Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
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Gig work and its skewed terms -Aditi Surie
-The Hindu The new labour codes do little to provide better pay and definitive rights to platform workers The new Code on Social Security allows a platform worker to be defined by their vulnerability — not their labour, nor the vulnerabilities of platform work. Swiggy workers have been essential during the pandemic. Even so, they have faced a continuous dip in pay and no rewards for being essential workers. During the last six...
More »Indian Coordination Committee of Farmers Movements led by Yudhvir Singh calls for a nationwide bandh on 25th Sep. 2020
-Press release by Indian Coordination Committee of Farmers Movements dated 23rd September, 2020 ICCFM is a non-partisan national alliance of farmers movements representing 12 farmers' organizations across India based in UP, MP, Rajasthan, Karnataka, Tamil Nadu, Punjab, and Haryana. Bharatiya Kisan Union, Karnataka State Farmers Association, Tamilaga Vivasayigal Sangham are among the major farmer movement. As with many other farmers organizations in this country, ICCFM is gravely worried about the anti-farmer bills...
More »Tumbling down -Renu Kohli
-The Telegraph The slump in the GDP and the pain ahead The -23.9 per cent shrinkage in the April-June GDP is not a surprise as nearly half the period witnessed a national lockdown. It’s also not surprising that this loss is the world’s steepest for India’s lockdown was the most stringent and the accompanying fiscal policy response the weakest. But the quarter per cent slump did surprise most analysts who have since...
More »New report by American Bar Association exposes the dark underbelly of Indo-US sandstone trade
Often exports made by a country to the rest of the world are seen in a positive light by us. It is because exports not only earn precious foreign currencies (that can be used for importing goods and services or simply be used for building forex reserves), it also helps in generating effective demand for goods and services produced in that country and hence, contributes to economic or GDP growth....
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