-Newsclick.in Slamming the IT ‘surveys’ at the offices of NewsClick and Newslaundry, the Guild said the dangerous trend of harassing and intimidating independent media must stop. The Editors Guild of India, the apex body of journalists, on Saturday said it was deeply disturbed about the Income Tax Department’s “survey” conducted at the Delhi offices of news websites NewsClick and Newslaundry. In a separate statement, the Delhi Union of Journalists (DUJ) also condemned the...
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Technology enabled digital labour platforms are not adhering to labour norms, points out new ILO report
Although services provided by the gig and platform workers touch the lives of each one of us, we have little knowledge about the role of digital labour platforms in transforming the world of work. Such digital labour platforms have created unprecedented opportunities for workers, businesses and society. However, they also pose serious threats to decent work and fair competition. A recent report by the International Labour Organisation (ILO) shows that the...
More »The country should worry about further worsening of economic inequality in the post-COVID period
The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...
More »Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
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...
More »With savings rate falling, phasing out exemptions may hit it harder -Udit Misra
-The Indian Express The savings rate, expressed as a percentage of the gross domestic product, reflects the pool of investible funds within the country that are available for the government and private businesses to use for investment purposes. The government’s plan to gradually get rid of all exemptions and deductions under the Personal Income Tax regime — in a bid to provide lower taxes and a simplified tax architecture as well as...
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