-Down to Earth The use of tax incentives to attract investments is prevalent around the world. However, there is no definitive data on the global magnitude of incentives granted because not all countries collect and publicly report such data and there is no common methodology for reporting across all countries. Rough estimate by Action Aid (2013) pegs the incentives granted by developing countries from corporate income tax (CIT) at $138 billion....
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RBI raises limit for collateral-free agri loans to Rs.1.6 lakh from Rs.1 lakh
-The Hindu Business Line In the wake of the government announcing direct income support of ?6,000 per year for small and marginal farmers in the interim Budget on February 1, the Reserve Bank of India, on Thursday, raised the limit for collateral-free agriculture loans to Rs.1.6 lakh from Rs.1 lakh. The central bank said the increased limit will enhance coverage of small and marginal farmers in the formal credit system. The circular...
More »Gig Economy has jobs, but long hours, no security and little pay -Nidheesh MK
-Livemint.com * In Kerala, the online Economy taps into a labour pool willing to take up transient jobs due to lack of better options * The gig industry is defined as a labour market characterized by the prevalence of short-term contracts or freelance work as opposed to permanent jobs ERNAKULAM: The city was fast falling asleep. In home after home, bright porch lights were being turned off behind closed gates. Down an empty...
More »How Maternity Benefits Can Be Extended to Informal Women Workers -Dipa Sinha and Sudeshna Sengupta
-TheWire.in The proposed Social Security Code, which brings together fifteen labour laws, is an opportunity to think afresh about the challenge of supporting new mothers – even in the informal Economy. Maternity entitlements in the form of wage compensation during pregnancy and after delivery is an internationally accepted right for all women workers. It is also recognised as a supportive mechanism for exclusive breastfeeding, critical for child nutrition and well-being. The legislative...
More »Education and Employment Drew Blanks in the Interim Budget -Kiran Bhatty
-TheWire.in The new vision wants youth to figure out education and skills on their own but still expects them to be the drivers of economic progress. Piyush Goyal, presenting the interim budget, called it a road map for peoples’ development – a fitting description for an election year budget. Accordingly, it contained the expected sops to farmers (income support), to the middle class and home owners (increase in income tax and rental...
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