-Down to Earth Eviction drives come shortly after the J&K High Court declared the Roshni Act, allowed ownership of occupied government land against a fixed am Nomads of Jammu and Kashmir — mostly from the Gujjar and Bakkarwal communities living in temporary sheds or mud houses in forests and mountains — are being allegedly forcibly evicted by the government. Several videos of hutments being demolished surfaced in November 2020, triggering outrage from...
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Firms show increase in profits even as sales fall -Vineet Sachdev
-Hindustan Times The average PE (price earnings) multiple of Sensex companies , which measures the price of a stock as a multiple of its earnings per share, has risen to 31.49 in the current month, the highest since 1998-99 . The BSE Sensex, India’s benchmark stock market index, reached an all-time high of 44,825 on Wednesday, November 25. There is reason to believe that speculation and external tailwinds, rather than strong fundamentals,...
More »Refining trade union strategies to strike a chord -KR Shyam Sundar
-The Hindu With labour law reforms set to change industrial relations, trade union responses must include social dialogue too Ten central trade unions (CTUs) have called for a nation-wide strike on November 26, 2020 to condemn what they consider to be the anti-people, and anti-labour economic policies of the government. This follows strikes in the coal and defence sectors protesting privatisation and the corporatisation policies of the government. It is essential to...
More »USD 271 bn consumer spending to shift from cash to cards,digital payments by 2023 in India:Accenture
-PTI/ The Hindu The report is based on a survey of 120 payments executives at banks globally regarding the transformation of their payments business About 66.6 billion transactions worth USD 270.7 billion are expected to shift from cash to cards and digital payments by 2023 in India, and further increase to USD 856.6 billion by 2030, a report by Accenture said on Tuesday. This rapid shift to digital payments due to the COVID-19...
More »The need for ‘maximum government’ -Rohit Azad
-The Hindu The current crisis has provided us with an opportunity to rethink our health, economic and climate policies In the new set of relief measures announced by the Finance Minister, job creation has moved to the forefront. This shows that the government has finally accepted that the unemployment rates are very high, a fact it has so far been suppressing or dismissing. This is a welcome change given its usual ostrich-like...
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