-The Hindu A lack of sufficient funds, rampant payment delays and abysmal wage rates are to blame The ?11,000 crore fraud that diamond merchant Nirav Modi is said to have created is a figure that needs to be put in perspective. The total amount of wages pending under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme for the whole country (2016-17) was around ?11,000 crore too. This sum is a...
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Meet Bakshi Ram, the man behind Uttar Pradesh's brimming sugar mills -Sanjeeb Mukherjee
-Business Standard From occupying 3% of all sugarcane area in the state in 2012-13, the variety that now covers 52% New Delhi: India’s sugar sector is staring at an unprecedented glut, with production topping 31 million tonnes. Sugar is suddenly tasting bitter as mills are finding it difficult to pay sugarcane farmers in the politically sensitive state of Uttar Pradesh. At the heart of the surplus lies a new variety of sugarcane called CO-0238,...
More »How Many Jobs Are Really Being Created by the Modi Govt's Mudra Scheme? -Noor Mohammad
-TheWire.in Figures highlighted in an RTI reply cut to the heart of a debate over the government’s assertion to count Mudra loan beneficiaries as employed. New Delhi: Struggling to deliver on the poll promise to create one crore jobs a year, the Narendra Modi government and the BJP may have found a face-saver in the flagship self-employment Mudra scheme, launched under the Pradhan Mantri Mudra Yojana (PMMY) in 2015. However, three years in,...
More »Cracking the rural consumption puzzle -Aarati Krishnan
-The Hindu Business Line The surge in non-farm employment has led to a rural consumption splurge, making listed companies bullish Is rural India languishing in abject misery, or is it on a cheerful spending spree? Today you can get diametrically opposing views on this, depending on where you get your information. If you are an avid follower of news, then you would be firmly in the pessimist camp, having read all about...
More »This east Delhi colony is now powered by Sun
-The Times of India NEW DELHI: After Dwarka, a cooperative housing society in east Delhi has now gone solar. Chief minister Arvind Kejriwal inaugurated a 140 kWp solar PV plant at Milan Vihar cooperative society in IP Extension on Sunday. According to officials, the plant will generate 1.7 lakh units in a year and the society will earn Rs 3.4 lakh per year as generation-based incentive. Sources said many other housing societies...
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