-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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Provisions in Act to protect transgenders totally toothless, says plea in SC
-The Hindu ‘Why a magistrate has to certify transgenders’ identity’, apex court asks govt The Supreme Court on Monday asked the government to explain why a law meant to protect the transgender community requires a magistrate’s certificate as a PRIor condition for the State to even identify a transperson. A Bench led by Chief Justice of India Sharad A. Bobde issued formal notice to the government on the petition filed by Swati Bidhan...
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 »Fund crunch hits MGNREGA scheme -PRIscilla Jebaraj
-The Hindu 96% of annual allocation exhausted. The Centre is on the verge of running out of funds for the crucial Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme. More than 96% of the allocated money has already been spent or is needed to pay pending dues, with less than Rs.2,500 crore left to sustain the scheme for the next two months. Fifteen States are already in the red. According to the scheme’s...
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...
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