-ThePrint.in Greater formalisation will see a shift from low-paying, labour-intensive jobs in informal sector to more productive, formal-sector jobs. This could lead to disruption in short term. A report issued by the State Bank of India (SBI) last month estimated that India’s informal economy has shrunk to 15-20 percent of the GDP in 2020-21 from 52 percent in 2017-18. The report uses employment and digitisation to assess the extent of formalization in...
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India’s Coal Crisis -CP Chandrasekhar
-NetworkIdeas.org In recent weeks the media have featured stories bordering on the alarmist about a coal shortage in India. Coal inventories with thermal power plants had fallen to levels at which major country-wide power outages seemed inevitable. Fortunately, that has not (as yet) materialized, but it is indeed true that coal inventories with the power producers did collapse from the equivalent of around 30 days requirement to that for a couple...
More »Excise duty relief on petrol, diesel to cost ₹45,000 cr to exchequer: Nomura
-PTI/ Livemint.com Nomura expects India's fiscal deficit to come at 6.5 per cent as against the earlier expectation of 6.2 per cent and underlined that it will still be lower than the budgeted 6.8 per cent target The excise duty cuts on diesel and petrol will cost ₹45,000 crore and lead to a 0.3 percentage point widening on the Centre's fiscal deficit, a foreign brokerage said on Thursday. Going by the overall consumption,...
More »TRIPS Waiver Proposal: Big Pharma Steering Discourse Away From Patent Monopoly -Richa Chintan
-Newsclick.in It appears the stage is being set to scuttle India and South Africa’s IP waiver proposal with regard to Covid vaccines and technology ahead of the 12th WTO Ministerial this month-end. At various global fora, Big Pharma and rich countries have been steadfastly pushing the focus toward supply-side bottlenecks of vaccines and unequal distribution of doses in a bid to steer the discourse away from the more contentious issue of patents...
More »Can the police in India force someone to hand over their phone and check their messages? -Umang Poddar
-Scroll.in A viral video of the Hyderabad Police stopping people in the street and looking through their devices has sparked concern about the legality of such methods. In several cases over the last couple of years, the police have highlighted WhatsApp chats found on phones to explain why they needed to keep people in custody. This strategy has been deployed most recently in narcotics cases involving Hindi film actress Rhea Chakraborty and Aryan...
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