Azim Premji University moots employment guarantee scheme to strengthen small, medium towns

News Network
March 29, 2019

Bengaluru, Mar 29: Azim Premji University, a Deemed University, has called for creation of a National Urban Employment Guarantee Programme to strengthen small and medium seized towns in India.

In a draft policy paper titled 'Strengthening Towns through Sustainable Employment' released here on Friday, the members of the Centre for Sustainable Employment, Azim Premji University, Bangalore have suggested that the programme suggested should address key problems including underemployment and low wages in informal workforce, migration to large cities from small towns, poor quality of urban infrastructure and public services, ecological degradation, shortage of human and financial capacities of Urban Local Bodies (ULBs), unemployment and lack of skills among educated youth. However, the programme should not be at the cost of MGNREGA but rather the two would go hand-in-hand, according to a release here.

The proposed programme should cover towns with population less than One million. There are about 4000 such towns with 126 million people of working age. Workers with varying levels of formal education upto class 12 would be eligible for 100 days of guaranteed employment a year at Rs 500 per day. Workers who have acquired formal education beyond class 12 would be provided apprenticeship in monitoring, surveying, and other similar tasks in public offices, schools, hospitals etc. at Rs 13,000 per month for a contiguous period of 5 months. While the first category of work is used to address the question of low-wage informal work and underemployment, the second category is designed to provide skill-building and internship for the educated youth.

A new set of “green jobs” have also been proposed including creation, rejuvenation, and maintenance of urban commons such as lakes, parks, waste land, and disaster management. Further, a set of jobs that will cater to the “care deficit” in towns by providing child-care and care for the elderly and the disabled to the urban working class have been included.

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News Network
July 12,2020

Bengaluru,  Jul 12: In view of the rising COVID-19 cases in Bengaluru, a complete lockdown will be implemented in Bengaluru City and Bengaluru Rural areas from 8 pm on July 14 to 5 am on July 22.

"Essentials such as hospitals, groceries, milk, fruit, vegetables, medicines will be available during this period. In addition, medical and postgraduate examinations will happen as already scheduled," the Karnataka CMO informed.

Chief Minister BS Yediyurappa appealed: "Co-operate with all social security policies, wear masks, and abide by government-issued lock-down guidelines for buying everyday items. Your collaboration is essential to controlling the spread of COVID-19 infection."

"I would like to congratulate all Asha activists, medical and police personnel, officers, volunteers, journalists and all those who work directly and indirectly to control the spread of COVID-19 infection," he added.

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News Network
May 11,2020

Bengaluru, May 11: Janata Dal (Secular) leader HD Kumaraswamy on Monday asked Chief Minister BS Yediyurappa to urge PM Narendra Modi to give a 'COVID Package' to Karnataka.

In a series of tweets, Kumaraswamy said that Yediyurappa should raise the demand during the course of the meeting scheduled to be held today with the PM, which will also be attended by Chief Ministers of other states.

"Prime Minister Narendra Modi will hold talks with CMs from different states on coronavirus control and lockdown today. The state's CM BS Yediyurappa will also be in it. At this meeting, BSY should urge Modi to offer a 'COVID Package' to the state," Kumaraswamy's tweet, roughly translated in English from Kannada, read.

In subsequent tweets, the JDS leader said that, "The central government has set up a PM Cares Fund for the fight against Corona. As MPs, entrepreneurs and citizens have made generous donations. BSY must convince Modi that the state has not received adequate financial support from the Center so far."

He further said that the package could be utilised for "medical procedures", "financial compensation for the affected people."

Kumaraswamy also said that "In addition to the 'COVID Package', other dues from the Center, including GST dues, flood relief, etc should also be asked for by BS Yediyurappa at the meeting with Modi."

PM Narendra Modi will hold a meeting, through video conference, with state Chief Ministers on Monday at 3 pm to discuss the prevailing COVID-19 situation in the country.

The Prime Minister had earlier interacted with Chief Ministers four times over the COVID-19 situation via video conferencing.

The upcoming interaction comes days ahead of the scheduled ending of the nationwide lockdown.

The ongoing lockdown, which was imposed to contain the spread of coronavirus, is scheduled to end on May 17.

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News Network
May 29,2020

New Delhi, May 29: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.2 crore on Karnataka Bank Limited for non-compliance of asset classification, divergence and provisioning norms.

"The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949. 

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers," the central bank said in a statement on Thursday.

According to the central bank, the statutory inspection of the bank with reference to its financial position as on March 31, 2017, and as on March 31, 2018, and the Risk Assessment Reports (RAR) pertaining thereto revealed, inter-alia, non-compliance with the directions issued by RBI.

Earlier, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions.

After considering the bank's reply to the notice, oral submissions made in the personal hearing and examination of additional submissions, RBI concluded that the charges of non-compliance with RBI directions warranted imposition of monetary penalty, according to a release.

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

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