India has provided employment to 1.79 crore households under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in 2010. Information and confirmation to this effect was made by Indian Minister of State for Rural Development Pradeep Jain said in a written reply to a question in Rajya Sabha on Tuesday that As of 30th June, a total of 179,43,189 families in the country have been provided employment under MGNREGS. According to...

The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday. The move follows tight scrutiny of the fast-growing, largely unregulated, small loans sector after fears of large-scale defaults due to high interest rates and reports of suicides due to mounting debt. “The Department of Financial Services proposes to introduce the Micro Finance (Development...

It is quite likely that a few weeks from now someone will be knocking at your doors and asking for your fingerprints. If you agree, your fingerprints will enter a national database, along with personal characteristics (age, sex, occupation, and so on) that have already been collected from you, unless you were missed in the “Census household listing” earlier this year. The purpose of this exercise is to build the National...

South Korean steel major Posco’s troubles are likely to continue till the near future, as a high-level committee of the ministry of environment and forests (MoEF) has sought a comprehensive assessment of the environmental impact encompassing all the components of the project — steel plant, captive power plant, port and infrastructure. The Expert Appraisal Committee (EAC) is slated to meet next week to review approval given to the port. The EAC at...

The two day 43rd Session of the Indian Labour Conference (ILC), the apex national tripartite body that discusses key issues affecting labour and employment and provides policy perspectives and recommendations, concluded in New Delhi today. The Conference was inaugurated by Prime Minister Dr. Manmohan Singh on Tuesday 23rd November 2010. Senior level representatives of the three pillars of the tripartism, Trade Unions, Employers’ Associations and Government, participated in the deliberations...