-Press release by Azim Premji University dated October 13, 2022 New Delhi & Bangalore, October 13: About 39 percent of all jobcard-holding households interested in working under the Mahatma Gandhi National Rural Employment Guarantee Act 2005 did not get a single day of work in the Covid year of 2020-21. Also, on average, only 36 per cent of households that worked received their wages in 15 days, showed a survey of...
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Rationale behind raising interest rates -Sashwath Swaminathan nd Anand Srinivasan
-The Hindu A critical facet of the consequences of an interest rate increase is the correction of asset prices. Interest rates act as gravity to stock market prices The Federal Reserve and other central banks around the world have raised interest rates to curb inflation. The rationale behind raising interest rates is that the cost of borrowing rises whenever they are raised, and the incentive to save and invest rather than consume...
More »Quality of work matters, and not just job creation
Contrary to the rising economic distress on the ground since the last few years, the official press release related to the fourth Annual Report on the Periodic Labour Force Survey (PLFS) at first glance seems to give a rosy picture about the employment situation in India. Defined as the percentage of persons unemployed among the persons in the labour force, the unemployment rate in usual status (principal activity status + subsidiary economic activity status)...
More »Activists Flag ‘Erosion of Confidence’ in MGNREGA for Drop in Job Demand -Ronak Chhabra
-Newsclick.in Kicking off a 3-day nationwide campaign on Wednesday, NREGA Sangharsh Morcha cited “derisively low budget allocation” and “long delays in wage payments” as reasons for turning many rural workers away from the employment guarantee scheme. New Delhi: Days after the Centre cited the drop in demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) to suggest stability in the labour market, rural workers and social activists, as...
More »Dropping out: Editorial on India Discrimination Report 2022
-The Telegraph The women’s labour force participation rate, which measures the proportion of women in the age group of 15 to 64 who are working or are actively seeking work, has been estimated to be 25.1 per cent India Discrimination Report 2022 has been recently published by Oxfam. The data used in this report are drawn from the National Sample Survey, Periodic Labour Force Survey, and the All India Debt and Investment...
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