-The Indian Express The original Act identifies a factory based on the number of workers employed. More than half the factories across the country may be exempt from the restrictive provisions applicable under the current legislative framework, with the Factories Amendment Bill, 2014 proposing to revise the definition of a factory by effectively doubling the threshold of the number of workers employed in such a unit. The move is expected to ease...
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Gujarat govt refuses to reveal assets of CM, ministers -Himanshi Dhawan
-The Times of India NEW DELHI: The Gujarat government has turned down an RTI query seeking details of the wealth of the chief minister and the council of ministers claiming it is not in the "larger public interest". The move is in sharp contrast to that of the Union government which has made facts related to assets and liabilities of its council of ministers public since 2011 and Supreme Court judges who...
More »Why buying cows is just like investing in stocks -Pramit Bhattacharya
-Live Mint The return on cows and buffaloes, like that of many stocks traded on Wall Street, is positive in some years and negative in others This is one piece of news that would please Dinanath Batra and his cow-loving fans: Recent research by a team of economists show that rural Indians investing in cows and buffaloes may be acting quite rationally, overturning earlier research by another set of economists which showed...
More »‘Social spending programmes not reaching needy’ -Puja Mehra
-The Hindu In 2009-10, 33% of PDS off-take of kerosene diverted for non-household use: report The findings of a confidential report, commissioned by the government and accessed exclusively by The Hindu, have revealed that allocated expenditures of social spending programmes are not reaching intended users and confirm leakages due to corruption. The capitation fees collected by private colleges, on management quota seats in professional courses, last year was around Rs 5,953 crore, the...
More »Right reasons to get hitched -TV Somanathan and Gulzar Natarajan
-The Indian Express A headlong rush into PPPs will only leave a trail of disputes, renegotiations, corruption. The conventional wisdom in India on public-private partnerships (PPPs) is that they help governments raise capital to meet large infrastructure investment targets. But this rationale for promoting PPPs does not stand on strong foundations. There are three potential reasons for supporting PPPs. First, they enable governments to access more capital without visibly breaching fiscal targets. In...
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