an ambiguous provision to levy income tax on “dairying”. Either the provision should be removed or it should be clarified that it does not include dairy farmers. Dairying is a part of agriculture and as per the Constitution, it is a state subject. Those in power may not yet be accepting blame for the barrage of negative news on the state of the economy, but cracks are...
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