-The Telegraph New Delhi: The Rashtriya Swayamsevak Sangh's labour arm has walked out of the countrywide strike that 11 unions had called on September 2 to press for a 12-point charter of demands. A recent government survey had ranked the Bharatiya Mazdoor Sangh (BMS) as India's largest trade union body with a membership of 62 lakh. Congress-affiliated Intuc came a distant second with 39 lakh members while the CPI's labour wing, Aituc,...
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Labour reforms: Talks fail, unions to strike on Sept 2
-Hindustan Times Central trade union leaders on Wednesday refused to withdraw their nationwide strike call for September 2 to protest against proposed labour reforms, after their meeting with a group of ministers (GoM) failed to make any headway. The GoM, headed by finance minister Arun Jaitley, will meet the union leaders again on Thursday to break the logjam and deliberate on their demands, senior labour ministry officials told HT. The 12-point charter of...
More »Minimum wages act: With eye on basic wage rate, Centre plans amendments -Surabhi
-The Indian Express The objective is to ensure that a standard minimum wage rate exists for all kinds of occupations. The government is seeking to significantly boost incomes of the country’s lowest paid workers by substantially raising the minimum wages payable to them, mandating payments through formal banking channels and ensuring they get social security benefits like provident fund and medical insurance. Fresh amendments are being readied to incorporate these changes to...
More »Swaminathan MSP: Solution to Agrarian Crisis and Farmers’ Distress? -Ranjit Singh Ghuman
-Economic and Political Weekly Farmers' unions and political parties have been demanding the implementation of the Swaminathan minimum support price (cost plus 50%) to address agrarian crisis and farmers' distress. But they have not raised demands for the implementation of the recommendations of the National Commission on Farmers, which have the potential to provide lasting solutions. Ranjit Singh Ghuman (ghumanrs@yahoo.co.uk) is a Nehru SAIL Chair Professor, Centre for Research in Rural and...
More »Forget Inflation Targeting -Prem Shankar Jha
-The Indian Express It has only managed to kill manufacturing and employment growth In the 1950s, misapplied economic policies gave India one of the lowest growth rates in the world for 30 years, and left it behind East and Southeast Asia. Now another set of policies is completing its economic ruin. The architect of this is the RBI and its instrument of choice, the interest rate. Indian business has been begging for a...
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