In a significant expansion of its health insurance scheme for the poor, the government has decided to bring workers under its flagship job guarantee programme as well as a host of workers from the unorganised sector, including rickshaw pullers and domestic workers. The labour ministry has decided to include workers who have worked under the National Rural Employment Guarantee programme for a minimum of 15 days under the ambit of the...

Corruption and inflation, the bugbears of UPA-2, dominated discussions Congress functionaries held with Finance minister Pranab Mukherjee amid expectations from the party that a populist Budget would help check the negative tide against the Centre. Party leaders are hoping specifically for income tax relief for the middle class and concessions for rural populace as the budgetary antidote to the negativity post-2G spectrum scam. Mukherjee assured his party that prices would come down...

Amidst hue and cry over micro-Finance institutions (MFIs) charging the rural poor exorbitant interest rates, Reserve Bank of India norms continue to allow these entities a free hand in determining their charges. The banks lending to MFIs too continue to have full discretion in fixing their rate of interest. RBI has issued a latest master circular reiterating its earlier stand on micro-credit on February 14. Master circulars are like ready-reckoners on...

Pranab Mukherjee today got an opportunity to escape the drudgery of financial jargon and immerse himself in phrases such as poor, women, Muslims, farmers, weavers and prices. At an annual pre-budget exercise at the Congress headquarters, most party leaders asked the Finance minister to provide relief to “the common man”, bring down inflation to a single digit, reduce petrol prices, lower interest rates on agriculture, housing and education loans and offer...

On Monday evening, when the Group of Ministers (GoM) on corruption, headed by Union Finance Minister Pranab Mukherjee, meets, it is likely to decide to make a recommendation to the United Progressive Alliance (UPA) government to end all discretionary powers enjoyed by Ministers, informed sources have said. This comes in the wake of the Department of Personnel and Training (DoPT) submitting to the GoM a list of 38 departments in the...