-The Hindu With no ownership of land or houses and denial of minimum wage, lakhs of workers continue to live in a vicious cycle of bondage plucking Over the past few elections, Benam Oraon, a tea garden worker at Nagrakata Tea Estate in West Bengal, attended several election meetings and kept a note of the promises which political parties made. This election, however, he is contesting the polls as a candidate from...
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Loan burden increased across India in 2020 amid pandemic: Study
-Down to Earth Among marginalised groups, indebtedness was highest in Muslim-majority and Scheduled Caste-majority hamlets Indebtedness became more acute in around 70 per cent hamlets surveyed in 75 Indian districts during October-December 2020, according to a study on the effects of the novel coronavirus disease (COVID-19) pandemic and lockdowns. The figure was 76 per cent in the first few months following last year’s lockdown. There was a slight dip in the indebtedness of...
More »No annuity rider, NPS subscribers get ₹5 lakh exit option
-The Hindu Admitting that annuities now fetch paltry pensions, regulator says investors can withdraw the corpus The National Pension System (NPS) will no longer compel investors to convert 40% of their accumulated retirement corpus into an annuity, as poor yields on annuities and high inflation are translating into negative returns, the Pension Fund Regulatory and Development Authority (PFRDA) Chairman, Supratim Bandyopadhyay, said on Thursday. The regulator will issue fresh rules to soon allow...
More »Migrant workers vulnerable again, say activists -Damini Nath
-The Hindu A year after lakhs of workers made their way back to their home States after the nationwide lockdown was announced in March 2020, their condition has not changed much. With State governments announcing lockdowns and curfews in the wake of rising COVID-19 cases, migrant workers could once again be staring at loss of wages and lack of social protections, labour union leaders and activists said on Thursday. A year after lakhs...
More »India’s WPI inflation rises to over 8-year high of 7.39% in March
-The Indian Express India WPI March 2021: The wholesale price index (WPI) grew 4.17 per cent during the month of February and it rose to 2.51 per cent in January, the data from the Ministry of Commerce & Industry The wholesale inflation across the country rose over an 8-year high of 7.39 per cent in March, data released by the Ministry of Commerce & Industry showed. The wholesale price index (WPI) grew 4.17...
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