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India’s economy and the challenge of informality -R Nagaraj and Radhicka Kapoor

-The Hindu Policy efforts to formalise the economy will have limited results as the bulk of informal units are petty producers Since 2016, the Government has made several efforts to formalise the economy. Currency demonetisation, introduction of the Goods and Services Tax (GST), digitalisation of financial transactions and enrolment of informal sector workers on numerous government Internet portals are all meant to encourage the formalisation of the economy. But why the impetus...

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What the Budget can do to support farming, in five charts -Arjun Srinivas

-Livemint.com/ HowIndiaLives.com Even as it presses for market reforms in agriculture, the Centre has been actively using the basket of schemes wholly funded by it to widen the social security net for farmers. Expect that to continue in the coming Budget In 2016, the BJP-led government set itself the target to double farmers’ incomes by 2022. An inter-ministerial committee set up to recommend strategies to meet this target highlighted seven sources of...

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The cold truth about India’s income inequality -Seema Chishti

-The Hindu Far from pushing for social and economic equality, the state is fanning systems and principles to strengthen the divide The latest edition of the World Inequality Report (https://bit.ly/3Fx8vv4 and https://bit.ly/3EvazlY) has confirmed that the world continues to sprint down the path of inequality. “Global multimillionaires have captured a disproportionate share of global wealth growth over the past several decades: the top 1% took 38% of all additional wealth accumulated since...

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Sudha Narayanan, agricultural economist at International Food Policy Research Institute, New Delhi, interviewed by Shoaib Daniyal (Scroll.in)

-Scroll.in We must remember that there is no one such thing as ‘Indian agriculture’ whenever we discuss reforms. Multiple models need to be discussed. On Monday, Parliament cleared a bill to repeal the three farm laws that had gripped Indian politics for much of the past year. Passed in September 2020, the laws were meant to allow much greater play of corporate capital in Indian agriculture. However, the laws also sparked fears...

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Post-pandemic Exploitation of Food Delivery Workers, and the Legal Reforms Needed -Nilabhra Bhattacharya

-Newsclick.in Why are gig workers not recognised by three of the four recently passed labour codes? Shedding light on the problems that food delivery app workers have been facing in the post-pandemic period in India, NILABHRA BHATTACHARYA advocates for gig workers’ recognition under all the labour codes that were passed by the Parliament in 2019 and 2020 to provide them minimum labour protections and rights. RECENTLY, the food delivery apps Swiggy and Zomato...

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