-The Hindu Business Line Millions of urban Indian residents are struggling without livelihood opportunities. A national urban employment scheme needs to be put in place immediately At long last — and more than a year after the need for such a scheme became obvious — a Parliamentary committee has recommended the institution of an urban employment scheme at the national level. The Standing Committee on Labour stated in its report of August 3,...
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Parliamentary panel recommends money in banks, social security measures for informal workers
-The Hindu ‘Pandemic has made matters worse for women, the young, self-employed, migrants’. Direct transfer of money into bank accounts of informal workers and an urban employment guarantee scheme were among the recommendations of the Parliamentary Standing Committee on Labour in its report on the impact of the pandemic on rising unemployment and job loss. The report, which was presented in the Lok Sabha and tabled in the Rajya Sabha on Tuesday, said:...
More »The neoliberal reforms of 1991 didn’t work as claimed -Jayati Ghosh
-Macroscan.com/ Livemint.com There is a common trope, fed especially to generations born after 1991, that economic progress and modernization in India really occurred only after ‘liberalizing’ economic reforms were introduced three decades ago. This is a travesty of the truth. Certainly, conditions for most Indians have improved since that watershed year. Per capita income went up more rapidly than before, life expectancy went up, infant and maternal mortality decreased, income poverty...
More »Growth matters but income levels matter more -M Suresh Babu
-The Hindu India needs a sharp revival of demand for which higher per capita incomes are necessary The provisional estimates of annual national income (2020-21), released on May 31 by the National Statistical Office, did not have any surprises, but for one, that is, there is nothing encouraging in the numbers. The agriculture sector continued its impressive growth performance, reiterating that it still remains as the vital sector of the economy, especially at...
More »Trade unions, industries paint a grim picture of employment scenario -AM Jigeesh
-The Hindu Business Line Trade union seeks urgent measures to alleviate pain of joblessness, drastic fall in income Trade unions and industrial associations painted a grim picture of the unemployment scenario in the country at a recent meeting of the Labour Standing Committee. The trade unions demanded urgent measures such as direct cash transfers to address job loss and wage loss, while the representatives of industries demanded a re-look at the current...
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