-ThePrint.in Greater formalisation will see a shift from low-paying, labour-intensive jobs in informal sector to more productive, formal-sector jobs. This could lead to disruption in short term. A report issued by the State Bank of India (SBI) last month estimated that India’s informal economy has shrunk to 15-20 percent of the GDP in 2020-21 from 52 percent in 2017-18. The report uses employment and digitisation to assess the extent of formalization in...
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‘Process is punishment, govt loves paper’: MSMEs call out unease of doing business in India -Nikhil Rampal
-ThePrint.in Entrepreneurs on social media have been listing pain points of sustaining businesses in India, noting the many compliances and how digitisation hasn't made processes particularly easy. New Delhi: Multiple compliances, large volume of paperwork and a hostile environment are some of the reasons behind the unease of owning small businesses in India, according to entrepreneurs in the country. Several such entrepreneurs took to social media in the past two days to air...
More »Modinomics’ Legacy ― Labour Traffic Now Flows From Factories to Farms -MK Venu
-TheWire.in The ‘vikas’ train has begun to chug the wrong way, as it were. A worrisome aspect of the Indian economy is reflected in the share of employment in agriculture dramatically rising from 42.5% of the total employed in 2018-19 to 45.6% in 2019-20. This may signify an unusually large movement of labour from industry or services sectors to agriculture. The total number of persons employed in India varies between 400 million and...
More »Prices of daily essentials spike by up to 40% -Sangeetha Chengappa
-The Hindu Business Line Hike leads to 5% increase in average monthly household spend, says report Bengaluru: Prices of daily essentials and groceries in India have risen by up to 40 per cent. Consequently, monthly average household spend on essentials and groceries has gone up by 5 per cent since the April-June quarter of 2020, reveals a report by Ratan Tata-backed retail digitisation start-up SnapBizz. The report highlights that the FMCG price inflation...
More »The promise and perils of digital justice delivery -Tanmay Singh and Krishnesh Bapat
-The Hindu Phase 3 of the e-Courts project can harness technology for service delivery without increasing surveillance risks In popular perception, Indian courts are not associated first with the delivery of justice, but with long delays and difficulties for ordinary litigants. According to data released by the Supreme Court in the June 2020 newsletter of the e-Committee, 3.27 crore cases are pending before Indian courts, of which 85,000 have been pending for...
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