-Hindustan Times Unfortunately, there is no high frequency income or consumption data for the Indian economy. What we do have is monthly data for rural wages, which is available until June 2019. On Wednesday, media reports said that India’s leading biscuit-maker Parle Products Private Limited could cut up to 10,000 jobs as “slowing economic growth and falling demand in the rural heartland could cause production cuts”. The company’s flagship brand Parle-G...
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Abstain from speculations, give exact job loss count, Finance Ministry tells India Inc.
-The New Indian Express There were also reports that the auto sector has seen 3 lakh crore jobs being lost. NEW DELHI: TAKING notice of daily reports on job losses, the Union Finance Ministry has asked business chambers and industries to produce the exact number of Job cuts to derive the correct picture of the economy. It has asked the industries to abstain from causing panic. “There are a number of reports that...
More »2 lakh laid off in last 3 months by auto dealers, says FADA
-PTI Job cuts may affect technical staff too, says dealers’ association Around two lakh jobs have been laid off across automobile dealerships in the country in the last three months as vehicle retailers attempt to tide over the impact of the unprecedented sales slump, according to industry body FADA. With no immediate signs of recovery, the Federation of Automobile Dealers Associations (FADA) fears that the Job cuts may continue with more showrooms being...
More »Make up for lost time -Puja Mehra
-The Hindu Narendra Modi must leverage the public trust voters have placed in him to get the economy on track Prime Minister Narendra Modi’s election campaign, staying clear of bread-and-butter issues, successfully swayed voter attention away from economic hardships. Having won a thumping mandate, his government in its second tenure must now devote itself to a well-thought-out strategy for economic reforms. The bad news Official estimates released on Friday, the new government’s first day...
More »No work, but Rajasthan labour chowkis say Modi better for nation -Shalini Nair
-The Indian Express In the two-cornered contest in Rajasthan, voters, irrespective of whether their allegiance rests with the BJP or Congress, are critical of the decline in jobs. Ajmer, Jaipur, Rajsamand, Udaipur (Rajasthan): For about half an hour, starting 8 am, buses halt at Udaipur’s Syphon labour chowki to offload passengers huddled on their roofs. Hundreds of daily wage workers commute to the 10-odd labour chowkis in Udaipur city, from villages...
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