-IndiaSpend.com The government has said that the economic impact from the second Covid-19 wave will be less than that of the first. But economists point to signs of a growing rural economic crisis, and call for urgent relief measures to ward off long-term damage. Siolim, Goa: Ramesh Ram, 31, is listed as a textile industry staff worker in the administration's database of migrant workers in south west Bihar's Kaimur district. But for...
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Covid-19 Surge: Will India Witness A Second Exodus Of Migrant Labourers? -Lola Nayar
-Outlook India If talks of lockdown turn into reality and if it gets implemented for a month or more, then a reverse migration of daily wage labourers can be expected from impacted cities, say experts Mixed signals from some of the states like Delhi, Maharashtra, Karnataka among others is giving rise to concern that a repeat of last year’s exodus of migrant labourers during the extended lockdown would once again impact operations...
More »To create jobs, an industrial policy focused on labour-intensive industries is key -Santosh Mehrotra
-Hindustan Times These sectors deserve consistent support over time to compete internationally since India is lagging behind Manufacturing contributed in 2017 only about 16% to India’s GDP, stagnating since economic reforms began in 1991. By contrast, in east and south-east Asia, the industry share has exceeded 30-40% while manufacturing is 20-30%. India’s manufacturing share of GDP has not moved up at all, though between 2004-05 and 2011-12 manufacturing employment growth was...
More »Govt hikes import duty on 32 types of textile goods
-The Times of India NEW DELHI: The government on Tuesday raised import duty on several textile products, including garments, scarves and carpets, as part of its plan to protect domestic manufacturers and support the ‘Make in India’ initiative. The tariff hike on 32 product categories comes after recent increases across several sectors, from mobile phone to TV sets and toys. A few weeks ago, the government had increased import duty on some...
More »New EPF enrolment during Sep., 2017 to Apr., 2018 confined to a few industries & states, indicates data
A document of the Ministry of Statistics and Programme Implementation (MoSPI) dated 25th June, 2018 says that the number of members subscribing to the Employees' Provident Fund (EPF) scheme gives one an idea of the level of employment in the formal sector viz. mostly employment in establishments employing 20 or more persons (though EPF is applicable for certain organisations, which employ less than 20 persons, subject to certain conditions and...
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