Does India really need a New Education Policy? Is our educational reform held back by the datedness of the 1986/1992 education policy which was written before the internet and mobile phones? On this question, I tend to agree with what the current Prime Minister said back in 2013 – “India needs Action, not Acts.” So I admittedly approach the draft National Education Policy 2019 with some scepticism.Further, in my opinion, a good policy should not be too long, should take stands on important issues, prioritize action items, readily provide evidences for the tenets it advances and draw extensively on the experience of people who have worked in the sector nationally and internationally. It should focus on the objectives that more of us can agree on, than on philosophies on which there will be more divergence. These points are important because in India we tend to write policies and Plan Documents in education that say the right … [Read more...] about Does India really need a New Education Policy to achieve educational equity?
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MUMBAI: Even as many large corporates are keen on getting back their women employees who have taken long breaks, most of such women expect a slash in their salaries from their last earned ones, says a report. There are more than 7 million second career women in the country who are seeking to return to work. More than two-thirds of respondents (69 percent) of a survey anticipate a pay cut on their re-entry due to the prevalence of what is called the 'motherhood wage penalty' (how mothers suffer severe wage and hiring disadvantages in the workplace), says a report by Avtar that is into diversity advocacy and workplace inclusion. The report is based on an online survey among 783 second career women between August and September and claims that there are over 7 million second career women in the country who are seeking to return to work. About 56 percent of the women surveyed took their career breaks during the mid-career stage and 31 percent took it during early career stages. When it … [Read more...] about Fear of pay cut keeps long maternity leave a far-fetched dream for most women
Early morning today, it was reported that the four suspects involved in the gruesome rape and murder case in Hyderabad have been eliminated in a police encounter, whilst they were taken to the scene of offense in furtherance of investigation. The case of the police appears to be that all four suspects who were in custody were trying to flee and also attacked the police. Factually, it is difficult to accept this theory for more than one reason. When the accused are being taken out of lockup or prison, they are always taken with adequate guards and under handcuffs. The police team in a case of such gruesome offense would not take chance by inadequately equipping themselves with the weapons. Therefore, it has to be assumed that there were sizable number of escorting people and the accused were taken with handcuffs. There was no question of the accused having any weapons. In such a situation there was no question of accused attacking the policeman whilst they were also handcuffed. … [Read more...] about OPINION | Was the Hyderabad Encounter Genuine? Provisions of Law Make it Difficult to Accept Cops’ Explanation
Some mutual fund investors love to recycle their investments in Equity Linked Saving Scheme or ELSS to claim tax benefit under Section 80C of the Income Tax Act. The strategy is very simple: you recycle your old investment and claim tax deduction on it again after three years. However, the re-introduction of Long Term Capital Gains (LTCG) tax may queer the pitch for these investors, say some mutual fund advisors. “Fundamentally, this process is unhealthy for your investments but now after the introduction of LTCG, you will be at loss since you will pay tax on the redemption,” says Vishal Dhawan, Founder, Plan Ahead Wealth Advisors. The finance minister has proposed to tax long term capital gains above Rs 1 lakh on equity mutual funds at a flat 10 per cent without the indexation benefit. For late comers, investments in ELSS qualify for tax deductions of up to Rs 1.5 lakh under Section 80C. However, instead of making fresh investments, some investors pull out their old … [Read more...] about Does it make sense to recycle your ELSS investments after return of LTCG tax?
The Labour Ministry Friday said there is a proposal to pay employers for extended maternity benefit from government budget and not from any labour welfare cess as it does not exist. "There are some media reports that this scheme has been approved/notified. However, it is clarified that the Ministry of Labour and Employment is in the process of obtaining necessary budgetary grant and approvals of competent authorities. The reports that it will be funded from a labour welfare cess is also incorrect, as no such cess exists under this Ministry," a Labour Ministry statement said. According to the statement, the ministry is working on an incentive scheme wherein seven weeks' wages would be reimbursed to employers who employ women workers with a wage ceiling of up to Rs 15,000 and provide the maternity benefit of 26 weeks paid leave, subject to certain conditions. The ministry has estimated that about Rs 400 crore would be the financial implication for the Ministry of Labour and Employment … [Read more...] about Government budget to reimburse maternity leave pay: Labour Ministry