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economictimes.indiatimes.com / 1 year ago
investmentweek.co.uk / 1 year ago
economictimes.indiatimes.com / 1 year ago
Growth in NREGS work demand loses pace in February
rural employment scheme slowed in February, with officials and experts attributing it to improved economic activities.
Strong economic activities open up more remunerative employment prospects in various sectors, reducing demand for the mainly unskilled jobs under the Mahatma Gandhi National Rural Employment Guarantee Scheme.
About 26.6 million people sought work under the scheme in February, up 1.5% from a year earlier. In January, the growth rate stood at 13.4%. The number of households that these workers represented hit 21.81 million, a 2.9% increase year-on-year. In January, the increase was 14.4%.
«The (unfavourable) base effect will continue to play out for some more time. But the fact that the rate of increase in NREGS work demand has slowed down sharply is a good sign,» said a senior official, who did not wish to be identified.
Monthly work demand under the scheme had eased consistently between November 2023 and October 2024. The relatively low base boosted the pace of increase in work demand in percentage terms from November 2024.
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21.05 / 10:17
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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
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21.05 / 10:17
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Even at $5 trillion, Nvidia is underappreciated
Subscribe to enjoy similar stories.Nvidia is no longer the only AI chip game in town. But it is the largest by far, and the likelihood that it will be that way for the foreseeable future should count for something.It hasn’t counted for much lately.
21.05 / 10:17
markets
Digital
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RK Swamy bets on integrated advertising model as global agency giants split media and creative
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21.05 / 09:47
markets
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FPIs exit Korea & Taiwan: Is India ready for the flow rotation?
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Secured credit cards: Unlocking credit and building a credit score for millions
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
Subscribe to enjoy similar stories.Forensic audits have gained significance in today’s world of business as they serve as a useful tool for commercial lenders to investigate fraud by borrowers and/or identify other deep-seated financial irregularities. Forensic auditors are also employed by resolution professionals to report on preferential, undervalued, fraudulent and extortionate (‘PUFE’) transactions for adjudication under India’s Insolvency and Bankruptcy Code (IBC). While there is no single universal definition, several globally recognized organizations have provided widely accepted definitions (and norms) of forensic auditing.
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