-The Hindu The fundamentals of the game have to change as they currently favour Wealthy investors and not workers and tiny enterprises India has an incomes crisis: incomes of people in the lower half of the pyramid are too low. The solutions economists propose are: free up markets, improve productivity, and apply technology. These fundamentals of economics must be re-examined when applied to human work. Three solutions Economists say markets should be freed up...
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Coal Auction: Independent Analysis Reveals All 42 Companies Violate Norms, Suggests Proper Test -Sumedha Pal
-Newsclick.in An assessment by the Environics trust and the Mineral Inheritors Rights Association shows that not even a single company qualifies the fit and proper person test often used by international agencies as a benchmark for a place in the bidding process of natural resources. For the first time in five decades, India’s coal reserves are up for grabs to private sector bidders. The auction for 38 coal blocks is currently underway....
More »Credit Suisse report: ‘Despite Covid, Wealth of Indian adults rises marginally in 6 months’
-The Indian Express Over the first half of 2020, while average Wealth rose by only 1.7 per cent, Credit Suisse estimated that the full rise for 2020 will be 5-6 per cent and 2021 will see growth of about 9 per cent. The average Wealth of Indian adults rose marginally by $120 (about Rs 8,800) to $17,420 (Rs 12.77 lakh) at end-June 2020, as against $17,300 as of December 2019, showing some...
More »Briefing Note for Parliamentarians on Labour Law Reforms
-Press release by Working Peoples' Charter dated 21st September, 2020 Amidst the micro and macro-economic crisis of the last 5 years, the union government has aggressively pushed the agenda of labour law reforms -- purportedly to simplify India’s ‘complex’ labour legislations, improve the business environment, and augment growth and employment. These changes, driven primarily by the business fraternity, have been aimed at improving India’s ranking in the ‘Ease of Doing Business’...
More »Climate Migration primarily in middle income, agri-dependent countries: Study -Akshit Sangomla
-Down to Earth Study can go long way in pinpointing future hot spots for climate-induced migration Human migration due to changing climate happens primarily in middle income and agricultural-dependent countries, a new study published in the journal Nature Climate Change on September 14, 2020, has said. The impacts of climate change that caused migration of people were mainly changes in temperature, rainfall variability and rapid onset events like storms, cyclones and floods, the...
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