Govt can help by raising public spending on healthcare The Indian Pharmaceutical Alliance, which represents a large section of the country’s pharmaceutical companies, has taken the rather unusual step of asking the government to come to the aid of the industry, which has seen a string of foreign acquisitions of Indian players. None of these acquisitions is hostile. So, where does the government come in, particularly when there is no...
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Workers plan massive protest on jobs, prices
The trade union leaders say workers will not stop work, but will attend the demonstrations before or after their shifts Millions of workers will be on the streets across India on Wednesday, picketing and holding rallies to protest rising prices and job losses, officials said, though there may be little impact on production. Four major trade unions, including those affiliated with the ruling Congress party and those with the opposition...
More »Employers let temporary workers go first during economic crisis – UN report
Workers who found jobs through temporary employment agencies were among the first to find themselves out of work as a result of the global financial and economic crises, according to a new United Nations report released today. The International Labour Organization (ILO) report noted that the largest number of temporary job losses was recorded in the manufacturing sector of developed countries, especially in the car industry. Spotlighting Germany, where between...
More »Rising prices: What is the govt doing? by Paranjoy Guha Thakurta
The spectre of inflation has returned to haunt India. It is not even six months since the United Progressive Alliance (UPA) government returned to power but its inability to control food prices is arguably its single biggest failure till now. The inflation rate will eventually come down sometime in the (hopefully) not-too-distant future and the government will surely take credit for bringing prices down as and when that happens. But...
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KEY TRENDS • In 2017-18, 24.8 percent of rural working-age men and 74.5 percent of rural working-age (viz. 15-59 years) women were not employed. In urban areas, 25.8 percent of working-age men and 80.2 percent of working-age women were not employed AB • Both the Periodic Labour Force Survey (PLFS) and the Consumer Pyramids Survey of the Centre for Monitoring the Indian Economy (CMIE-CPDX) report the overall unemployment rate to be around 6 per cent in 2018,...
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