-Scroll.in There was a loss of 12,000 jobs in the corresponding period in 2016. The manufacturing sector reported a loss of 87,000 jobs between April and June 2017, the sixth round of the Labour Bureau’s Quarterly Employment Survey shows. Of those who lost their jobs, 65,000 were men and 22,000 women. There was a loss of 12,000 jobs in the corresponding period in 2016. The survey, which looked at data from eight sectors...
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Employment-related payments get taxable -Lubna Kably
-The Times of India MUMBAI: The Income-tax Act is intricate — sometimes income received by an individual even if it relates to employment, does not fit within the technical definitions of 'salary' or 'profits received in lieu of salary'. Thus, very often, such income could not be taxed. Budget 2018-19 proposes to change this scenario. A wide range of income received — say non-compete payments (which sometimes did not fit the above...
More »Job and farm alert from Sangh outfits -JP Yadav
-The Telegraph New Delhi: Sangh parivar affiliates Swadeshi Jagran Manch and Bharatiya Kisan Sangh have urged the government to address joblessness and agrarian distress in the budget, sounding an alert before the 2019 general election campaign. The Manch, the Sangh's economic wing, has suggested the government shift focus and provide incentives to indigenous small-scale industries to generate more jobs. Farmer arm Bharatiya Kisan Sangh has advocated measures to make agricultural remunerative and demanded...
More »Pranab Bardhan, professor of graduate school in the department of economics at the University of California (Berkeley), interviewed by Devadeep Purohit (The Telegraph)
-The Telegraph The Left in Bengal had often criticised him whenever he red-flagged excessive local tyranny, and spoke about the industrial decline in Bengal. The incumbent ruling party may make tall claims about changes in Bengal since the Trinamul government came to power but he has been candid enough to suggest that he hasn't seen much change either in industrial expansion or in investment in infrastructure. Former Prime Minister Manmohan Singh has...
More »A misleading story of job creation -Praveen Chakravarty & Jairam Ramesh
-The Hindu India does not create 55 lakh new jobs every year, as claimed by a new report A recent research report titled “Towards a Payroll Reporting in India” authored by the Group Chief Economic Adviser of the State Bank of India and a professor from the Indian Institute of Management, Bangalore has caught the media’s and the Prime Minister’s fancy. Ostensibly, the main objective of the report was to make a...
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