-Business Standard Schools across the state shut till April 2, while protests and demonstrations banned Lucknow: In the backdrop of the coronavirus scare expected to hit the livelihood of daily wage earners due to slowing down of economy, the Uttar Pradesh government on Tuesday announced to constitute a high-level committee to provide them the required monetary support. The three-member committee, headed by the UP finance minister and comprising the state agriculture and labour...

-PTI MUMBAI: The Reserve Bank of India has ordered Punjab and Maharashtra Co-operative (PMC) Bank not to do any business for six months and capped depositor withdrawals at Rs 1,000, throwing the lives of thousands of traders, self-employed and daily wage earners into disarray. The regulator has also appointed an administrator for the bank. Defaults appear to have surged in the past six months amid tight economic conditions and some lumpy loans...

-Deccan Chronicle Hyderabad: Anna Canteens in Andhra Pradesh, formed on the lines of Amma canteens in Tamil Nadu, is providing food security to its people. The canteens were named after former chief minister N T Rama Rao (NTR), who introduced Rs 2 a kilo rice scheme in 1983. NTR was affectionately called “Anna” (elder brother). The Akshaya Patra Foundation runs these canteens. Chief Minister N Chandrababu Naidu introduced Anna canteens on...

-TheWire.in Real average daily wages improved between 1993-94 and 2011-12, but gains of growth have bypassed casual workers, women and rural areas. Over the past two decades, India became one of the two fastest growing economies in the world, alongside China. The gross domestic product (GDP) has risen four folds since 1993. But has this growth been distributed to lower economic inequality? Has the increase in wages matched the pace of growth...

-ILO News Despite real wage growth, inequality, informality and gender wage gap persist. New Delhi: While India’s economy in the past two decades has seen an annual average GDP rate of 7 % — low pay and inequality persist according to the India Wage Report: Wage policies for decent work and inclusive growth , published by the International Labour Organization. The NSSO estimates also indicate that the real average daily wage has doubled...