-The Hindu/PTI It says irregularities have been reported regarding changes to the data in the Doing Business 2018 and Doing Business 2020 reports. The World Bank on Thursday said it has decided to pause the publication of its Doing Business Report following a number of irregularities regarding changes to data in previous reports. “A number of irregularities have been reported regarding changes to the data in the Doing Business 2018 and Doing Business...
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Punjab Latest to Effect Labour Reforms; ‘Race to the Bottom’ in Labour Standards, Says Expert -Ronak Chhabra
-Newsclick.in Sundar believes this will result in the creation of “regional labour markets”, which will lead to “a race to reach the bottom of labour standards” among the states. The Congress-led Punjab government will soon bring an ordinance and become the latest state to effect labour law reforms, including eased retrenchment norms in the state, in a move that can be seen as following in the BJP’s footsteps to jump ranks in...
More »How come companies have money for PM Cares fund, but not for their staff? -Vivek Kaul
-Newslaundry.com Any company in India wanting to do business without being disturbed needs to be in the good books of the government. In the post-Covid world, companies are looking to cut costs in order to survive. They have been doing so in various ways. Some of the popular ways in the Indian context are: 1) Cutting salaries of employees. 2) Putting any fresh recruitment on hold. 3) Putting increments on hold. 4) Putting variable payouts on...
More »Explained: Why the govt wants to change the definition of MSMEs -Udit Misra
-The Indian Express A change in definition is expected to improve their ease of doing business and help create more jobs. It has been reported that the government will soon change the way it defines the micro, small and medium enterprises (MSMEs). “We will have one meeting and then finalise it (changes to MSME definition),” Union Minister Nitin Gadkari told news agency PTI, adding that extensive changes will be made soon....
More »Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...
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