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Mining in India equals selling the family gold -Rahul Basu

-The Hindu Treating mineral sale proceeds as revenue or income hides the real transaction — the sale of inherited wealth The principle that the economy must be “sustainable” — we cannot compromise the ability of future generations to meet their needs — is beyond question. Climate change and high levels of consumption already threaten to rob future generations of a planet that is liveable. The principle of Intergenerational Equity would make it...

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Uttarakhand increases number of working days from 100 to 150 under MGNREGA

-ANI/ Business Standard The move aims to encourage employment opportunities In a move to encourage employment opportunities, Uttarakhand Government has announced that the number of working days under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) will be increased from 100 to 150, Chief Minister Trivendra Singh Rawat said on Monday. While addressing the gathering at his office, Rawat said that government will increase the number of working days from 100 to...

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The political economy driving farm protests -Neelanjan Sircar

-Hindustan Times The concentration of political and economic power has made democratic contestation challenging. Citizens are finding other methods Fearing that India’s controversial proposed farm laws will disproportionately benefit a few corporate magnates, farmers have made Mukesh Ambani’s Reliance storefronts and Reliance Jio infrastructure the sites of major protest over the past few months. While Ambani has insisted that his company has no plans to enter corporate farming, his purported political networks...

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Kerala tribal youth’s dream journey: From daily wager to software engineer in Europe

-The New Indian Express When he was in Class IV, Binesh Balan had done manual jobs in his native Kolichal in Kasaragod to escape grinding poverty. KOZHIKODE: When he was in Class IV, Binesh Balan had done manual jobs in his native Kolichal in Kasaragod to escape grinding poverty.  Two decades on, the boy, now 29, belonging to the Mavilan tribal community, succeeded in developing an open banking software as a researcher...

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Financial boom at a time of economic stagnation -Sunanda Sen

-The Hindu The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy Divergences between the booming financial and the stagnant real sectors, which appear rather confounding as well as disconcerting, warrant an explanation. Enumerating the facts in India’s major secondary stock market, the Sensex (the benchmark index of the BSE Limited, or formerly the Bombay Stock Exchange Ltd.) has been found tracking an upward path, from 40,817 on...

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