-Livemint.com The Supreme Court has asked RBI to submit the information within six weeks New Delhi: The Supreme Court (SC) on Tuesday asked the Reserve Bank of India (RBI) to furnish details of companies that have defaulted on loans amounting to more than Rs.500 crore in sealed covers within six weeks. The court made the central bank a party to a 2005 case related to bad loans advanced to a few companies...
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Rs 69,355 crores of debt that's killing Punjab farmers
-The Times of India PATIALA: The figure of Rs 70,000 crore cropped up frequently in 2015. This was the total amount that mutual fund firms invested in equity markets. This was also the amount that India offered to pay Russia to acquire anti-ballistic missile systems in what is considered the biggest defence deal between the two countries. Also, the Union finance minister proposed an increase in investment in infrastructure by Rs...
More »Misguided emphasis on labour reforms -SP Singh & Amit K Giri
-The Hindu Business Line Going by the experience worldwide, it is unlikely to generate jobs in the formal sector Changes in land and labour laws are the two most important components of the second generation of economic reforms. Since early 1990, a slew of economic reforms have been initiated in almost all sectors. However, the governments in power from 1990 through 2014 did not introduce radical changes in the prevailing land and...
More »Labour Ministry to trim cos' EPFO coverage threshold to 10 workers
-PTI At present, it is mandatory for firms with 20 or more workers to subscribe to social security schemes New Delhi: In a bid to provide social security to additional 50 lakh workers under retirement fund body EPFO, the Labour Ministry has decided to halve the threshold for coverage of firms to 10 workers through an executive order. At present, it is mandatory under the Employees' Provident Fund and Miscellaneous Provisions Act for...
More »To curb graft, tendering of railway deals to go online -Mahendra K Singh
-The Times of India NEW DELHI: Dreaded gangster Sriprakash Shukla built his criminal empire on illegal money earned from railway contracts worth crores in places with big railway establishments like Gorakhpur and Banaras. But this could be a thing of the past as the state-run transporter is set to start online tendering of all contracts related to civil works within a month's time. Contracts for civil works worth around Rs 30,000 to...
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