-Scroll.in The economic vision laid out in the plan is divorced from the realities of urban employment in Delhi. In Delhi, the unplanned and the informal are not the exception. A vast section of the city’s residents live in informal settlements, and eight out of 10 workers are informally employed. Insecurity of work and tenure marks their day-to-day existence. Whether it be vending on the streets, picking and sorting waste from people’s...
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Freedom House Report Criticises India for Internet Shutdowns, New IT Rules and More
-TheWire.in The 'Freedom of the Net', an annual report that analyses the state of human rights in the digital sphere, found plenty to object to in the Indian context. New Delhi: “Where democratic checks and balances are lacking, government officials will exploit regulation to punish any company that moderates politicians’ speech, or pushes back against arbitrary orders to remove content or hand over data.” These lines come from Freedom House’s latest edition of...
More »Accounting regulator raps ‘EY arm’s’ audit of IL&FS firm
-The Hindu 'Understatement of losses runs up to more than ₹2,000 crore’ The National Financial Reporting Authority (NFRA) has rapped ‘EY group firm’ SRBC & Co. LLP for failing to detect several problems in the IL&FS group’s transport venture while undertaking its statutory audit in 2017-18. The auditor’s lapses had led to losses being understated by more than ₹2,000 crore, incorrect treatment of letters of comfort of ₹2,654 crore and improper valuation of...
More »A flawed calculation of inflation -Arun Kumar
-The Hindu The current official inflation rate does not correctly measure price rise Inflation for the last four months has been worryingly high — wholesale price index (WPI) has been above 10% and consumer price index (CPI) crossed the 6% mark in June, which was above the Reserve Bank of India (RBI)’s tolerance band. This is happening at a time when demand has been down, unemployment has been high, many have lost...
More »PM CARES "Not A Government Fund", Prime Minister's Office Tells High Court
-PTI/ NDTV.com An affidavit filed by an Under Secretary in the PMO who is discharging his functions in the PM CARES Trust on honorary basis said the trust functions with transparency and its funds are audited by an auditor - a chartered accountant drawn from the panel prepared by Comptroller and Auditor General. New Delhi: The PM CARES Fund is not a Government of India fund and the amount collected by it...
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