-The Hindu Labour Ministry to discuss revised guidelines at GoM The Labour Ministry has proposed that factories with up to 500 workers be allowed to lay off workers or shut shop without seeking government permission, in a bid to give firms flexibility in hiring and firing employees. The Ministry is set to discuss the proposed Labour Code on Industrial Relations at the next meeting of the Group of Ministers (GoM), scheduled for March...

-PTI “Repercussions from the currency exchange initiative will likely persist through the first quarter of 2017.” Washington: India’s demonetisation led to huge cash shortages that have “adversely affected” consumption and like a “vacuum cleaner” it sucked in cash and then was slowly replacing the currency, a senior IMF official has said. “You’ve heard about so-called ‘helicopter drops’ of money with unconventional monetary policies, so one way to characterise this demonetisation initiative is as...

-The Indian Express Integration of spot and derivatives markets for farm produce via e-NAM can be a potential game-changer There isn’t much from the recent Union Budget as far as new ideas for agriculture goes, yet it sends out a couple of signals suggesting the Narendra Modi government’s intent to integrate farmers better with the markets. One such signal is the proposal to come out with a ‘model law’ on contract farming for...

-The Tribune Demonetisation didn’t overly impact the sector, but devitalisation is a concern THERE has been a lot of speculation about the extent of damage due to demonetisation on agriculture. Small farmers suffered most because cash in hand means a lot to them. They were unable to pay for inputs like fertilisers, seeds and farm labour and experienced low demand for their perishable produce. The latest data from government’s agricultural ministry however...

-The Hindu Business Line Fails to ease distress caused by demonetisation’ New Delhi: Terming the Union Budget 2017-18, presented by Finance Minister Arun Jaitley, as detrimental to the realisation of the welfare State, as enshrined in the Constitution, civil rights organisations said it “fails to respond to the present situation of distress and unemployment especially aggravated by demonetisation.” “The Budget seems to be perpetuating unemployment, hunger and malnutrition,” said a release by the...