-Newsclick.in Casual and contract workers’ proportion to regular workers has gone up to a record 53%. Nearly 2.4 lakh workers of government-run public enterprises have lost their jobs since the Narendra Modi led BJP government took power in 2014. That’s a massive 25 per cent of the workforce. Simultaneously, the number of casual and contract workers has increased to 3.8 lakh. The proportion of such employees has zoomed up from just 36%...
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Government makes NPS withdrawal 100% tax exempt
-The Times of India NEW DELHI: The government has made the National Pension System (NPS) more attractive for investors, with the biggest bonanza going to 18 lakh Central Government Employees. The Centre will contribute 14% of basic salary to their pension corpus, up from 10%. The employee’s contribution will remain at 10%, bringing the total contribution to 24%. Announcing the changes on Monday, finance minister Arun Jaitley said the entire withdrawal at...
More »MP, Rajasthan Under BJP Have Steered the Destruction of Workers' Security -Praneta Jha
-Newsclick.in Unbridled exploitation of workers under the supervision of BJP governments has led to widespread anger and discontent, which is likely to be reflected in the Assembly polls. While Madhya Pradesh and Rajasthan are gearing up for Assembly elections, the two BJP-ruled states have also been at the forefront of actively overseeing the worsening condition of industrial workers. Besides administering meagre rates of minimum wage, the two states have introduced a slew of...
More »Subverting the Central Bank -Prabhat Patnaik
-Newsclick.in The Modi government has been trying to cut the RBI down to size for quite some time. The Modi government’s penchant for subverting institutions has now extended to the Central Bank of the country. Not content with eliminating the Planning Commission; decimating the finest universities in India; crippling the premier public sector unit of the country, the ONGC, by interfering in its decision making; bringing the nationalised banks to grief by...
More »57% of regular Indian employees earn less than Rs. 10,000
-Livemint.com The ‘State of Working India’ report by Azim Premji University shows that the low wage is so evident that people earning Rs. 50,000 or more constitute just 1.6% of the total workforce in India New Delhi: Despite economic growth and gradual formalization of the workforce, low wages and wage growth remain key challenges with 57% of regular employees earning Rs. 10,000 or less a month, a new report published on Tuesday...
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