-BusinessToday.in On month-on-month basis, employment declined by 0.9 per cent or 3.5 million in November, as against 0.1 per cent or 0.6 million fall registered in October Employment in India contracted for the second consecutive month in November, raising questions on the recent optimism around recovery in job markets in the aftermath of COVID-19 Pandemic. In November, the count of the employed fell by 0.9 per cent or 3.5 million, as against...
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Corinne Vargha, director of the ILO’s International Labour Standards Department, interviewed by Nileena MS (CaravanMagazine.in)
-CaravanMagazine.in In May 2020, 10 central trade unions jointly wrote twice to Guy Ryder, the director general of the International Labour Organisation, drawing attention to the plight of migrant workers during the COVID-19 crisis as well as the government’s dilution and suspension of labour laws. In May, several states—including Uttar Pradesh, Madhya Pradesh and Gujarat—introduced sweeping changes in labour laws such as increasing the working hours from eight to 12. The...
More »The dangers of misplaced optimism -CP Chandrasekhar
-The Hindu The government’s economic recovery hype is off track and this is not a time for fiscal conservatism Preliminary evidence that India’s economy contracted by 7.5% in the second quarter of financial year 2020-21 was, as news, both good and bad. Good because that figure is far lower than the 23.9% contraction registered in the first quarter of this financial year. Bad because a 7.5% second quarter contraction is high both...
More »The ground has fallen out from beneath the farmer’s feet -KTS Tulsi and Tanessa Puri
-The Hindu The Farm Acts are farmer-unfriendly and in violation of important constitutional safeguards Amidst the novel coronavirus Pandemic, Indian farmers have marched their way to New Delhi. The reason behind the protest is a request to repeal the recently passed Farmers’ (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act, the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act and the Essential Commodities (Amendment) Bill. Akin to stock trading All...
More »Questionable data, little room for exuberance -R Nagaraj
-The Hindu Using the latest quarterly estimates to point to an economic rebound seems flawed; recovery is likely to remain modest The decline in the quarterly GDP growth rate, by 7.5% during July-September 2020 (FY 2020-21: Q2), compared to a 24% decline in the first quarter has raised expectations of a sharp economic recovery after the novel coronavirus Pandemic and the national lockdown. But is such optimism justified? A tracker India’s GDP at current...
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