-The Telegraph Funding small entrepreneurs will require more bank loans, preferably collateral-free, which will generate more NPAs The government has been compelling banks to adopt a softer lending policy to promote self-employment. The Pradhan Mantri Mudra Yojana, launched in 2015, provides collateral-free loans to small entrepreneurs outside the farming sector in three categories: Rs 50,000 loan in the ‘Shishu’, Rs 5,00,000 in the ‘Kishore’ and Rs 10,00,000 in the ‘Tarun’ segments respectively....
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No surge in number of I-T stop-filers after demonetisation: CBDT
-The Times of India NEW DELHI: The Central Board of Direct Taxes (CBDT) said on Thursday that the tax base and revenues had increased significantly post demonetisation and there was no surge in the people who stopped filing returns. “CBDT clarified that contrary to the report, it is a fact that demonetization had a phenomenal positive impact on the widening of tax base and direct tax collections,” the tax department said while...
More »Proposal for job guarantee scheme in small towns -Priscilla Jebaraj
-The Hindu The proposal, a version of which has been previously presented to the Congress and to a foundation working with other Opposition parties, has been released in a policy paper titled ‘Strengthening towns through sustainable employment’. With rising unemployment becoming a major poll issue, and several political parties proposing solutions for it in their election manifestos, a group of labour researchers have proposed a national urban job guarantee programme for small...
More »Women's labour force participation in India among the world's lowest: Oxfam -Shagun Kapil
-Down to Earth Three in four Indian women not employed while the gender pay gap is 34 per cent Irrespective of employment category (casual and regular/salaried), organised or unorganised sector, and location (urban and rural), women workers in India are paid a lower wage rate, says a report by Oxfam, an international non-profit organisation. The gender pay gap was 34 per cent in India, that is, women get 34 per cent less compared...
More »ADR survey shows that better employment opportunities, better health care & drinking water are the top 3 priorities among Indian voters
-Press Release by Association for Democratic Reforms (ADR) dated 25 March, 2019 The Association for Democratic Reforms (ADR) commissioned perhaps the largest ever Voter Survey in any country. The survey was conducted between October 2018 and December 2018, prior to the General Elections to the Lok Sabha 2019. It covered 534 Lok Sabha constituencies with 2,73,487 voters participating in this exercise spread among various demographics. The three main objectives of...
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