-The Hindu The trends in employment have not shown any clear and consistent patterns over the years The two important indicators of structural transformation in any economy are rates of growth and changes in the structural composition of output and the workforce. India has experienced fairly consistent changes in the first indicator, especially after the 1991 reforms, but the trend in employment has not revealed any consistent or clear pattern. The growth rate...

-Financial Express This is of special interest as FY22 was challenging on several fronts, needing govt intervention Budget FY23 will, of course, be important for the content and its take on the economy, given the Union government has to necessarily take a call on how it thinks the third wave has affected the economy and accordingly make provisions in the Budget. But, also important will be the revised numbers for the different estimates...

-Newsclick.in Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve. In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant Interest rates, the money lenders at least bore the whole of the lender’s risk. The banks...

-Newsclick.in The Centre has on many occasions announced to double the farmer’s income but the reality on the ground paints a different picture. Suffocated under a cycle of debt, some of them are allegedly taking the extreme step. Banda: Ram Ruchi was just 22 at the time of his death. A young farmer from Majra Pandin village in Banda district hanged himself to death on the ill-fated day of October 7, 2021....

-The Hindu It allows employers to extend unlimited advances to workers and charge an unspecified Interest rate on such loans Debt bondage is a form of slavery that exists when a worker is induced to accept advances on wages, of a size, or at a level of interest, such that the advance will never be repaid. One of India’s hastily-passed Labour Codes — the Code on Wages, 2019 — gives legal sanction...