-The Hindu A lack of sufficient funds, rampant payment delays and abysmal wage rates are to blame The ?11,000 crore fraud that diamond merchant Nirav Modi is said to have created is a figure that needs to be put in perspective. The total amount of wages pending under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme for the whole country (2016-17) was around ?11,000 crore too. This sum is a...
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Many sugar mills may not qualify for Centre's cane price assistance -TV Jayan
-The Hindu Business Line Did not meet stockholding conditions in February, March New Delhi: Nearly 40 per cent of the sugar mills in the country may not be able to take advantage of the recently-announced financial assistance package by the Centre. This is because many in the sector, which is reeling under a supply glut, may not fulfil an important eligibility condition. Sop with a rider Acting upon a recommendation made by a Group of...
More »Mission Kakatiya best water management practice: NITI Aayog -B Chandrashekhar
-The Hindu The intervention has bridged 63% ayacut gap and also helped stabilisation of ayacut Hyderabad: A report prepared by NITI Aayog with the support of TERI School of Advanced Studies, New Delhi, has recognised the restoration and revival of minor irrigation tanks taken up by the Telangana government as one of the best practices in irrigation water management. The report observed “public participation will lead to ownership and help in long-term sustainability...
More »Cracking the rural consumption puzzle -Aarati Krishnan
-The Hindu Business Line The surge in non-farm employment has led to a rural consumption splurge, making listed companies bullish Is rural India languishing in abject misery, or is it on a cheerful spending spree? Today you can get diametrically opposing views on this, depending on where you get your information. If you are an avid follower of news, then you would be firmly in the pessimist camp, having read all about...
More »How State budgets will fare if petrol, diesel are brought under GST -Rohan Abraham
-The Hindu While consumers will be glad to see their fuel bills slashed by the advent of a favourable rate structure under the GST, State governments will have to contend with an erosion in tax revenue. At the time of writing, petrol was retailing at Rs.82.48/litre in Mumbai, roughly 62% more than the Rs.50.8/litre Pakistanis shell out for a tank of gas. This is despite the fact that crude oil prices are...
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