-The Business Standard The food security ordinance would empower poor urban migrants to challenge denial of ration cards The new Food Security Ordinance provides virtually nothing and yet quite a lot. What it provides is food as a legal right. And that means a lot for a poor migrant in a city chawl, with no local address proof, having left all identity cards back in their native village and unable to claim anything...
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The costs of no food security -Ashutosh Varshney
-The Indian Express India is at the point where a low income democracy cannot afford to ignore the hungry Is India's food security ordinance supportable? The debate has been vigorous. It will help to separate the questions of process from those of principle. Whether an ambitious scheme of this magnitude should have been brought in as an executive ordinance or as a new law after parliamentary debate, is basically a procedural question. It...
More »Fixed deposits earning you negative returns-Mayur Shetty
-The Times of India BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates. To make matters worse, depositors continue to be taxed on this nominal income. Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks...
More »The employment story reflected in NSS data: Jobless growth reversed-Santosh Mehrotra
-The Economic Times The latest round of NSS - the 68th employment-unemployment round - brings good news for jobs. The data for 2011-12 shows that total employment in the economy has risen from 460.2 million in 2009-10 to 472.9 million in just two years. This is good news compared to the previous five-year period that saw an increase of only 2.5 million jobs over 2004-05 and 2009-10. Another piece of good news...
More »Uttarakhand readying to release list of missing persons -Bharti Jain
-The Times of India NEW DELHI: After seeing the massive rescue operation to its completion, the Uttarakhand government, with the aid of disaster management authorities, is getting ready to release the final list of "missing" persons who can, for all practical purposes, be "presumed dead". The "missing" database is expected to be ready by the weekend, or July 8, and will be released soon after. Sources overseeing the relief work indicated that...
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