Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
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Kerala fixes base prices for 16 agricultural items
-The Hindu It will come into force in the State from November 1 THIRUVANANTHAPURAM: Base prices for 16 agricultural items, including vegetables, fruits and tubers, will come into force in the State from November 1, Keralapiravi day. The Cabinet on Wednesday cleared the proposal to introduce the base prices designed to protect farmers from adverse price fluctuations in the market. The government has termed the initiative as the first of its kind in...
More »Women spend most of their daily time in unpaid domestic and care work, shows the latest Time Use Survey data
Among other things, one of the reasons (given by some economists) behind low labour force participation rate (LFPR) of women vis-à-vis men in the country is that more young girls are educating themselves, causing an improvement in the secondary and tertiary enrolment rates. It means that more Indian women are staying out of the labour force in order to continue their education – secondary education and / or college &...
More »Labour’s data lost -Rajendran Narayanan and Bishwa Pandey
-The Hindu The government’s tendency to be opaque and blame states is not new Last month, the Code on Social Security; the Code on Occupational Safety, Health and Working Conditions; and the Code on Industrial Relations were passed in Parliament with little debate. In August 2019, the Code on Wages was passed. The four codes together subsume more than 40 labour laws. The mission statement from the Ministry of Labour and Employment reads:...
More »A weak link in the elementary education chain -Rohit Dhankar
-The Hindu India is ignoring the necessity for strong capacity building of the many NGOs engaged in educational improvement For about three decades now, a large number of non-governmental organisations (NGOs) are intensively engaged in the task of improving elementary education in the country. A paper in the Economic & Political Weekly of May 2005, titled How Large Is India’s Non-Profit Sector?, estimates about three million paid workers in the voluntary sector...
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