-ThePrint.in Wage ceiling, mobility of lower-end workers, smaller establishments willfully avoiding registrations among factors that make EPF data flawed indicator, they assert New Delhi: While the government often cites monthly data from the Employees’ Provident Fund Organisation (EPFO) — the latest edition of which was released on Friday — to show that formal sector employment is growing in India, economists say that the data is flawed, prone to inflation and captures only...
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‘Did RBI inform govt of impact on circulation?’: SC asks govt on demonetisation -Abraham Thomas
-Hindustan Times Under the Reserve Bank of India (RBI) Act Section 26(2), a recommendation by the RBI’s Central Board precedes any decision to demonetise any series of currency notes. The Supreme Court on Friday asked the central government if the Reserve Bank of India (RBI) had informed it that demonetisation will result in the withdrawal of over 86% currency in circulation. Making a query to the Centre as part of its consideration of...
More »Unlock potential of MSMEs with schemes -Dr. Dinesh Kumar Tyagi
-The Daily Pioneer The MSME sector does not need more laws and regulation but handholding and support in India The importance of the MSME in the economic and social development of the country, especially for developing nations, has been established in various studies conducted by the international institutions. In India, the role of SME is proven by the fact that they contribute about 30 per cent of the GDP and 45 per...
More »Digital Personal Data Protection Bill skirts key issues -R Suryamurthy
-The Telegraph The older Bill mandated monitoring, testing and certification of hardware devices by the Data Protection Authority The draft Digital Personal Data Protection Bill, 2022 did not consider several critical issues such as the regulation of hardware and devices and localisation of data with retrospective effect, which have been opposed by the global tech giants. Abhishek Malhotra (managing partner, TMT Law Practice) said: “The draft Bill has watered down the objective of...
More »How the proposed Data Protection Bill will undermine India’s Right to Information -Shailesh Gandhi
-Scroll.in A planned amendment says that all information that can be related to a person may be denied. India’s Right to Information Act, 2005, has been hailed as one of the best transparency laws in the world. It recognises that citizens are the rulers of the nation. As a consequence, the Act acknowledges their right to access all information from their government. The law effectively states that the default mode is that they...
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