-ThePrint.in Greater formalisation will see a shift from low-paying, labour-intensive jobs in informal sector to more productive, formal-sector jobs. This could lead to disruption in short term. A report issued by the State Bank of India (SBI) last month estimated that India’s informal economy has shrunk to 15-20 percent of the GDP in 2020-21 from 52 percent in 2017-18. The report uses employment and digitisation to assess the extent of formalization in...
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Excise duty relief on petrol, diesel to cost ₹45,000 cr to exchequer: Nomura
-PTI/ Livemint.com Nomura expects India's fiscal deficit to come at 6.5 per cent as against the earlier expectation of 6.2 per cent and underlined that it will still be lower than the budgeted 6.8 per cent target The excise duty cuts on diesel and petrol will cost ₹45,000 crore and lead to a 0.3 percentage point widening on the Centre's fiscal deficit, a foreign brokerage said on Thursday. Going by the overall consumption,...
More »India staying out of major climate pledges at COP26: Officials argue varied reasons -Subhayan Chakraborty
-MoneyControl.com While India has been one of the earliest and key signatories of multiple global environmental agreements, it has given a wide berth to three major initiatives. Officials tell Moneycontrol why that's been the case. Despite surprising large segments of the global community and climate experts by announcing major commitments, India has till now stayed away from all the major pledges at the COP26 climate summit in Glasgow. Early on Thursday, the UK...
More »Around 5 crore MGNREGA workers and their families will have to spend their Diwali without food & sweets due to pending wages
-Press release by Peoples' Action for Employment Guarantee dated 3rd November 2021 About 8 crore NREGA payments are pending as on November 3, 2021 according to Report 8.1.1 of the NREGA Management Information System (MIS). This means, for nearly 5 crore workers across the country this will be a Kali Diwali. Following the raging debate about NREGA funds running out with 5 months remaining, the People’s Action for Employment Guarantee (PAEG)...
More »Not just Global Hunger Index, India’s own govt data shows how worried we should be -Siraj Hussain and Jugal Mohapatra
-ThePrint.in The Modi government has questioned the methodology of the Global Hunger Index. But undernutrition is one of the leading factors of child mortality in India. In India, malnutrition is not uncommon even in economically well-off sections of the population. It must be understood that malnutrition is not just hunger. It also includes: * Undernutrition –which includes wasting (low weight for height), stunting (low height for age), and being underweight (low weight for...
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