Among the measures announced by the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 23rd August, 2019 to arrest economic downturn, the following are noteworthy: * Allow Bharat Stage IV (BS-IV) vehicles (which are purchased till 31st March, 2020) to remain operational for the entire period of registration; * Government shall lift the ban on purchase of new vehicles for replacing all old vehicles by its various departments; *...
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What happened to poverty during the first term of Modi? -Himanshu
-Livemint.com Consumption declined over the period 2014-18, confirming fears that people ended up worse off Various data from the financial to the corporate sector over the last two months are confirming the worst fears of a sharp decline in demand in the economy. With stagnant investment and exports, there are clear signs of a sustained slowdown. Most of this was well known to anybody following the Indian economy, barring the government, which...
More »Most regular jobs in India don't pay well: PLFS -Ishan Anand & Anjana Thampi
-Livemint.com Around 45% of salaried workers — the best-paid workers in India — earned less than Rs.10,000 per month, and only about 4% of them earned more than Rs.50,000 per month in 2017-18 The much-awaited report of the Periodic Labour Force Survey (PLFS) 2017-18 has highlighted the difficult job situation with 6.1% of India’s labour force, and 17.8% of young people (15-29 years) in the labour force reporting to be unemployed. The recently...
More »Jobless growth becomes more systemic -KP Kannan & G Raveendran
-The Hindu Earlier confined largely to the organised sector, it has now spread to other areas, as revealed by the latest survey results The findings of the latest employment survey, called the Periodic Labour Force Survey (2017-18), are a cause for concern as the scenario is still far from anything that would denote decent employment. The two biggest issues here are: the shrinking share of the labour force; and the rising unemployment. The...
More »India's workforce has fewer women than it did six years ago -Janaki Shibu and Rosa Abraham
-Scroll.in/ India Spend Women earn between Rs 70 and Rs 80 for every Rs 100 that men earn. India’s workforce has fewer women than it did six years ago: no more than 18% in rural areas are employed, compared to 25% in 2011-’12 and 14% in urban areas from 15% in 2011-’12. However, in urban areas, the percentage of women in salaried jobs has increased from 35.6% in 2004 to 52.1% in...
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