-The Hindu An SBI Research study’s claim that there is greater formalisation of the economy is unfounded According to a recent State Bank of India (SBI) Research report, the informal economy in India has been shrinking since 2018. Formalisation, the report says, has taken place through the gross value-added (GVA) route, consumption through increased digital payments, and the employment route. Let’s examine each of these. The report claims that the share of the...

-The Hindu Why are farm unions seeking a minimum support price for all crops? What are the terms of the committee set up to look into their demands? The story so far: After a year-long agitation on the borders of Delhi, protesting farm unions under the banner of the Samyukt Kisan Morcha have achieved their headline demand, namely the repeal of three contentious laws seeking to reform the storage and marketing of...

-TheWire.in "Lack of funds results in suppression of demand for work and delayed payment of wages to workers. These are violations of the Act; they also constrain economic recovery." New Delhi: A group of 80 economists and other academics has written an open letter to Prime Minister Narendra Modi, requesting him to immediately release adequate funds for the Mahatma Gandhi National Rural Employment Guarantee Act. As employment and wage levels struggle to...

-Newsclick.in It is the first significant reverse suffered by the government, which is promoting neoliberalism at breakneck speed. The announcement of the repeal of the three farm laws almost a year after farmers launched a massive movement against the Narendra Modi government’s contentious decision in which 671 protesters lost their lives is a setback to the neoliberal move, which intended to further corporate encroachment in agriculture. The organisations leading the struggle have argued...

-Newsclick.in BJP wants to turn farmers into daily wage workers in the corporate sector, says the author of the report that analyses the economic status of farmers who died during the ongoing protests. On 26 November 2020, waves upon waves of farmers descended upon India’s Capital. Barricaded from entering Delhi, they pitched tents at three border crossings on the outskirts of the city. They have resolutely stayed there since then, braving the...