-The Economic Times blog In every Union Budget presentation, agriculture is given a place of prominence. This is not surprising, given that 50% of India’s population is dependent on agriculture. Budget 2017 was no different. Both the Economic Survey and the Budget speech stressed heavily on improving agricultural infrastructure and augmenting farmer incomes. The key drivers expected to set this off are areas such as investment in irrigation infrastructure, development of mandis...

-The Hindu Business Line The effectiveness of the revised Maternity Benefit Act depends on its proper implementation India now lags only Canada and Norway in the level of maternity benefits such as paid time off work extended to women. India’s statutory maternity leave is now the third best in the world and is certainly something to be proud of. However, the law is no assurance that the situation of working women will...

-The Hindu For the third child, the maternity leave entitlement will only be for 12 weeks. Calling it a ‘humble gift’ to women in India, Labour Minister Bandaru Dattatreya welcomed the Parliament nod to the Maternity Benefit (Amendment) Bill, 2016. Women working in the organised sector will now be entitled to paid maternity leave of 26 weeks, up from 12 weeks. The bill will benefit about 1.8 million women. The new law will...

-The Hindu The unorganised manufacturing sector should be reoriented towards non-household units to provide efficiency gains. Ever since E.F. Schumacher, a British economist, published in 1973 his book Small is Beautiful, implying that small units are better in terms of performance indicators and labour absorption, several studies have endorsed the same idea and argued in favour of promoting small units. Stretching the argument a little further, it may be emphasised that small...

-The Tribune Industries reduce number of shifts as sales fall Faridabad: Industrial units here have started laying off the excess employees, courtesy demonetisation. In the past one month since Rs 500 and Rs 1,000 notes were declared invalid, around 45,000 employees, mostly contractual, have reportedly lost their job in this industrial city. A large number of employees who received their salaries through cheque are still waiting to cash it due to delay in...