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Most small farmers outside formal credit system. Sitharaman’s announcements won’t help them -Shoumitro Chatterjee and Mekhala Krishnamurthy

-ThePrint.in An RBI report says that despite numerous existing initiatives, at most 40 per cent of India’s small and marginal farmers are covered by formal credit. There is no doubt that agricultural credit is a critical element of both agricultural production and marketing across India. However, during a period of acute crisis, the government needs to bank on channels that are relatively robust and far-reaching. Unfortunately, especially when it comes to small...

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Are India’s Labour Laws too restrictive? -Suresh Seshadri

-The Hindu For employers, availability of skilled workforce and worker-management ties are more vital Some State governments including Uttar Pradesh (U.P.) and Madhya Pradesh (M.P.) have proposed ordinances to exempt manufacturing establishments from the purview of most Labour Laws. In a discussion moderated by Suresh Seshadri, Amit Basole (Associate Professor of Economics, Azim Premji Unversity, Bengaluru) and K.R. Shyam Sundar (Professor of Human Resource Management, XLRI, Jamshedpur) look at the backdrop for...

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The War on Labour Will Blow Down the Economy -Prabhat Patnaik

-Newsclick.in The suspension of Labour Laws by BJP governments promotes corporate interests at the expense, not just of workers, but the rest of society, including small businesses and petty producers. Even as millions of migrant workers are wearily trudging back to their villages with no money, no food and no shelter, or are locked up en route in shoddy quarantine camps, a war has been unleashed on the rights of workers under...

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Provide income support, restore jobs -R Nagaraj and Radhicka Kapoor

-The Hindu On the contrary, scrapping Labour Laws will only reduce wages, lower earnings and reduce consumer demand Following the adage, “never waste a crisis”, the government of Uttar Pradesh, last week, introduced an ordinance that has scrapped most Labour Laws for three years — ostensibly for creating jobs and for attracting factories exiting China following the outbreak of the novel coronavirus. These laws deal with the occupational safety, health and working...

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Central Government’s Push Behind Suspension of Labour Rights in States? -Ayaskant Das

-Newsclick.in It is noteworthy that rights of workers have been suspended despite Prime Minister Narendra Modi exhorting employers during the initial phase of the lockdown period not to cut down jobs. New Delhi: Over the past week, various states, including those ruled by the Bharatiya Janata Party (BJP) as well as those ruled by non-BJP political parties, are being held squarely responsible for drastic suspension of Labour Laws in the midst of...

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