Govt working to facilitate cashless transaction for workers
The Dollar Business Bureau The government on Thursday announced it is currently working on facilitating cashless transfer of wages to workers with an aim to encourage digital transactions in the country. The MoS for Labour & Employment, Bandaru Dattatreya, said the ministry has already taken several initiatives to support measures taken towards this objective. On November 26, the government launched a campaign for opening bank accounts for workers in the unorganised sector like beedi, construction, Anganwadi and daily wage labourers who still do not possess bank accounts. “The objective of the campaign is to ensure that all workers come into the banking fold and their wages are paid directly into their account. This will not only prevent exploitation of workers and payment of wages without ...
Modi defends monetisation scheme, promises cheaper loans to poor
The Dollar Business Bureau Amidst the ongoing fiasco following the announcement of demonetisation scheme on November 8, Prime Minister Narendra Modi on Sunday claimed that almost Rs.5 lakh crore were deposited into banks that will soon start distributing loans at cheaper interest rates. Laying stress on the fact that the government wasn’t “obstinate” about implementing the latest scheme, Modi said he had promised in his speech that he will regularly evaluate the scheme, and improve it if needed, and one of the main agendas is to give financial flexibility to the poor, as well as providing housing to the poor in rural areas by 2022. Modi said that the scheme has given a grievous blow to the rich and in turn will have a positive impact on the poor ...
Public investments must drive agriculture sector: ASSOCHAM
The Dollar Business Bureau Indian Inc expects some major initiatives and a forward movement in key sectors to be essentially led by the public sector investment in the next two quarters. These include road, power, coal and non-renewable energy sectors, informed the Associated Chamber of Commerce (ASSOCHAM). The industry body, in its release, also said that there is a need for major reforms and measures in the agricultural sector that is currently undergoing crisis. While making a pitch for huge public investment in areas like irrigation, rural infrastructure and power supply, the industry body also informed that the government is likely to continue with support in inputs like fertilizers, among others. Speaking on the same, Rana Kapoor, president of ...
