-The Times of India BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates. To make matters worse, depositors continue to be taxed on this nominal income. Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks...
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Gruel, rice and tamarind water-Brinda Karat
-The Hindu The Kerala government has not learnt anything from the Attappady tragedy. Nutrition levels of women and children, most of them tribals, continue to remain dismal in the area At the Agali Community Health Centre in Attappady, Palakkad district, Kerala, Kavitha tends to her four-year-old child lying listlessly on the cot, critically ill. The doctor says the child is severely malnourished. He also says there are eight such infants and children,...
More »The youth unemployment bill -Manish Sabharwal
-The Indian Express Why the proposed national minimum wage is the wrong answer to questions of unemployment and poverty The recent national labour conference - a trade union love fest with little real employer participation - demanded a national minimum wage. The trade union demand is a predictable positioning of narrow self-interest as national interest but the government's acceptance of their demand is unfair, delusional and economically stupid. Unfair, because it pampers a...
More »New Delhi: Sex ratio shows improvement
-PTI New Delhi: The sex ratio in Delhi has shown an improvement with the female population being grown by 24.9 per cent while the male population grew at a lesser rate of 18.1 per cent. According to the Primary Census Abstract 2011 released here on Tuesday, of the overall 21.2 per cent population growth registered during 2001-2011, female population grew by 24.9 per cent while male population grew at 18.1 per...
More »Prices of vegetables & spices crash upto 20% due to the brisk start to monsoon -Sutanuka Ghosal
-The Economic Times KOLKATA: Prices of vegetables and spices have dropped up to 20% in the past month and are likely to remain low as higher output along with the brisk start to the monsoon has calmed the market. The drop in vegetable prices, on top of the global fall in various commodities from aluminium to zinc, is good news for policymakers as stubbornly high inflation has hindered moves to cut interest...
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