There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...
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Big industries don’t observe uniform labour standards in India: Bharatiya Mazdoor Sangh at ILO meet -AM Jigeesh
-The Hindu BMS chief Hiranmay Pandya said workers face low wages, lack of job security and social security benefits, and had to suffer poor working conditions this year On the second day of the Asia Pacific Regional Meeting of the International Labour Organisation (APRM of ILO), representatives of workers and employers from India on Wednesday highlighted the employment situation in the country. While employers hailed the Union government’s steps to “help” workers...
More »No one should sleep empty stomach, govt duty to ensure foodgrains reach the last man, says SC
-PTI/ ThePrint.in A bench of Justices MR Shah and Hima Kohli directed the Centre to submit a fresh chart with the number of MIGrant and unorganised sector workers registered on eShram portal. New Delhi: It is our culture to ensure nobody goes to sleep empty stomach, the Supreme Court said on Tuesday and asked the central government to see to it that foodgrains under the National Food Security Act (NFSA) reaches the...
More »Supreme Court asks Centre what steps it has taken to ensure every MIGrant labourer gets food -Kanu Sarda
-India Today ‘It is the duty of the Central government to ensure food grains under the NFSA reach the last man. We are not saying that the Centre is not doing anything,’ the bench said. The Supreme Court on Tuesday asked the Centre to clarify what steps it had taken so far to ensure that every MIGrant labourer in this country gets food. A bench led by Justice MR Shah told Additional Solicitor...
More »Instead of Withdrawing Food Security, a Minimum Income Guarantee Is Needed -Santosh Mehrotra, Anjana Rajagopalan and Rakesh Ranjan
-TheWire.in A Minimum Income Guarantee would not just cushion exogenous shocks, but would arrest the process of vulnerability begetting vulnerability. While the worst of the pandemic is behind us, there has been a decline in general purchasing power amidst inflation. The provisional Consumer Food Price Index (combined for rural and urban) for September 2022 is pegged at 8.6%, a huge increase from 0.68% for September 2021. The latest Periodic Labour Force Survey (PLFS)...
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