-Firstpost.com/ IndiaSpend Delhi/ Gurgaon: Underneath two gigantic chandeliers in the conference room of a posh Gurugram hotel, 250 elegantly dressed women are ferociously beating drums. Faster, slower, louder, stop. It’s easier than it looks. The women break out into a sweat as they whistle and shout hoi in unison, on cue. The idea of this 45-minute exercise, said Blesson Joseph of team-building company Dfrens, is to demonstrate the power of cooperation. “If...
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Banks take about Rs. 70,000-cr. hit due to frauds in last 3 years
-PTI ‘Impact in 2017-18 at ?36,694 cr. more than twice seen in previous 2 years, each’ Indian banks reported a total loss of about ?70,000 crore due to frauds during the last three fiscals up to March 2018, the Rajya Sabha was informed on Tuesday. The extent of loss in fraud cases reported by scheduled commercial banks (SCBs) for 2015-16, 2016-17 and 2017-18 was ?16,409 crore, ?16,652 crore and ?36,694 crore, respectively, Minister...
More »Farmers in Bidar threaten suicide over non-payment of crop insurance
-TheNewsMinute.com They enrolled for the Pradhan Mantri Fasal Bima Yojana in 2016-17, but allege they have not yet received payments. Around 300 farmers in Bidar threatened to take their own lives, claiming they have not been paid crop insurance for the last two years. The farmers gathered at the Gram Panchayat office in Kosam demanding the payment of crop insurance, which was supposed to be paid to them as part of the...
More »Rebooting the system for a skills upgrade -Santosh Mehrotra & Ashutosh Pratap
-The Hindu There needs to be a road map to rescue private Industrial Training Institutes from their weak state Small shops, basements, tin sheds and godowns. These are not random workplaces but places where private Industrial Training Institutes (ITIs) are running in the country. Disturbing facts such as these come from the report of the Standing Committee on Labour (2017-18) headed by Bharatiya Janata Party MP Kirit Somaiya, on the “Industrial Training...
More »Indian Workers on Starvation Wage -Subodh Varma
-Newsclick.in By all accepted standards, the official minimum wages in states are just enough to keep the worker alive. What they actually get is even less. Minimum wages of industrial workers in India are less than half of what a justifiable calculation – based on minimum calorific intake and the barest minimum of other expenses – suggests. While the central govt. using a well-accepted standard formula provides Rs.18,000 per month to its...
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