Farmers are proposed to be compensated the difference between government-announced MSPs for select crops and actual market prices to ensure they get fair price for their produce
Even women employees will benefit with higher salary in hand with their PF contribution being reduced to 8% for three years, indirectly giving a push to the consumption cycle.
Labour ministry had in January rolled out a notification to allow fixed-term contract in all sectors. The proposed plan is expected to be rolled out via an executive order.
“There is a need to make growth and development a mass movement. Policymaking cannot remain elite dominated,” Rajiv Kumar, vice chairman of Niti Aayog, said.
The move, expected to immediately result in a spurt in jobs, comes after a persistent push from the government to the councils to absorb their own trained people.
Bringing revenue deficit to zero far more important than fiscal deficit: Rajiv Kumar, VC, Niti Aayog
We as a govt, including the RBI, must assure our businesses that the rupee will not appreciate for the next five years to improve the export orientation of our economy, says Rajiv Kumar.
This will help the railways reduce the cost incurred on window bookings of rail tickets and travellers in turn will get cheaper tickets, officials said.
About 45 companies will soon bid for 200 hectares of land to set up units in the zone. The plan envisages a total investment of Rs 15,000 cr in Phase 1.
The government has prepared a plan to develop cruise tourism from India and is in talks with international companies to kick-start the facility by next year.
The PMEAC, which held its first meeting today, acknowledged the slowdown in Indian economy and said that it will examine the causes.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon