Nearly 24 fatal accidents and 47 serious accidents have happened in various coal mines of the country during this year till 31st August. Likewise, 18 fatal accidents and 13 serious accidents have taken place in non-coal mines during the same time period. The accident figures are low this year in comparison to the previous ones thanks to a lower demand for output from these mines against the backdrop of COVID-19...
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Promise and pitfalls of new labour deal -Amir Ullah Khan
-Livemint.com * Some labour code changes are already in effect in Rajasthan and Gujarat. They offer a glimpse of what may unfold * It may be more relevant to look at the model put in place by states which went down this path several years ago: Rajasthan and Gujarat. The early indications are not very encouraging HYDERABAD: The new labour laws are meant to make doing business easier in India. Naturally, the industry...
More »India among worst performing economies in world; stimulus inadequate: Abhijit Banerjee
-PTI/ The Indian Express Speaking at a virtual event, Nobel Laureate Abhijit Banerjee said the country's Economic Growth was slowing down even before the COVID-19 pandemic hit. Nobel Laureate Abhijit Banerjee on Tuesday said India is among the worst performing economies in the world and the government’s economic stimulus was inadequate to tackle the problem. He, however, said that the country will see a revival in growth in the July-September quarter of...
More »Growth compulsions, fiscal arithmetic -C Rangarajan and DK Srivastava
-The Hindu The economic situation warrants enhanced government expenditure; the policy challenge is to minimise the growth fall India’s growth in the first quarter of 2020-21 at (-) 23.9% showed one of the highest contractions globally. Global growth prospects for 2020 have been projected by a number of multilateral institutions and rating agencies including that for India. The 2020-21 real GDP growth for India is forecast in the range of (-) 5.8%...
More »Briefing Note for Parliamentarians on Labour Law Reforms
-Press release by Working Peoples' Charter dated 21st September, 2020 Amidst the micro and macro-economic crisis of the last 5 years, the union government has aggressively pushed the agenda of labour law reforms -- purportedly to simplify India’s ‘complex’ labour legislations, improve the business environment, and augment growth and employment. These changes, driven primarily by the business fraternity, have been aimed at improving India’s ranking in the ‘Ease of Doing Business’...
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