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Modi government plans universal social security for workers -Arindam Majumder

-Business Standard Scheme to benefit close to 450 million workers, mainly in the unorganised sector  Stung by repeated resistance from trade unions and strikes, the Narendra Modi government plans to launch a massive social security coverage scheme which will benefit almost 450 million workers, mainly in the unorganised sector. In order to achieve this, the government will attempt to create a corpus through which the benefits will be provided. The benefits include...

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Minimum wage hiked to Rs. 350, but unions firm on strike plan

-The Hindu Bharatiya Mazdoor Sangh announces it will not take part in the strike. The Left affiliated central trade unions will go ahead with a nationwide strike on Friday, even as the Centre on Tuesday announced sops in a bid to placate them. The peace offering includes a hike in the minimum wage for unskilled non-agricultural workers in central public sector units from Rs. 246 to Rs. 350 a day and formation of...

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Farm Policy: The political economy of why reforms elude agriculture -Pravesh Sharma

-The Indian Express India should learn from China and start with liberalisation of rural land, labour and capital markets before attempting bigger things. Independence Day has come and gone with its usual mix of celebrations, pride and ruminations on how things could be better. Interestingly, several media commentaries tagged the event with the 25th anniversary of economic reforms, launched in 1991 around the same time of the year. They largely dwelt on the theme...

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31% rural households indebted, paying heavy interests despite various govt schemes: Panel -Iftikhar Gilani

-DNA Only 17% rural households take loans from financial institutions | Caste affiliation, gender play a part in getting credit As many as 31% of rural households in India are indebted and a significant number still depend on money-lenders, paying heavy interests, despite various government schemes and a network of rural banking. A parliamentary panel that probed the state of rural, agricultural banking found that a mere 17% rural household had taken...

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Modi govt wakes up too late to the agrarian crisis -Sayantan Bera

-Livemint.com A look at the past three budgets shows that the government took note of the crisis only in 2016 On 24 April 2014, about a month before Narendra Modi-led National Democratic Alliance (NDA) formed a new government at the centre, the India Meteorological Department made an ominous forecast. The four-month-long southwest monsoon which irrigates more than half of India’s farmlands was likely to be deficient. Over the next few months the...

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