-The Hindu Business Line The expanded ambit now allows a larger pool of enterprises to get the benefits of the MSME Act and pandemic-induced reforms Micro, small and medium enterprises (MSMEs) are amongst the strongest drivers of the economy with a vast network of about six crore enterprises, contributing about 45 per cent to manufacturing output, 50 per cent to exports, around 30 per cent to GDP, and creating employment for about...
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BJP’s Farming Policies: Deepening Agrobusiness Capitalism and Centralisation -Pritam Singh
-Economic and Political Weekly Agricultural market reforms recently enacted by the National Democratic Alliance government reflect the Bharatiya Janata Party’s determination to introduce agrobusinesses into agriculture and push further its agenda of centralisation of economic power and decision-making. The opposition to the reforms by farmers, many state governments, and regional political formations poses the most formidable challenge, so far, to this government. The contesting claims have missed the dimension of the...
More »Labour Laws Perform a Redistributive Function. Diluting Them Has Serious Consequences. -Rashmi Venkatesan
-TheWire.in In a world that is already grappling with crippling inequalities, weak labour market institutions will only further cause economic divisions. The three labour codes passed in the Lok Sabha last Tuesday are the latest in a long line of labour law reforms that have been enacted recently and will almost certainly be followed by more in the future. All these ‘reforms’ have one objective in mind – to dismantle labour rights...
More »New Labour Codes and Their Loopholes
-Economic and Political Weekly Every successive reform in labour laws fails to plug the loopholes. The passage of the three labour code bills by Parliament —the Industrial Relations Code (IRC) Bill, 2020, the Code on Social Security (CSS) Bill, 2020, and the Occupational Safety, Health and Working Conditions Code (OSHWCC) Bill, 2020—and the Code on Wages (CW) Bill enacted in 2019 is the first major milestone in labour market reforms in over...
More »From PM economic council to Niti Aayog, growing disquiet over Govt tight fist -P Vaidyanathan Iyer
-The Indian Express Advisors urged fiscal push in form of wage subsidy, rural infrastructure Speaking to The Indian Express on September 26, Union Finance Minister Nirmala Sitharaman said that she is open to “the need for further stimulus” and its timing. That may not be much of an assurance given the growing sense of disquiet in expert bodies including the Prime Minister’s Economic Advisory Council, the Niti Aayog and the Chief Economic Advisor’s...
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