-The Indian Express The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education. The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows the inherent strengths of the Indian economy. The economy is expected to contract by 7.7 per cent implying a COVID-19 induced loss of Rs 9.61 lakh crore in real terms...

-The Hindu Draft Model Standing Orders are out New Delhi: The Union Labour and Employment Ministry has sought comments and objections on the draft Model Standing Orders, which are the legally-binding documents that govern service conditions of workers, for the service, manufacturing and mining sectors, a Ministry statement said on Saturday. The Ministry published the drafts on December 31, 2020, inviting comments from stakeholders for 30 days. “Keeping in view the needs of the...

-The Hindu “Economic conditions continued to improve through November on the back of the uptick in agriculture and manufacturing,” RBI officials say in an article in the central bank’s monthly bulletin. There is now more evidence to show that the Indian economy “is pulling out of COVID-19’s deep abyss and is reflating” at a pace that beats most predictions, RBI officials, including Deputy Governor Michael Patra, said in an article in the...

-The Hindu The Wistron incident is an example of how exploitative labour practices could accompany businesses moving to India Apple’s decision to place its Taiwanese supplier, Wistron Corp., on probation by not giving new orders — after an audit of the serious lapses in labour practices that led to violence in its facility in Narasapura in Karnataka — is a step forward in corporate accountability and ethical business operations. Pressured by Apple’s...

The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...