-Hindustan Times It is also the first time in seven years that the share of salaries in sales revenue has come down. Hit by decelerating sales growth, Indian companies are tightening spending on their wage bills. Private sector salaries recorded their worst growth in 10 years in fiscal year 2018-19. It was also the first time in seven years that the share of salaries in sales revenue came down. These results are...
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The Indian economy is blaring warnings, but the Modi government remains in denial -Jayati Ghosh
-Scroll.in/ qz.com While the government was busy celebrating cosmetic measures like ‘ease of doing business’ ranking, the real economy tanked. Suddenly, it seems like everything is shrinking in India: our capacity for tolerance and diversity, the space for democratic expression and dissent – and now, economic growth. The warning signs have reached a point where they cannot be ignored any longer and more people, including prominent business leaders, are speaking out. Yet, at...
More »Repealing the Construction Workers Act Under New Labour Codes Will Prove Disastrous -Harshil Sharma
-TheWire.in In the name of simplification and universalisation, the new labour codes will likely result in increased worker exploitation. The Indian government has brought out four labour codes with the stated objective to rationalise and simplify the existing 44 labour laws. It is a welcome initiative to consolidate and simplify the delivery of justice to the working class. The four labour codes relate to wages, industrial relations, social security and welfare and...
More »Union cabinet approves bill to merge 13 labour laws into single code
-Hindustan Times The OSH Code is the second major labour reform approved by the government. It cleared the Wage Code last week that contained “provisions of minimum wages and payment of wages to cover employees in both the organised and unorganised sectors. The Union Cabinet on Wednesday approved the Occupational, Safety, Health and Working Conditions Code, also known as the OSH Code, that seeks to merge 13 central labour laws into a...
More »Bhopal gas tragedy among world's 'major' accidents of 20th century: UN report
-PTI/ United Nations According to recent estimates released by the ILO, each year 2.78 million workers die from occupational accidents and work-related diseases (of which 2.4 million are disease-related). The 1984 Bhopal gas tragedy which killed thousands of people is among the world’s “major industrial accidents” of the 20th century, a UN report has said, warning that 2.78 million workers die from occupational accidents and work-related diseases each year. The report released...
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