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How the Code on Wages ‘legalises’ bonded labour -Soumya Sivakumar

-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...

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Are jobs really being created? -Madan Sabnavis

-The Hindu Business Line While data from CMIE and EPFO present a contrasting picture, jobs in the unorganised sector continue to be difficult to assess Employment data in India have always been controversial as the concept per se is quite nebulous. While corporate data on employment is foolproof as the headcount is known and revealed in annual reports, the same cannot be said about the non-corporate sector. Often, data on employment exchanges...

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Labour losses due to rising heat: India among the most affected, finds study

-Down to Earth Economic losses associated with lost productivity can reach up to $1.6 trillion annually if warming exceeds an additional 2°C relative to the present Rising heat and humidity due to global warming has prompted major loss in labour hours across the globe. India is one of the worst affected countries, according to a new study led by Duke University researchers. As heat and humidity levels rise because of climate change, options...

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MSMEs hit by Raw Materials’ Price Rise, Entrepreneurs Down Shutters in Protest -Neelambaran A

-Newsclick.in After facing severe setbacks due to demonetisation, hasty implementation of GST, and the ill-conceived COVID-19 lockdown, the MSMEs are gasping due to a steep rise in raw material prices. In a first, the entrepreneurs of the micro medium and small enterprises (MSME) went on a one-day strike across the country on Monday. Affected severely by the policies of the Union government, the ill-planned lockdown in March 2020, and now by the...

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Leverage WTO to reform the MSP regime -Ashima Goyal

-The Hindu Business Line It’s in India’s own interest to phase out free supply electricity and water and focus on productivity boosting infrastructure The macroeconomic impact of MSP has been neglected in the current debate. It Worked, over the years, as a push keeping Indian inflation high. The short-term rise in farmer incomes it delivered was soon eroded, leading to another rise and so on. In recent years it has led India to...

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