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ESIC may cover gig economy workers as part of new Social Security Code Bill -Somesh Jha

-Business Standard The government has made an enabling provision in the code to provide insurance cover, under the ESI schemes, to gig, platform and plantation workers Workers employed in the gig economy may soon be eligible for insurance benefits provided by the state-run Employees’ State Insurance Corporation (ESIC). The move is a part of the Social Security Code Bill, 2019 approved by the Union Cabinet on Wednesday. The Code has also proposed...

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Delay in sowing fuelled farm fires: Harvard study -Vishav Bharti

-The Tribune Chandigarh: The Punjab Government’s policy of delaying sowing of paddy has resulted in deteriorating air quality, a study carried out by researchers of Harvard University, US, has found. The study titled “Detection of delay in post-monsoon agricultural burning across Punjab, India: potential Drivers and consequences for air quality” carried out by Tianjia Liu of the Department of Earth and Planetary Sciences and Loretta J Mickley of the School of Engineering...

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Explained: Why the govt wants to change the definition of MSMEs -Udit Misra

-The Indian Express A change in definition is expected to improve their ease of doing business and help create more jobs. It has been reported that the government will soon change the way it defines the micro, small and medium enterprises (MSMEs). “We will have one meeting and then finalise it (changes to MSME definition),” Union Minister Nitin Gadkari told news agency PTI, adding that extensive changes will be made soon....

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Sentiments do have real economic benefits -Renu Kohli

-The Telegraph Investors may be buying stocks again, but fundamental Drivers such as expected corporate performance remain unchanged Sentiments matter for economic growth. Optimistic or upbeat sentiments encourage consumers to buy and borrow; businesses, on the other hand, are spurred to plan and invest. But when in reverse gear, downbeat or negative sentiments can hold back spending, restricting activities and stifling growth. For an economy seeking to revive itself, be it India...

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Dip in tractor sales indicate further deepening of rural distress

In the financial year 2017-18 when tractor sales touched new heights, it was said by many of the NDA (viz. National Democratic Alliance) government supporters that rural demand has revived on account of adequate monsoon rainfall and higher minimum support prices for crops. Many economists and newspaper columnists also denied the existence of any rural distress. An alternative perspective, however, was also presented by rural economists like Dr. Himanshu who teaches...

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