-Hindustan Times The headline unemployment rate in the March 2021 quarter was 9.4%. This is the lowest since the quarter ending June 2020, which coincided with the 68-day long nation-wide lockdown which was imposed on March 25, 2020. Could the Covid-19 pandemic have left long-term scars on India’s labour markets? The findings of the January-March round of the Periodic Labour Force Survey (PLFS), released on November 30, by the National Statistical Office...
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India’s informal economy has not shrunk -Santosh Mehrotra and Kingshuk Sarkar
-The Hindu An SBI Research study’s claim that there is greater formalisation of the economy is unfounded According to a recent State Bank of India (SBI) Research report, the informal economy in India has been shrinking since 2018. Formalisation, the report says, has taken place through the gross value-added (GVA) route, consumption through increased digital payments, and the employment route. Let’s examine each of these. The report claims that the share of the...
More »What will a legal guarantee of MSP involve? -Priscilla Jebaraj
-The Hindu Why are farm unions seeking a minimum support price for all crops? What are the terms of the committee set up to look into their demands? The story so far: After a year-long agitation on the borders of Delhi, protesting farm unions under the banner of the Samyukt Kisan Morcha have achieved their headline demand, namely the repeal of three contentious laws seeking to reform the storage and marketing of...
More »Kisan Movement’s Direct Action Defeated not Just Modi Govt, but Imperialist Forces too -Prabhat Patnaik
-Newsclick.in While the farmers’ movement used the political threat of Working against BJP in the coming elections, it also resorted to direct action, which is an extreme rarity under neo-liberalism. Particular battles often have a significance that goes beyond the immediate context, of which even the combatants may not be fully aware at the time. One such was the Battle of Plassey, which was not even a battle since one side's general...
More »The need for a proper Pre-Legislative Consultation Policy -Arun PS
-The Hindu How many bills have been tabled without prior discussions? What needs to be done to improve public consultation in policymaking? The story so far: The Union Government has listed 29 Bills (26 new and three pending) to be tabled in the winter session of Parliament. In 2014, the Pre-Legislative Consultation Policy was adopted, mandating a host of rules, including that whenever the Government makes any law, it must place a...
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