-Newsclick.in In the past five years, agri workers’ wage has increased by only about Rs.15 per year. For those leaders of the country who are tearing their hair trying to figure out how to get the economy moving, boost growth, increase investment and create jobs, it would be instructive to look at the plight of the largest economic class in the country – agricultural labourers. Numbering upward of 14 crore, they are...
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Contractor scam in rural job scheme deprives needy -Basant Kumar Mohanty
-The Telegraph About 20 workers would come to the work site every day, get photographed for attendance carrying basketfuls of soil or digging the earth, and then leave without doing any real work New Delhi: This summer, Gaudsahi village under Kapileswarpur gram panchayat in Odisha’s Puri district began renovating the village pond under the Mahatma Gandhi National Rural Employment Guarantee Act. About 20 workers would come to the work site every day, get...
More »Perils of the Gig Economy -Asiya Islam and Damni Kain
-TheIndiaForum.in The uncritical tone of the NITI Aayog’s recent report on the gig economy in India and its belief that platformisation will create an inclusive working environment is, at best, credulous, and, at worst, a deliberate attempt to ignore the erosion of workers’ rights, security, and welfare. In August 2022, more than a hundred workers in Bengaluru working for online food ordering and delivery platform Swiggy went on strike. Echoing central trade...
More »Results of a survey in 4 states reveals how MGNREGA protected the poor from income shocks during the pandemic
-Press release by Azim Premji University dated October 13, 2022 New Delhi & Bangalore, October 13: About 39 percent of all jobcard-holding households interested in working under the Mahatma Gandhi National Rural Employment Guarantee Act 2005 did not get a single day of work in the Covid year of 2020-21. Also, on average, only 36 per cent of households that worked received their wages in 15 days, showed a survey of...
More »Rationale behind raising interest rates -Sashwath Swaminathan nd Anand Srinivasan
-The Hindu A critical facet of the consequences of an interest rate increase is the correction of asset prices. Interest rates act as gravity to stock market prices The Federal Reserve and other central banks around the world have raised interest rates to curb inflation. The rationale behind raising interest rates is that the cost of borrowing rises whenever they are raised, and the incentive to save and invest rather than consume...
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