-The Times of India About a quarter of India's labour force, some 11 crore people, work in non-farm enterprises that can broadly be described as the unorganised sector. Of these 6.3 crore enterprises, none are covered under the Companies Act or Factories Act. In fact, more than two thirds are unregistered. These are not some fly by night vendors — 82% operate from homes or permanent structures outside homes, 98% are open...
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Informal sector: Gujarat's rural workers earn twice as much as urban labourers -Tina Edwin
-The Hindu Business Line Urban-rural wage gap highest in the North-East and northern States New Delhi: That rural employment, particularly in the informal sector, will fetch lower incomes, does not always hold true. In fact, hired workers in the informal sector in rural Gujarat earned twice as much as their counterparts in urban areas, a recent report of the National Sample Survey Organisation show. Hired workers in rural Gujarat’s informal sectors earned about...
More »Social impact of demonetisation may have been greater: World Bank
-The Hindu Greater data availability, especially on labour markets, needed to better gauge social impact of such policies The World Bank has said the social impact of demonetisation may have been greater as the informal economy was likely to have been hit especially hard. However, the Bank said the impact of demonetisation on the informal economy was difficult to measure and greater data availability, especially on labour markets, is needed to...
More »Waiving loans doesn't end the distress -Rajalakshmi Nirmal
-The Hindu Business Line The solution lies in better prices for produce, generating non-farm income, and reducing costs of farming After the Yogi Adityanath government waived farm loans of about ?36,000 crore for UP farmers, pressure has mounted on other States to follow suit. But contrary to common belief, debt waivers aside from possibly guaranteeing electoral victory, do little to alleviate the plight of farmers. Neither do they help kick-start the rural...
More »The call for a large safety net -Somesh Jha
-The Hindu Social security cover for all, even informal workers, is an ambitious target for the Centre and stumbling blocks pave its path. The Union government on Thursday proposed an ambitious law to provide social security net to the 47.41 crore-strong workforce of the country. The proposed code on ‘Social Security and Welfare’ intends to make a drastic shift in the social security framework of the country from an employment-based approach to a...
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