-The Hindu BMS chief Hiranmay Pandya said workers face low wages, lack of job security and social security benefits, and had to suffer poor working conditions this year On the second day of the Asia Pacific Regional Meeting of the International Labour Organisation (APRM of ILO), representatives of workers and employers from India on Wednesday highlighted the employment situation in the country. While employers hailed the Union government’s steps to “help” workers...

-Business Standard Dept in advanced inter-ministerial talks; schemes for bicycles, footwear to follow The industry department is in the advanced stage of inter-ministerial consultation for launching a production-linked incentive (PLI) scheme for both traditional and mechanical toys worth Rs 3,500 crore, which will be followed by PLI schemes for bicycles and footwear. “Discussions for PLI for toys are at an advanced stage. PLIs for bicycles and footwear are also under formulation,” a government...

-PTI/ The Hindu ‘The consumption decline in the rural markets continues to be led by both double-digit price increases and lower unit growth’ The country's FMCG industry continued to witness consumption slowdown in the September quarter, with rural markets registering a higher decline in volumes compared to the three months ended June, says a report. Also, consumers continued to prefer purchasing smaller packets amid companies hiking prices in response to broader inflationary pressures,...

-Financial Express The credit outstanding to industry stood at Rs 32.4 trillion as of September 23, according to the data. The banking sector lending to industry has picked up, led by disbursals to the micro, small and medium enterprises (MSME) sector. Bank credit to industry improved 12.6% year-on-year in September, compared to a muted 1.7% growth in the same month last year, data released by the Reserve Bank of India (RBI) showed. Banks’...

-TheWire.in The Narela industrial complex is one of the biggest in Asia, packed with booming small-scale industrial units. It runs entirely on the labour of low-income workers who have very little say on their pay and living conditions. In order to start liberalising trade and industrial production capacity through economic policy, the Indian nation-state began implementing a set of Washington Consensus style neo-liberal economic reforms in the early 1990s. The liberalisation push across...