-NDTV The "highest ever allocation" to NREGA (which also led to it trending on Twitter) in the Union Budget has provided a useful opportunity to raise some pressing issues related to the implementation of the scheme. It is natural, and welcome, that the government turn to NREGA to provide much-needed relief to those whose already precarious lives have been disrupted by demonetization, a man-made economic disaster. Widespread reports of job losses...
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Raising farmers plight
-The Pioneer Centre must come up with a national policy The Supreme Court’s intervention for the lack of a national policy to help calamity-hit farmers is welcome. Regardless of what we have at the moment for them, the country's bread-earners must be offered all possible support to strengthen the economy. While taking up a number of public interest litigations, the apex court found that the Government had no policy to tackle the...
More »Drought relief: TN wants Centre to give Rs. 39,565 cr from disaster fund
-The Hindu Business Line CM writes to Modi, submits memorandum Chennai: The Tamil Nadu government has urged the Centre to sanction ?39,565 crore from the National disaster Response Fund, and to release immediately Rs. 1,000 crore ‘on account’ to take up drought mitigation work in the state. The state was hit by heavy floods in December 2015 and by Cyclone Vardah in December 2016. The State disaster Response Fund is not sufficient to...
More »Right to Food activists demand for safeguards to reduce hardships of demonetisation
A press statement issued from the Right to Food Campaign on 27 December, 2016 says that the demonetisation of old currency notes of Rs. 500/- and Rs. 1000/- denomination wreaked havoc on the livelihood security of the poor people. The labouring and toiling masses, who are mostly engaged in the informal sector, have been adversely affected due to the scrapping of old currency notes of Rs. 500/- and Rs. 1000/-...
More »Why demonetisation is a disaster - detailed analysis of RBI data -James Wilson
-TheNewsMinute.com How much black money will get back into the system? As of November 8, high-denomination notes of Rs. 500 and Rs. 1000 were 86.4% of the total currency in circulation, and ceased to be legal tender due to the demonetisation. RBI denotes these demonetised notes as “Specified Bank Notes” (SBN). As per RBI Annual Report 2015-2016, as of March 31, 2016, the value of the total SBN is Rs. 14.18 lakh...
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