Tag: Modi govt

  • PM panel flags city job assure scheme, common fundamental earnings

    Citing the “skewed nature” of earnings distribution within the nation, the report additionally really useful steps to lift minimal earnings and extra authorities spending on the social sector to make weak sections proof against sudden shocks” and “stop their descent into poverty”.

    The report, titled “The State of Inequality in India” and ready by the Gurgaon-based Institute for Competitiveness, was launched on Wednesday by EAC chairman Bibek Debroy.

    “Looking at the difference between the labour force participation rate in rural and urban areas, it is our understanding that the urban equivalent of schemes like MGNREGS that are demand-based and offer guaranteed employment should be introduced so that the surplus-labour is rehabilitated,” it stated.

    According to the report, elevating minimal earnings and introducing common fundamental earnings are a number of the suggestions that may cut back earnings hole and guarantee equal distribution of earnings within the labour market.

    “Most importantly, the Government must allocate more percentage of the expenditure towards social services and the social sector to make the most vulnerable population resilient to sudden shocks and stop their descent into poverty,” it stated.

    The EAC-PM famous that a very powerful side of measuring poverty in a multi-dimensional context requires mapping the mobility out and in of poverty.

    Citing the outcomes of the three rounds of the Periodic Labour Force Survey (PLFS), the Council famous that within the three years to 2019-20, “excepting for very marginal changes”, the highest 1 per cent of inhabitants held 6-7 per cent of the overall earnings earned, whereas the highest 10 per cent held a 3rd.

    Over the three years to 2019-20, the share of the highest 1 per cent of the inhabitants within the nation’s complete earnings elevated from 6.14 per cent to six.82 per cent.

    It stated that although there was marginal decline within the earnings share of the highest 10 per cent from 35.18 per cent in 2017-18 to 32.52 per cent in 2019-20, this hasn’t resulted in elevated salaries of the bottom-most inhabitants. “…The top 1 per cent grew by almost 15 per cent between 2017-18 to 2019-20, whereas the bottom 10 per cent registered a close to 1 per cent fall (in their income share),” it stated.

    Speaking on the launch of the report, Debroy stated that “in India, we have never had comprehensive data and we will never have data measuring income inequality”.

    “The closest was NCAER data many years ago but one was very sceptical of that despite it being NCAER. What we do have and what we should have is data on distribution of consumption expenditure. Unfortunately, it’s the case that the last comprehensive NSS data on consumption and expenditure is for 2011-12. And we have had nothing after that. In all probability another consumption expenditure round will start this year. But we will not have processed data till the end of the year,” Debroy stated.

    “In the absence of data on consumption expenditure, a clear articulation of the poverty line, obviously we do not know what poverty numbers are, everyone jumps into the bandwagon. All kinds of people do some kind of extrapolation on the basis of 2011-12 data, on the basis of some assumed Tendulkar poverty line and come up with all kinds of estimates… The only data which can be used now is PLFS which is what this report mostly uses,” he stated.

    The name for a UBI scheme might revive the talk on methods to handle rising earnings inequality. The thought was endorsed by former chief financial advisor Arvind Subramanian within the Economic Survey for FY17 instead of subsidy switch. The survey had assumed a quasi-universality fee of 75 per cent (of all beneficiaries). Subramanian had calculated the financial price of the UBI at 4.9 per cent of GDP.

    However, later that yr, then Union finance minister, the late Arun Jaitley, stated that whereas he was supportive of the concept, it may not be politically possible in India. “We will be landing in a situation where people will stand up in Parliament and demand continuation of the present subsidies and over and above that (UBI)…,” Jaitley had stated.

    Subsequently, the International Monetary Fund in October 2017 endorsed the concept of India launching a fiscally-neutral UBI scheme by eliminating meals and gas subsidies. In January 2019, then Congress president Rahul Gandhi had pledged to roll out UBI if his celebration was voted to energy.

    The newest report known as for mountain climbing minimal earnings and making certain higher distribution of earnings within the labour market.

    “Looking at the difference between the labour force participation rate in rural and urban areas, it is our understanding that the urban equivalent of schemes like MGNREGS that are demand-based and offer guaranteed employment should be introduced so that the surplus-labour is rehabilitated,” it stated.

  • Congress: Internal points like J&Okay ‘internationalised’ underneath Modi govt

    Days after the UAE’s envoy to the US mentioned that his nation is mediating between India and Pakistan to assist them attain a “healthy and functional” relationship, the Congress Monday questioned the federal government’s method.
    “We have seen reports of a UAE diplomat claiming to have brokered contacts between India and Pakistan. It has been one of the successes of Indian diplomacy since the 1972 Simla agreement to ensure that we deal with Pakistan bilaterally, and to prevent foreign mediation,” Leader of the Opposition in Rajya Sabha Mallikarjun Kharge mentioned.
    “Under this government not only are others now mediating between India and Pakistan but our internal affairs like J&K have been internationalized… We hope that our government sees reason and returns to India’s tried and tested policies.”

  • For a price, House Finance panel head Jayant Sinha affords to advise, safe funds for agency

    Raising questions of propriety and battle of curiosity, BJP MP Jayant Sinha, who’s chairperson of the influential Parliamentary Standing Committee for Finance, has supplied his providers for an unspecified month-to-month price to an leisure firm for which he has additionally supplied to assist safe “sufficient financing at the right terms”.
    On February 12, information present, after a gathering with NRI investor Arminder Singh Sawhney wherein they reportedly mentioned the challenge, Sinha wrote to B4U Network CEO Ishan Saksena in reference to Tiger Media, an organization linked to B4U.
    “I will dedicate significant time to this project,” Sinha wrote. “My goal is to assist Tiger Media in becoming a true champion in the global entertainment industry…My pricing for this project would be Rs XX lakhs per month plus GST. I would bill you at the end of every month.” He informed Saksena he may start work March 1.
    The key targets of the connection, Sinha wrote, have been to ascertain a strategic plan for Tiger Media to reap the benefits of the “disruptive trends roiling the global media and entertainment sector,” and safe financing.
    Sinha was Minister of State, Finance, from November 2014 to July 2016 when he turned MoS Civil Aviation till the tip of the primary time period of the Modi authorities.
    Since September 2019, Sinha, has served as chairperson of the Parliamentary Standing Committee for Finance. With 21 members of Lok Sabha and 10 members of Rajya Sabha, the committee’s job is legislative oversight on insurance policies and decision-making of the ministries of Finance, Corporate Affairs, Statistics and Programme Implementation, apart from the Niti Aayog.
    It examines Bills launched by the ministries involved and as chairperson, Sinha has a say in summoning chiefs of personal and public sector banks, and sectoral regulators for deposition.
    When requested by The Indian Express in regards to the propriety of such an task, Sinha stated: “Members of Parliament routinely continue their professions. My profession is that of a management consultant providing strategic inputs through speeches and advisory assignments. To avoid any conflicts, I only accept advisory assignments dealing with strategic issues outside of India. I do not do any work for any firms in the financial sector. I also do not undertake any assignments focused on any type of financial transactions.”
    Incidentally, his letter to Saxena mentions that he’ll assist Tiger Media in “securing sufficient financing at the right terms.”
    “”I’ve identified Arminder Singh Sawhney for greater than 25 years. We had initiated preliminary discussions on offering inputs to Tiger Media on its international technique.No settlement has been finalized and no work has been undertaken thus far,” Sinha informed The Indian Express. “All my professional work is fully disclosed to the appropriate tax and regulatory authorities. As is standard professional practice, client matters are confidential.”

    Responding on behalf of Saksena, a Tiger Media spokesperson informed The Indian Express: “Tiger Media is an international group, subject to legal requirements across multiple jurisdictions. Arminder Singh Sawhney is not an investor in Tiger Media or any of our group entities. There is no other relationship between our group and him. For ethical and legal reasons our group does not engage any politically affiliated person for seeking any services anywhere in the world. Hence, there is no question of approaching any politically affiliated person for engagement of any nature.”
    Registrar of Companies information present Sawhney’s addresses in Delhi, London and Bangkok. In 2015, he was ranked thirty first with a deposit of $3.97 million within the Swiss Leak listing of 100 Indians with Swiss financial institution accounts. Sawhney couldn’t be reached via his Delhi-based accounting agency for feedback.
    Launched in 1999 within the UK and in 2003 in India, B4U claims to be the foremost Asian community to pioneer Bollywood and Indian leisure worldwide. Since then, the model has diversified “across multiple platforms, including TV, cinema, press, new media and digital”. Today, the community is accessible in additional than 100 international locations with a viewership of over 200 million.

  • 40-year-old Punjab farmer ends life at Singhu border, says Haryana Police

    Image Source : PTI Farmers take relaxation throughout their ongoing protest in opposition to the brand new farm legal guidelines, at Singhu border in New Delhi. (Representational picture)
    A 40-year-old Punjab farmer, who was collaborating within the protest on the Singhu border in opposition to the Central farm legal guidelines, allegedly took his personal life by consuming some toxic substance on Saturday night, police stated. The farmer, Amarinder Singh, was a resident of Punjab’s Fatehgarh Sahib district. The man was rushed to an area hospital in Sonipat the place he died, stated Sonipat’s Kundli police station’s inspector Ravi Kumar.

    Farmers from varied elements of the nation, principally from Punjab and Haryana, have been tenting at totally different border factors of Delhi for over a month now demanding repeal of the three agri legal guidelines, which had been voted by way of in Parliament in September amid sturdy protests by opposition events.

    ALSO READ | Farmers, govt keep on with their stance over agri legal guidelines; subsequent spherical of talks on Jan 15: Key Points

     

    The three legal guidelines have been projected by the central authorities as main reforms within the agriculture sector that may take away the middlemen and permit farmers to promote anyplace within the nation.

    However, the protesting farmers have expressed apprehension that the brand new legal guidelines would pave the way in which for eliminating the security cushion of Minimum Support Price and put off the mandi system, leaving them on the mercy of massive corporates.

    The authorities has repeatedly asserted that the MSP and Mandi techniques will keep and has accused the opposition of deceptive the farmers.

    ALSO READ | ‘Tareekh Pe Tareekh…’: Rahul Gandhi’s swipe at Modi govt after talks with farmers fail to interrupt impasse

     
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  • ‘Tareekh Pe Tareekh…’: Rahul Gandhi’s swipe at Modi govt after talks with farmers fail to interrupt impasse

    Image Source : FILE PHOTO/PTI Former Congress president Rahul Gandhi.
    Continuing his relentless assaults on the Modi authorities over the farms legal guidelines, Congress chief Rahul Gandhi on Friday questioned the intentions of the federal government. Rahul Gandhi alleged that the federal government was working as per a deliberate technique to intentionally stretch talks with protesting farmer unions.

    “Neeyat saaf nahi hai jinki, tareekh pe tareekh dena strategy hai unki! (Those who don’t have a clear motive, fix new dates everytime as per a strategy),” Rahul Gandhi tweeted in Hindi.

    ALSO READ: Farmers adamant on ‘legislation wapsi’ for ‘ghar wapsi’, subsequent spherical of talks with Govt on Jan 15

    Farmers are protesting in opposition to the three farm legal guidelines handed final yr in Parliament and are demanding their withdrawal. The Congress is supporting the farmers’ agitation and their demand.

    नीयत साफ़ नहीं है जिनकी,तारीख़ पे तारीख़ देना स्ट्रैटेजी है उनकी!

    — Rahul Gandhi (@RahulGandhi) January 8, 2021

    The former Congress presiden’t comment got here quickly after the Friday’s talks between the farmers and the federal government failed to achieve any conclusion. The subsequent spherical of talks have now been scheduled for January 15. 

    Speaking to media after the assembly, Union Agriculture Minister Narendra Singh Tomar stated the federal government remains to be hopeful that union leaders will include alternate options to debate within the subsequent spherical of talks.

    Asked whether or not the federal government would think about any proposal for permitting states to resolve whether or not to implement the legal guidelines or not, Tomar stated no such proposal was made by any farmer chief on this regard, but when such a suggestion is made the federal government will take a name at the moment.

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  • ‘Highly irresponsible’: Capt Amarinder Singh on experiences Punjab already carried out new farm legal guidelines

    Image Source : PTI File photograph: Punjab Chief Minister Capt Amarinder Singh.
    Stressing that there was nothing fallacious with the calls for of the farmers, Punjab Chief Minister Amarinder Singh on Wednesday urged the Prime Minister to right away repeal the farm legal guidelines as a way to resolve the disaster.

    Categorically rejecting as “highly irresponsible” experiences in a piece of the media that Punjab had already carried out the brand new farm legal guidelines, the Chief Minister stated Food Minister Bharat Bhushan Ashu’s assertion had been mischievously twisted by one newspaper, with others selecting it up.

    Punjab was the primary state to have opposed the Central farm legal guidelines and, actually, handed amendments Bills to negate their harmful influence on agriculture, he identified, slamming the Aam Aadmi Party (AAP) for spreading misinformation on the problem with their faux propaganda equipment.

    ALSO READ | Farmers protest: Supreme Court says no enchancment on floor, to listen to pleas in opposition to agri legal guidelines on Jan 11

     

    The Governor, he stated, “should have forwarded our Bills to the President for assent, which he has not done”. The Chief Minister made it clear that Punjab wouldn’t enable the lives of its farmers to be ruined by the brand new legal guidelines.

    “We will do whatever possible to help the farmers and their families, for whom the state government had already started two helplines on which they could reach out in case of any emergency,” he stated.

    Urging the Prime Minister to withdraw the controversial legal guidelines and discuss to the farmers, Amarinder Singh stated, “The farmers have made their stand very clear that the laws should be repealed. It is the job of the government of India to listen to them.”

    The Centre can herald new legal guidelines after due session with the farmers, he stated, stating that the Constitution has been amended many instances and will be executed once more for the revocation of the not too long ago enacted farm legislations.

    Noting that farmers from throughout the nation had joined the protests in opposition to the farm legal guidelines, Amarinder Singh stated after six-seven conferences, it was time that the matter is resolved and the farmers, who’re sitting out within the chilly and rains, can return and everybody else can get on with their lives.

    The Chief Minister lambasted these calling the protesting farmers Naxals and terrorists, terming it as fallacious and irresponsible.

    ALSO READ | Farmers in no temper to relent! Build concrete constructions, waterproof tents at protest websites

     
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