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40% contractual staff jobless in Noida

-The Times of India NOIDA: More than 40% of contractual workers have been laid off from Noida's garment industry in the past 40 days after demonetisation was announced. Gautam Budh Nagar district labour department and workers' associations confirmed that while many garment export and manufacturing units have started pulling down shutters, many people who work on a contractual basis have been rendered jobless. Noida has 1,800 garment manufacturing and export units. Of...

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Time for a policy shift -Bishwanath Goldar & Arup Mitra

-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...

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A tiny town in West Bengal is turning waste into piles of wealth -Snigdhendu Bhattachaya

-Hindustan Times Chinsurah, West Bengal: A 163-year-old municipality administering a small town in West Bengal has shown the world how to manage solid waste in an eco-friendly way, potentially giving urban planners and administrators the key to tackling one of the biggest civic problems. The initiatives of Uttarpara-Kotrung municipality helped the Kolkata Solid Waste Management Improvement Project win a global award, defeating nearest contenders Auckland and Milan in urban solid waste management...

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45,000 workers lose jobs in F'bad units -Bijendra Ahlawat

-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...

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R Nagaraj, an economist and currently a professor at the Indira Gandhi Institute of Development Research in Mumbai, interviewed by Kedar Nagarajan (Caravan Magazine)

-Caravan Magazine On 8 November 2016, Prime Minister Narendra Modi made an announcement declaring that notes of Rs 500 and Rs 1,000 would not be legal tender as a part of his government’s policy to clamp down on counterfeiting and black money. It has been widely reported that this policy would directly impact the real-estate sector, which typically witnesses a significant amount of transactions that are made through cash to avoid...

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