-Newsclick.in By all accepted standards, the official minimum wages in states are just enough to keep the worker alive. What they actually get is even less. Minimum wages of industrial workers in India are less than half of what a justifiable calculation – based on minimum calorific intake and the barest minimum of other expenses – suggests. While the central govt. using a well-accepted standard formula provides Rs.18,000 per month to its...
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Govt drops incentives given for UPI transactions -Mayur Shetty
-The Times of India MUMBAI: The government has prematurely withdrawn a scheme under which shopkeepers would get an incentive of up to Rs 1,000 for accepting payments using the Unified Payments Interface (UPI). Another one providing customers cashbacks of up to Rs 500 has also been withdrawn and replaced with a scheme that provides rewards of up to Rs 150 but only for Bhim app users. The move to withdraw the incentives...
More »Retail inflation at five-month high of 5% in June despite easing food prices
-PTI The Retail inflation based on Consumer Price Index (CPI) was 4.87 per cent in May. It was 1.46 per cent in June 2017. Retail inflation rose to 5 per cent in June, a five-month high despite easing food prices, government data showed on Thursday. The Retail inflation based on Consumer Price Index (CPI) was 4.87 per cent in May. It was 1.46 per cent in June 2017. The earlier high was in January...
More »Women hiring to dip over maternity leave; may cause 1.2cr job loss in FY19 -Namrata Singh
-The Times of India MUMBAI: A year ago, when the Maternity Benefit (Amendment) Act came into force, it was considered a landmark reform that positioned India among the top progressive nations, enabling women to stay in the workforce after childbirth. The well-intentioned amendment entitles working women to a 26-week paid leave, up from the earlier 12 weeks, something that progressive companies were already offering. With India’s women workforce participation rate dwindling from...
More »Working on skill deficit key to boost farm economy -Roshan Kishore
-Hindustan Times Unless the deficit is addressed, plans to improve incomes in the farm sector are unlikely to succeed According to the 2011 census, 45% of India’s workforce is engaged in non-agricultural activities i.e. professions other than cultivation and agricultural labour. This number diminishes by slightly more than two percentage points if one excludes two other primary sector activities: mining and plantations, forestry and fishing. Who are these workers? Which industries and...
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