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3 out of 4 workers in India fall in vulnerable employment category: ILO

-Business Today Apparently it is not just jobless growth that we should be worrying about. Rather, according to a new report by the International Labour Organization (ILO), a far greater concern is the fact that vulnerable employment is on the rise. According to the World Employment and Social Outlook: Trends 2018 report, while the global unemployment rate is expected to stabilize at around 5.5% over the next couple of years, the...

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Deceased farmers' kin march to Delhi to find their voice -Nikita Doval and Sayantan Bera

-Livemint.com Hundreds of farmers came to Delhi to tell their stories, but their problems are similar: crop failures, rising debt, losses from farming due to low crop prices leading to suicides New Delhi: A copy of the Telugu daily Sakshi, dating back to 2015, is M. Lakshmi Devi’s constant companion. The newspaper, a part of which is stained by tea, contains a report about the suicide of a debt-burdened farmer—her husband. “We had...

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Centre approves the merger, consolidation of public sector banks

-Scroll.in Principal Economic Advisor Sanjeev Sanyal said the government wants to reduce the number of PSU lenders to 10 to 15 from the current 21. The Union Cabinet on Wednesday gave its in-principle approval for the merger and consolidation of public sector banks, reported ET Now. The Cabinet gave the go-ahead to set up a mechanism to carry out such mergers. The move is aimed at improving the efficiency of public...

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Will farm loan waivers hurt the finances of Tamil Nadu and Uttar Pradesh? -Sruthisagar Yamunan

-Scroll.in While officials say waivers could jeopardise allocation for other key sectors, farmer unions and economists feel it is a necessity given the farming crisis. Developments in three states over the past week have brought the debate on the waiver of farm loans back under the political spotlight. In Uttar Pradesh, the newly-elected Bharatiya Janata Party government under Chief Minister Adityanath announced on Wednesday that it would write-off crop loans of up...

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Cashless bliss? Tea belt deflates dream -Avijit Sinha & Anirban Choudhury

-The Telegraph An indication of how far Narendra Modi could be from the dream of making India a predominantly cashless economy is available in a survey done by a tea planters' association in the Dooars, a tribal belt that employs lakhs of Bengal's workforce in tea estates. The survey done by the Dooars Branch of the Indian Tea Association (DBITA) in its 55 member gardens of the 80-plus estates dotting Japaiguri district...

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