-Livemint.com According to govt data, the output of foodgrains is 11.9 million tonnes higher than the average production of 129.7 million tonnes between 2012-17 New Delhi: India’s foodgrain production during the rain-fed kharif season is estimated at a record 141.6 million tonnes in 2018-19, raising chances that wholesale crop prices will continue to hover low ahead of crucial elections in states like Madhya Pradesh, Rajasthan and Chhattisgarh. The first advance estimate of crop...
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Wary of opening new front, govt sitting on OBC report? -Subodh Ghildiyal
-The Times of India NEW DELHI: With the upper caste backlash over the government's aggressive pro-Dalit measures roiling the Politics, will BJP execute the radical measure of sub-categorisation of OBCs or prefer to procrastinate on the expert commission's pending report? The question was uppermost on the minds of government insiders a day after the chairperson of the Commission tasked with drafting the sub-categorisation blueprint, Justice G Rohini, met Union minister Thavar...
More »Fiscal deficit in April-August at 94.7% of govt's annual target -Asit Ranjan Mishra
-Livemint.com India’s fiscal deficit touched 94.7% of the budgeted target during the April-August period while revenue deficit crossed the budget estimate at 113.8% in the same period New Delhi: Despite a substantial increase in transfer of surplus by the Reserve Bank of India (RBI) to the government, India’s fiscal deficit touched 94.7% of the budgeted target during the April-August period while revenue deficit crossed the budget estimate at 113.8% in the same...
More »57% of regular Indian employees earn less than Rs. 10,000
-Livemint.com The ‘State of Working India’ report by Azim Premji University shows that the low wage is so evident that people earning Rs. 50,000 or more constitute just 1.6% of the total workforce in India New Delhi: Despite economic growth and gradual formalization of the workforce, low wages and wage growth remain key challenges with 57% of regular employees earning Rs. 10,000 or less a month, a new report published on Tuesday...
More »Govt penalizes insurers for delay in settling crop insurance claims -Sayantan Bera
-Livemint.com While farmers will receive a 12% penal interest payment for delays in settling claims, state governments will be penalised if they delay in depositing their share of subsidies New Delhi: Faced with a sharp decline in the number of farmers signing up for its flagship crop insurance scheme, the centre on Tuesday imposed a 12% penalty on insurance companies for delayed settlement of claims. Under the new guidelines that will take effect...
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