-Down to Earth Investigation into the business of adulteration of honey This story begins in the mustard fields of north India where beekeepers are getting ready for the next honey season. When the yellow flowers are in bloom, the bees suck the nectar and bring us goodness in the form of honey, which we then consume because of its many beneficial properties. We were alerted that beekeepers from this region and other...
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Bengal, Kerala agree to Centre's GST borrowing formula
-The Telegraph Three states — Punjab, Jharkhand and Chhattisgarh — have not accepted the proposals yet Bengal and Kerala have dropped their opposition to the Centre’s borrowing option to bridge the gap in the Goods and Services Tax revenue receipts. The two states have opted for the LIMited borrowing option under which the Centre will borrow funds and pass them on to the states but the debt will be recognised in the balance...
More »Social Security Code LIMits Workers Access to Benefits Through Bureaucracy-Raj -KR Shyam Sundar
-Newsclick.in The Unorganised Workers’ Social Security Act, 2008 (UWSSA) rightly conceives a “decentralised registration model” at the local levels with the help of the Workers’ Facilitation Centres (WFCs). Unimaginative and obscure rulemaking will make it difficult for workers to access benefits that the law entitles them to, argues Dr. K R Shyam Sundar. The government has endorsed the unjustified stinker of a tag of “Inspector-Raj”, crowned by the business class to labour and...
More »Why Recovery at Cost of Worker Immiserisation Won’t Last Long -Prabhat Patnaik
-Newsclick.in GDP recovery from the lockdown-induced abyss is accompanied by significant labour displacement and squeeze on wages, which will impact aggregate demand. Ministers from Narendra Modi to Nirmala Sitharaman are talking about a recovery of the Indian economy from the pandemic-induced crisis. Even the Reserve Bank of India (RBI), which estimated the second quarter GDP growth to have been -8.6%, has seen signs of recovery in October. Of course, there had to be...
More »Is loan guarantee scheme serving the purpose? -Madan Sabnavis
-The Hindu Business Line MSMEs are using funds from the Emergency Credit Line Guarantee Scheme more to pay off earlier loans than as growth capital The Emergency Credit Line Guarantee Scheme (ECLGS) was one of the highlights of the economic package announced by the government in May, and it became operational on May 23. The scheme is basically a loan guarantee for all MSMEs which were operational as on February 29 with...
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