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A lesson from China on gig workers’ rights -Sowmiya Ashok

-The Hindu The swell of public opinion in China has enabled government regulation and change in company policy On September 20, 2021, the Indian Federation of App-based Transport Workers, on behalf of gig workers, filed a public interest litigation in the Supreme Court demanding that the Union government provide succour to workers affected by the pandemic. The petition has asked for ‘gig workers’ and ‘platform workers’ to be declared as ‘unorganised workers’...

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Accounting regulator raps ‘EY arm’s’ audit of IL&FS firm

-The Hindu 'Understatement of losses runs up to more than ₹2,000 crore’ The National Financial Reporting Authority (NFRA) has rapped ‘EY group firm’ SRBC & Co. LLP for failing to detect several problems in the IL&FS group’s transport venture while undertaking its statutory audit in 2017-18. The auditor’s lapses had led to losses being understated by more than ₹2,000 crore, incorrect treatment of letters of comfort of ₹2,654 crore and improper valuation of...

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Q1 GDP: Trade, hotel and transport segment clocks 34.3% growth in Q1 -Shreeja Singh

-Moneycontrol.com The sector entered the positive terrain after declining for four quarters in 2020-21. Trade, hotel, transport, communication and services related to broadcasting reported a growth in the first quarter of FY22 as per the data released by National Statistical Office (NSO).  Trade, hotel, transport, communication & services related to broadcasting clocked a growth of 34.3 percent in the April-June quarter. Please click here to read more.  Kindly click here to access the press note...

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How local businesses in Bengaluru IT hubs have been badly hit due to WFH -Luke Koshi

-TheNewsMinute.com From eateries to PG hostels and transportation, many businesses in and around the IT hubs have been severely hit with most employees working from home. Gajanana owns a khanavali (a place that serves north Karnataka-style meals) close to Manyata Tech Park in Bengaluru and has been struggling to keep his eatery afloat after the pandemic struck. His business took a drastic hit after most of the IT firms made work from...

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Tackling India's structural vulnerability in agriculture -Sushma Vasudevan and Aparna Bijapurkar

-The Hindu Business Line A sustainable collectivisation of agri produce and marketing, through Farmer Producer Organisations, will help the highly fragmented agriculture sector realise its full revenue potential. It is widely known that India’s agriculture sector has a challenge of lack of scale. Around 80 per cent of our farmers are small and marginal, with less than two hectares of land. Farmer Producer Organisations (FPOs) have been posed for years as the...

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