-Press release by Azim Premji University dated October 13, 2022 New Delhi & Bangalore, October 13: About 39 percent of all jobcard-holding households interested in working under the Mahatma Gandhi National Rural Employment Guarantee Act 2005 did not get a single day of work in the Covid year of 2020-21. Also, on average, only 36 per cent of households that worked received their wages in 15 days, showed a survey of...
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Not a waste of time, file affidavits on demonetisation: SC -R Balaji
-The Telegraph Apex court asks Centre to place before it the communication issued to RBI on November 7, 2016, recommending policy The Supreme Court on Wednesday directed the Centre and the RBI to file comprehensive affidavits to justify the demonetisation decision of 2016, rejecting the government’s contention that the issue was now merely “academic” and any hearing would be a “waste of the court’s time”. The apex court asked the Centre to place...
More »Migration from Bengal resumes after Covid
-The Telegraph ‘Hundreds of workers have left for other states and more are following them these days' Siliguri: The trend of out-migration from Bengal — often linked to the lack of employment opportunities in the state — is back in different districts after the Covid-19-induced gap of two years. Senior government officials and elected representatives at rural bodies in a number of districts admitted that they were witnessing the exodus of workers, who...
More »Bullish on the India story, but banks not helping: MSME sector -K Sunil Thomas
-TheWeek.in Demand funding to recover from pandemic shock Indian businesses are bullish on the economy and India’s growth story, but could do with some help from the banking system. This was the message Indian businesses, especially those from the medium and small scale industries sector, have for the establishment. “When it comes to cost of capital, our banks have not done enough,” said Saket Dalmia, the new president of the PHD Chamber of...
More »High food prices push retail inflation to 5-month high of 7.41% in Sept -Asit Ranjan Mishra
-Business Standard IIP shrinks 0.8% in Aug - a first in 17 months In a double whammy for the Indian economy, the retail inflation rate shot up to a five-month high in September, while factory output contracted after a gap of 17 months in August. This could force the Reserve Bank of India (RBI) to hike the repo rate yet again in December. Data released by the National Statistical Office showed that consumer...
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