-Newsclick.in The latest discussion over the Codes, if true, clearly indicates a crucial shift in the position of the Central government. What does this shift mean for Trade unions, which have given a call for two-day nationwide strike on February 23 and 24. New Delhi: On Wednesday, a major Indian business newspaper reported that the Union Ministry of Labour and Employment was considering introducing the four controversial Labour Codes in a staggered...
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Tale of two Indias: Income of Poorest 20% Tanks 53% in 5 years, Richest 20% Rises 39%
-Newsclick.in The poorest, whose annual income surged by 183% between 2005 and 2016, have been most impacted by COVID-19, shows survey In a K-shaped economic recovery since COVID-19 hit India, there was a massive plunge of 53% in the annual income of the poorest 20% of Indian households from 2015-16 to 2020-21. Besides the drastic fall in their annual income, which was rising since 1995, the share of the poorest 20% in...
More »Dropping the ball on growth and jobs -Santosh Mehrotra
-Financial Express The state desperately needs a strategy for labour-intensive manufacturing; the attacks on cattle-Trade have knocked down its once-thriving leather industry In 1955, the share of population below the poverty line (NSS 1955) in Uttar Pradesh was 64%, not too different from that in the Madras State (present-day Tamil Nadu), at 73.6%, or in West Bengal, at 53.6%. Four decades later, in 1993-94, while India’s poverty rate was 45.3%, UP’s was...
More »Trade unions allege irregularities in CEL disinvestment -AM Jigeesh
-The Hindu Business Line Complain to CAG of undervaluation, bid rigging and cartelisation The sale of the public sector Central Electronics Ltd to Nandal Finance and Leasing Pvt Ltd is under the radar of the Comptroller and Auditor General following a complaint of bid rigging by the joint platform of Trade unions, including the BMS. Though the CAG’s office is tight lipped about any action on the complaint, BusinessLine has learnt that it...
More »Are we overestimating the fiscal boost to the economy? -Roshan Kishore
-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let’s assume it takes a tonne of steel to build half a kilometre of road. Let’s also assume steel costs ₹1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year,...
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