Somesh Jha And Sanjeeb Mukherjee

Stories by Somesh Jha And Sanjeeb Mukherjee

States find sugar cess bitter at GST council meet

States find sugar cess bitter at GST council meet

Rediff.com   5 May 2018

As cess levied under GST isn't shared by states, most states oppose it on the ground that it would set a wrong precedent and distort the GST structure.

Are wages growing at faster rate than job creation?

Are wages growing at faster rate than job creation?

Rediff.com   4 May 2018

T C A Anant, former chief statistician to the government, will soon be heading a panel to decide whether the monthly payroll data released by EPFO, ESIC and PFRDA could replace the quarterly enterprises-based survey on job creation by the labour bureau, the prime minister's office decided last week.

EPFO dumps CSC Aadhaar services after data theft

EPFO dumps CSC Aadhaar services after data theft

Rediff.com   3 May 2018

Unique Identification Authority of India said the alleged data breach took place on a website that does not belong to it.

Govt planning monthly payroll data in place of quarterly job surveys

Govt planning monthly payroll data in place of quarterly job surveys

Rediff.com   29 Apr 2018

The Prime Minister's Office has decided to set up a panel, led by former chief statistician T C A Anant, to deliberate on whether the enterprise-level quarterly data, which is released by the labour bureau, should be discontinued.

6.22 million additional jobs were created in 2017-18

6.22 million additional jobs were created in 2017-18

Rediff.com   26 Apr 2018

The payroll estimates, released by the EPFO based on its enrolment, threw up some contrasting trend between September 2017 and February 2018.

Why it is so difficult to get a GI tag in India

Why it is so difficult to get a GI tag in India

Rediff.com   26 Apr 2018

In the European countries, one of the pivotal issues is quality control. Once a product is granted GI there is little possibility of fakes, which is not the case in India

90,000 ATMs across India will soon dispense Rs 200 notes

90,000 ATMs across India will soon dispense Rs 200 notes

Rediff.com   24 Apr 2018

About 200,000 ATMs can dispense the new series of Rs 500 notes

Labour reforms move a step ahead; outsiders can now become TU leaders

Labour reforms move a step ahead; outsiders can now become TU leaders

Rediff.com   24 Apr 2018

The Centre has, however, retained its proposal to curb flash strikes as workers in all factories will be required to give employers a strike notice of at least two weeks after the Bill becomes a law.

States with dry ATMs received highest share of currency notes in 2017-18

States with dry ATMs received highest share of currency notes in 2017-18

Rediff.com   20 Apr 2018

An RBI official said the supply of currency was adequate in the states facing a crunch at ATMs but the logistic issues led to the present situation

Cash crunch: Suspected hoarding of Rs 2,000 notes to be probed

Cash crunch: Suspected hoarding of Rs 2,000 notes to be probed

Rediff.com   19 Apr 2018

The rate of cash withdrawals over deposits was almost double in Uttar Pradesh, Andhra Pradesh and Telangana, according to the latest analysis submitted by the RBI to the finance ministry.

Why meeting Budget's commitment on MSP is not easy

Why meeting Budget's commitment on MSP is not easy

Rediff.com   16 Apr 2018

From NITI Aayog to industry leaders to the Reserve Bank of India, all are apprehensive that any major increase in MSP, following the 2018-19 Budget announcements, would push up prices, if not immediately, in the next six to eight months after the decision is taken.

How the humble 'chana' may decide BJP's fate in 3 states

How the humble 'chana' may decide BJP's fate in 3 states

Rediff.com   13 Apr 2018

The sharp drop in prices couldn't have come at a more difficult time, particularly for the two big producing states of Madhya Pradesh and Rajasthan, and also neighbouring Chhattisgarh as the states go to polls in the next few months.

In a relief to farmers, Skymet predicts normal monsoon

In a relief to farmers, Skymet predicts normal monsoon

Rediff.com   5 Apr 2018

Skymet said the monsoon this year could be 100 per cent of the long period average (LPA) with a model error of plus and minus 5 per cent.

RBI tells finmin that PNB misled it on SWIFT migration

RBI tells finmin that PNB misled it on SWIFT migration

Rediff.com   5 Apr 2018

'PNB had confirmed compliance with the RBI's prescription in its circular of August 3, 2016, which has now turned out to be factually incorrect,' Minister of State for Finance Shiv Pratap Shukla said in Rajya Sabha on Tuesday.

Compulsory annual health checks proposed for workers

Compulsory annual health checks proposed for workers

Rediff.com   4 Apr 2018

This will help employers keep a track of the diseases workers could suffer from while doing their jobs.

PNB may be allowed to spread fraud losses over 4 quarters

PNB may be allowed to spread fraud losses over 4 quarters

Rediff.com   28 Mar 2018

With the entire fraud amount becoming a non-performing asset, around 25 per cent of the bank's estimated net worth of Rs 40,000 crore could be affected.

Honoured all LoUs during 2011-16: PNB to FinMin

Honoured all LoUs during 2011-16: PNB to FinMin

Rediff.com   22 Mar 2018

The bank also issued 234 LoUs worth Rs 1,880 crore to another group of companies promoted by Mehul Choksi in 2015 and 2016

Is there a great deal of trust in the private sector?

Is there a great deal of trust in the private sector?

Rediff.com   19 Mar 2018

With certain quarters demanding privatisation of public sector banks in the aftermath of the alleged fraud at Punjab National Bank (PNB), Economic Advisory Council to the Prime Minister chairman Bibek Debroy tells Sanjeeb Mukherjee, Ishan Bakshi and Indivjal Dhasmana that reducing government equity even to zero would not mean giving up of government control over these banks.

Scorching summer may hit water supply and fodder

Scorching summer may hit water supply and fodder

Rediff.com   15 Mar 2018

In the first of a two-part series, Business Standard examines the impact of the upcoming summer on agriculture and drinking water supply.

The bank has the power of 5Cs: PNB chief

The bank has the power of 5Cs: PNB chief

Rediff.com   13 Mar 2018

The bank has one of the highest current account savings account share, stable credit quality, robust credit growth, adequate capital and low cost-to-income ratio, said PNB chief Sunil Mehta.