-Livemint.com India’s new draft labour codes, which envisage a shorter work week, may offer some flexibility to a small section of the country’s workforce. But it is not going to reduce working hours in a country that has among the longest working hours in the world For white collar workers who have made an easy transition to working from home, the prospect of a four-day work week, as proposed by India’s new...
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Expenditure secy: Chose capex over handouts, will trigger growth -Aanchal Magazine
-The Indian Express Somanathan said the government is trying to reach the target group of unskilled and semi-Skilled Workers through increased government expenditure in the construction sector. Working with a “constrained resource envelope” in the aftermath of the Covid-19 pandemic ahead of Budget 2021-22, the government essentially had to make a choice between two policy options: handouts and capital expenditure. “We chose capex,” TV Somanathan, Expenditure Secretary, Ministry of Finance, told The...
More »The Problem with International Migration from India -Gian Singh
-TheCitizen.in The losses outweigh the gains A report released on January 15 by the United Nations Department of Economic and Social Affairs estimates that India has the highest number of international migrants in the world. It found that last year 18 million Indians were living abroad, followed by Mexico 11 million, Russia 11 million, China 10 million, and Syria 8 million. It estimates that 10 million or 1 crore Indians emigrated abroad...
More »Promise and pitfalls of new labour deal -Amir Ullah Khan
-Livemint.com * Some labour code changes are already in effect in Rajasthan and Gujarat. They offer a glimpse of what may unfold * It may be more relevant to look at the model put in place by states which went down this path several years ago: Rajasthan and Gujarat. The early indications are not very encouraging HYDERABAD: The new labour laws are meant to make doing business easier in India. Naturally, the industry...
More »New report by American Bar Association exposes the dark underbelly of Indo-US sandstone trade
Often exports made by a country to the rest of the world are seen in a positive light by us. It is because exports not only earn precious foreign currencies (that can be used for importing goods and services or simply be used for building forex reserves), it also helps in generating effective demand for goods and services produced in that country and hence, contributes to economic or GDP growth....
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