The Karnataka Cabinet on Thursday, Jan 8, unanimously resolved to reject the implementation of the recently enacted VB-G-RAM-G Act and legally challenge its validity, alleging that it is “against the spirit of the 73rd and 74th amendments to the Constitution”.
VB G Ram G Act, which guarantees 125 days of wage employment a year, up from 100 days of work provided under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), came into effect on December 21 after receiving the assent of the President following the passage of bill in both houses of Parliament days before. The new law introduces the cost-sharing structure to a 60:40 share between Centre and states.
Business & Economics
FOREIGN FIRMS RUSH TO INDIA’S ONLINE MARKETPLACE
NEW DELHI (TIP): India’s booming online marketplace business has attracted a new wave of merchants and sellers from countries such as China, South Korea, Japan, Singapore and the US. In fact, thousands of sellers are […]
Business & Economics
Paytm invests $10 mn in logistics data start-up ‘LogiNext’
Logistics data start-up company LogiNext has got support from mobile commerce platform Paytm, which will invest $10 million in the first round of institutional funding for the firm. The move is in line with Paytm’s […]
India
India well prepared to thwart possible terror attack: Parrikar
New Delhi/Nagrota (TIP): Defence Minister Manohar Parrikar has said India is well prepared to thwart any possible terror attack in the backdrop of intelligence inputs that strikes could be carried out on soft targets in […]
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