-The Hindu The government has declared an incentive package to encourage non-cash payments for Fuel, new insurance policies from public sector firms, train tickets and highway toll, among other things. For credit and debit card transactions up to Rs.2,000, the Reserve Bank of India has relaxed its stringent two-factor authentication requirement, and service tax stands waived. Taken together, these moves to encourage cashless payments are significant not just because they can...
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Accounting for natural capital -Prakash Nelliyat
-The Hindu Biodiversity integration into developmental plans is crucial for sustainable development In a ‘Mann Ki Baat’ broadcast recently, Prime Minister Narendra Modi made his environmental concerns clear when he asked people to use Ganesha and Durga idols made of clay instead of plaster of Paris. His appeal is bound to stimulate our environmental consciousness and encourage the preservation of precious natural resources. We need to build on this appeal and follow...
More »Demonetisation effect: 2,500 lose jobs as Howrah jute mill shuts -Bibhas Bhattacharyya
-Hindustan Times A jute mill in West Bengal’s Howrah district has temporarily closed down citing its inability to pay workers in the absence of Rs 500 and Rs 1,000 notes that were scrapped by the Narendra Modi government. The notice by the management of Sree Hanuman Jute Mills that threw about 2,500 workers out of jobs was issued around 10pm on Monday, on a day chief minister Mamata Banerjee apprehended a loss...
More »There is a human cost of development projects, says new report
The term 'development' holds a positive connotation for most policymakers. However, there are examples abound, which indicates that development also cause enormous misery to the people, particularly the poor and the marginalized. Take for instance, the organizing of 2010 Commonwealth Games, due to which massive infrastructural development in the national capital was undertaken when Sheila Dikshit was the Chief Minister of Delhi. It has been estimated that almost 2 lakh...
More »It Is Time to Address India's Abysmal Job Creation Record -Pradeep S Mehta & Amol Kulkarni
-TheWire.in More than 550 jobs were lost each day in the last four years in India, placing it behind Bangladesh and Vietnam in terms of job creation. The sheer pressure of poverty means that job creation will always be high on the agenda of any government. In India, significant public resources have been invested to encash the demographic dividend and prevent it from becoming a burden. But the results have been far...
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