-CounterCurrent.org According to a NITI Aayog recent report titled ‘India’s Booming Gig and Platform Economy’ India’s gig workforce, estimated to be at 77 lakh in 2020-21. It is expected to go up to 2.35 crore by 2029-30. Gig worker are defined by Niti Aayog as those engaged in livelihoods outside the traditional employer-employee arrangement. Gig workers can be broadly classified into platform and non-platform-based workers. Platform workers are those whose work...
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Traders’ body pitches for withdrawal of 5% GST on unbranded foodgrains
-Livemint.com The CAIT has urged the states to call an emergency meeting of the GST Council immediately to decide on the withdrawal of the tax on these items Bengaluru: The Confederation of All India Traders (CAIT) on Wednesday wrote to chief ministers and finance ministers of all states demanding the withdrawal of the 5% goods and services tax imposed on unbranded foodgrains and other items that came into effect from Monday. The association...
More »Cost of living crisis hits poorest the hardest, warns UNCTAD
-UN News Billions of people are facing the greatest cost of living crisis in a generation due to rising food and energy prices amid rapid inflation and increasing debt, leaving the most vulnerable consumers in a dire situation, said the UN Trade and development body, UNCTAD on Tuesday. UNCTAD’s analysis shows that a 10 per cent increase in food prices will trigger a five per cent decrease in the incomes of the...
More »Traders to hold nationwide protest against hike in taxes
-The Telegraph PM Modi’s Gabbar Singh Tax is the best example of his modus operandi — talk big, and when it’s time to act, make things worse: Congress Traders and shopkeepers will hold a nationwide protest next week against a hike in taxes on a range of products, including food grains and household items, and services that kicked in from Monday. “The 5 per cent goods and services tax on a range of...
More »Why it will be hard to shrink Trade deficit -Vivek Kaul
-Livemint.com * Price of oil and other commodities have fallen recently as fears of a recession have risen * But oil price is still high versus last year and needs to fall further to contain the import bill India’s Trade deficit in June came in at the highest level ever of $26.2 billion. The previous high was in May, when the deficit had stood at $24.2 billion. The Trade deficit is the difference...
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