-The Hindu  Growth impulses remained fragile, manufacturing output tanked 9.5% After touching a six-month high in May, India’s retail inflation was virtually unchanged in June at about 6.3%, remaining out of the central bank’s comfort zone for a second month in a row. Economists expect the Reserve Bank of India (RBI) to revisit its inflation estimate of 5.1% for 2021-22 and stressed that lack of fiscal policy action to cool prices could precipitate...

-The Hindu Business Line Trade union seeks urgent measures to alleviate pain of joblessness, drastic fall in income Trade unions and industrial associations painted a grim picture of the unemployment scenario in the country at a recent meeting of the Labour Standing Committee. The trade unions demanded urgent measures such as direct cash transfers to address job loss and wage loss, while the representatives of industries demanded a re-look at the current...

-The Hindu Fresh investments dip by 18% overall The second wave of COVID-19 and a steep decline in new investment projects from government agencies dented fresh investment plans in the economy by 18% in the first quarter of 2021-22, compared to the previous quarter. Despite the government’s stated push for capital spending to revive the economy, public infrastructure investments almost halved compared to the January-March quarter, bringing total outlays on new infrastructure plans...

-Newsclick.in Nearly 93% of the Indian garment workers were pushed below the international poverty line of the World Bank in April and May, 2020 Garment workers lost a significant amount of wage during the pandemic in six Asian countries including India. Workers’ wages were at poverty levels even before the pandemic, and were pushed further below the International Poverty Line in their countries by the pandemic, according to a recent report titled...

-IndiaSpend.com While the EU says such a tax is essential to push industries to control greenhouse gas emissions, India claims this targets developing countries unfairly. New Delhi: Last week, Indian environment minister Prakash Javadekar opposed the European Union's (EU) plan to levy an additional 'carbon border tax' on imports from countries such as India that do not have strict norms for controlling industrial greenhouse gas (GHG) emissions. Earlier, on March 10, 2021, the...