-The Hindu Overall, industry bodies are positive about the ongoing contraction in inflation, but there is some wariness regarding deflation. Wholesale price inflation contracted for the tenth consecutive month, coming in at -4.95 per cent in August compared to -4.05 per cent in July. This follows Chief Economic Adviser Arvind Subramanian’s comments cautioning that India’s economy could be nearing deflationary territory. The data also comes two weeks before the Reserve Bank of...

-The Telegraph New Delhi: Punjab chief minister Parkash Singh Badal has asked the central government to increase wages under the national rural job scheme to at least Rs 300 a day to attract workers, a view apparently shared by many states as well as activists. An official in the rural development ministry said many state governments had already written to the Centre citing difficulties in implementing the MGNREGA because of the low...

-The Hindu Business Line The CPI(M) has many questions for Arun Jaitley on the land ordinance, including where food will be grown Arun Jaitley is clearly seeking to defend the indefensible. What he claims are the obvious answers actually seek to camouflage the hidden intent with which the BJP government brought the ordinance, not once but thrice in succession. The first question to Jaitley is why he as the leader of the House...

-The Telegraph New Delhi: The Rashtriya Swayamsevak Sangh's labour arm has walked out of the countrywide strike that 11 unions had called on September 2 to press for a 12-point charter of demands. A recent government survey had ranked the Bharatiya Mazdoor Sangh (BMS) as India's largest trade union body with a membership of 62 lakh. Congress-affiliated Intuc came a distant second with 39 lakh members while the CPI's labour wing, Aituc,...

-The Indian Express The objective is to ensure that a standard minimum wage rate exists for all kinds of occupations. The government is seeking to significantly boost incomes of the country’s lowest paid workers by substantially raising the minimum wages payable to them, mandating payments through formal banking channels and ensuring they get social security benefits like provident fund and medical insurance. Fresh amendments are being readied to incorporate these changes to...