Somesh Jha, Rajesh Bhayani And Sanjeeb Mukherjee

Stories by Somesh Jha, Rajesh Bhayani And Sanjeeb Mukherjee

Consumer spend falls for the first time in over 40 years

Consumer spend falls for the first time in over 40 years

Rediff.com   22 Nov 2019

Experts said a dip in consumption expenditure indicated an increasing prevalence of poverty in the country.

This Bill will decide how India Inc hires and fires

This Bill will decide how India Inc hires and fires

Rediff.com   21 Nov 2019

Sitharaman said the Bill has proposed giving a legal framework for fixed-term employment through which contract workers serving a fixed-tenure will get equal statutory social security benefits as regular workers in the same unit.

Gold is still the 3rd-most popular investment choice

Gold is still the 3rd-most popular investment choice

Rediff.com   19 Nov 2019

A WGC survey says that there is no dearth of gold demand, but there is lack of trust among prospective gold buyers, not only in India but globally.

Govt scraps consumer expenditure survey over 'data quality'

Govt scraps consumer expenditure survey over 'data quality'

Rediff.com   16 Nov 2019

The findings of the report showed consumer spending falling for the first time in over four decades in 2017-18. The government has, however, termed it a "draft" report, reports Somesh Jha.

Unspent PM-KISAN fund may be diverted to MGNREGA

Unspent PM-KISAN fund may be diverted to MGNREGA

Rediff.com   13 Nov 2019

Sources said the rural development ministry has sought an additional Rs 20,000 crore for MGNREGA for 2019-20 over and above the budgeted Rs 60,000 crore for 2019-20. Though, all of the PM-KISAN savings may not be transferred to fund MNGREGA's extra needs, sources said a part of this could be transferred.

Why govt wants to classifying jobs based on skills

Why govt wants to classifying jobs based on skills

Rediff.com   13 Nov 2019

In the draft rules, among 681 listed professions, armed security guards, supervisors, surveyors, and carpenters (class I) are proposed to be treated as highly skilled professionals; electricians, tailors and drivers are skilled; cooks and cobblers as semi-skilled and dairy coolies, office peons and sweepers as unskilled.

Onion likely to bring cheer to your kitchen

Onion likely to bring cheer to your kitchen

Rediff.com   8 Nov 2019

With 3,000 tonnes of imported onion entering the market over the next fortnight, the price should start cooling off. Soon after, the new crop of onions will arrive, further reducing prices.

Mudra loans led to a 28% rise in jobs

Mudra loans led to a 28% rise in jobs

Rediff.com   7 Nov 2019

After taking benefit of the scheme, jobs increased by around 11 mn in establishments that took loans.

Jewellers report fall in gold demand in September quarter

Jewellers report fall in gold demand in September quarter

Rediff.com   2 Nov 2019

The worsening demand for jewellery has already started impacting jobs and karigars or goldsmiths.

Bitter reminder for BJP that assembly polls are fought on local issues

Bitter reminder for BJP that assembly polls are fought on local issues

Rediff.com   25 Oct 2019

Dissatisfaction with the state leadership, along with caste and sectarian factors and economic issues -- particularly those relating to jobs and rural distress cost the BJP.

Why govt fund and monsoon failed to lift rural economy

Why govt fund and monsoon failed to lift rural economy

Rediff.com   22 Oct 2019

Although demonetisation and improper implementation of GST along with falling prices are being blamed for much of the distress in rural India for some time, experts believe those may not be the only reason.

Why it makes sense for farmers to rear birds

Why it makes sense for farmers to rear birds

Rediff.com   21 Oct 2019

A data shows the number of backyard poultry has risen by 46 per cent between 2012 and 2019. The development is extremely positive because it provides an incentive for small and marginal farmers to rear birds.

Pension schemes: Govt owes Rs 9,100 crore, says EPFO

Pension schemes: Govt owes Rs 9,100 crore, says EPFO

Rediff.com   21 Oct 2019

Part of the dues has been pending since 1995-96 - the inception year of the Employees' Pension Scheme administered by the EPFO. The Centre also owes the EPFO more than Rs 1,000 crore towards the minimum pension scheme it had notified in September 2014.

Why India's milk production has grown at over 6% past few years

Why India's milk production has grown at over 6% past few years

Rediff.com   17 Oct 2019

As the number of cross-bred female cattle rise, the entire concept of lean and flush seasons for milk will go away, as these animals give similar quantities in all seasons.

New-look FRDI bill to offer higher deposit insurance

New-look FRDI bill to offer higher deposit insurance

Rediff.com   17 Oct 2019

The government would be ironing out issues related to the controversial 'bail-in' clause in the earlier Bill, explore hiking the deposit insurance cover of customers, and decide whether the resolution framework should apply to public sector banks.

Sitharaman readies relief package for MSMEs, NBFCs

Sitharaman readies relief package for MSMEs, NBFCs

Rediff.com   15 Oct 2019

PSBs have been requested to reach out to MSMEs to provide bill discounting to them against their dues since they suffer the most from shortage of cash.

Gem and jewellery sector fails to shine in H1

Gem and jewellery sector fails to shine in H1

Rediff.com   11 Oct 2019

The industry alleges the government has been apathetic, despite their pleas for quick action. However, H2 may be different as The US-China trade war had opened a window for Indian exporters to ship more to America.

Jewellers may miss Diwali sparkle this year

Jewellers may miss Diwali sparkle this year

Rediff.com   10 Oct 2019

As gold prices turn prohibitive, traders fear a drop of as much as 50% in sales over the previous season.

Why onion prices may influence Delhi polls in 2020

Why onion prices may influence Delhi polls in 2020

Rediff.com   10 Oct 2019

Because of the reluctance to intervene structurally in the political economy of onion trade, the BJP is paying the price till today and might continue to do so in the forthcoming election to the Delhi assembly.

In a first, BJP meets SJM, others over joining RCEP

In a first, BJP meets SJM, others over joining RCEP

Rediff.com   8 Oct 2019

The BJP's effort comes in the wake of Commerce and Industry Minister Piyush Goyal set to attend the eighth RCEP ministerial meeting in Bangkok from October 10 to 12.