One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...
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Centre to revise wage computation for rural, agricultural workers -AM Jigeesh
-The Hindu Business Line Labour Ministry has decided to change the base year of the Consumer Price Index for agriculture and rural workers Union Labour Ministry has decided to revise the wage calculation for India’s workforce. The Ministry, in its latest computations, has decided to change the base year of the Consumer Price Index for Agriculture Labourers and Rural Workers (CPI-AL&RW) to 2019. At present, the base year is 1986-87. According to a...
More »The recent QES estimates are unreliable -R Nagaraj and Radhicka Kapoor
-The Hindu The analysis is fraught with caveats and the interpretation of the survey results calls for caution Last week, the Ministry of Labour and Employment released the results of a new Quarterly Employment Survey (QES) for April-June 2021 for the organised (formal) sector. It represents establishments (or units) employing ten or more workers. The surveyed sectors were manufacturing, construction, trade, transport, education, health, accommodation and restaurant, Information Technology/Business Process Outsourcing (IT/BPO),...
More »Are we witnessing depeasantisation in Indian agriculture?
The newly released Situation Assessment Survey of Agricultural Households and Land and Livestock Holdings of Households in Rural India (NSS 77th Round) establishes the fact that the farm households are more and more relying on wage incomes instead of 'net incomes from crop cultivation' for their livelihoods. In Marxian lexicon, proletarisation (a term that we can loosely use for depeasantisation) refers to the process in which the farmers/ tillers are...
More »17.1 mn workers of unorganised sector register on e-Shram portal: Labour Min
-PTI/ Business Standard As of September 25, the statement said, as many as 1,71,59,743 workers have registered on the portal. Over 1.71 crore workers from the unorganised sector have been registered on the e-Shram portal in the last one month since its launch on August 26, 2021. "Completion of one month of launch of e-Shram portal marks with the registration of more than 1.71 crores workers from the unorganised sector and in unorganised...
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