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Privatisation of PSU banks: Govt to bring amendments to two legislations

-Livemint.com/ PTI Finance Minister Nirmala Sitharaman while presenting Budget 2021-22 earlier this month had announced the privatisation of Public Sector Banks To facilitate the privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year. Amendments would be required in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 for privatisation, sources said. These Acts...

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At Delhi border, fathers face sons at the barricades -Hemani Bhandari and Saurabh Trivedi

-The Hindu Many of the Delhi Police personnel deployed at the city borders where farmers are protesting the new agricultural laws are part-time farmers themselves or have fathers who work the fields At the Singhu border protest site, a head constable looks over rows of steel barricades and barriers to lock eyes with his father on the other side. Both stand their ground. The duo may be on opposite sides of the farm...

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Ministry of labour and employment finalises rules under four labour codes

-PTI/ The Telegraph The codes on wages, industrial relations, social security and occupational safety, health and working conditions have already been notified The ministry of labour and employment has finalised rules under the four labour codes, paving the way to make reforms a reality by notifying those for implementation soon. The four broad codes on wages, industrial relations, social security and occupational safety, health and working conditions (OSH) have already been notified after...

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NTPC fast-tracks compensation for families of Uttarakhand disaster victims

-The Hindu Business Line NTPC has fast-tracked the procedure for disbursal of compensation to “the immediate families of those who lost their lives in the natural disaster” that struck its under-construction Tapovan Vishnugad hydroelectric project in Chamoli district of Uttarakhand on February 7. NTPC is extending a compensation of ₹20 lakh to the immediate family of the contract labourers of the agency engaged in construction of NTPC project, the firm said in...

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Budget 2021-22: A political economy perspective -Yamini Aiyar

-IdeasforIndia.in Examining the 2021-22 Union Budget with a political economy lens, Yamini Aiyar contends that the policy choices reflects Government of India’s propensity to centralise rather than to devolve, and a shift away from welfarism. Following the presentation of the Union Budget 2021-22 by Finance Minister Nirmala Sitharaman on 1 February, economists have carefully scrutinised the fiscal math and debated the economic rationale behind the policy choices. Beyond the fiscal math, the...

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