-Down to Earth The storm spoiled standing crops in Rajasthan, Haryana and Uttar Pradesh When farmers were already trying to cope with the losses they had incurred after the last hailstorm in February, March 4 saw fresh hailstorms in Rajasthan, Haryana and Uttar Pradesh. After losing 50 per cent to 90 per cent of its standing crops to the storm and erratic rains, several farmers’ organisations seek compensation. “Crops of mustard, barley,...
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Data shows corporates are consistently favoured over rural India -Jitendra
-Down to Earth Corporate India gets indirect subsidy equivalent to 60 per cent of government expenditure on rural areas A recent analysis has revealed a shocking injustice being done consistently to rural India by the government with corporates getting subsidies at its expense. The Inclusive Media for Change, a New Delhi-based non-profit has analysed the last seven Union Budgets. It has found that indirect subsidy, termed as “tax expenditure” that was given...
More »India's wilful defaulters owe more than Rs 1 lakh crore to banks -Atul Thakur
-The Times of India NEW DELHI: As on September 30, 2017, more than Rs 1.1 lakh crore was owed to banks by people or companies characterised as “wilful defaulters”, that is those who are unwilling to pay despite having the capacity to do so. TOI analysed more than 9,000 such accounts for which banks have filed lawsuits for recovery and found that the top 11 debtor groups, each with dues of...
More »Which MPs utilise constituency funds the best? -Neelanjan Sircar
-Hindustan Times With the rising costs of campaigns, parties have increasing incentives to field richer candidates with criminal cases against them — precisely those who do a worse job of representing and working for the welfare of their constituents. Are Members of Parliament (MPs) genuinely interested in giving back to the voters who elected them? Since 1993, MPs have been allotted money under the Members of Parliament Local Area Development Scheme (MPLADS)...
More »Labour Bureau's new report indicate layoffs of casual & contract workers in Q1 of 2017-18
The declining trend in organized sector employment (i.e. in establishments employing 10 or more workers) continued in the first quarter of 2017-18. The sixth round of the Quarterly Report on Employment Scenario in selected sectors (as on 1st July, 2017), which was released in February this year, confirms this. The Labour Bureau’s latest report says that the net number of jobs created in the 8 major sectors of the economy was...
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