-The Financial Express NBFCs are at the forefront of financing many of the affected sectors, notably small road transport operators, taxi aggregators, infrastructure Contractors, MSMEs, traders etc. After banks wrote to the regulator asking for moratorium on corporate repayments, their non-banking counterparts have sought a three-month moratorium on equated monthly instalment (EMI) payments by their customers as much of the country goes into lockdown mode. Non-banking finance companies (NBFCs) are also asking...

-The Indian Express The start of the sugarcane season in Maharashtra is marked by the seasonal migration of around 7-8 lakh labourers from Marathwada and North Maharashtra to the mills in various parts of the state. Pune: Maharashtra’s sugarcane crushing is all set to extend by at least a fortnight as mills complain of acute shortage of harvesting labourers. Mills say that at present around 15-20 per cent less labourers have turned...

-Newsclick.in The labourers from Dang migrate every year to Bardoli—a hub of sugar mills—where they are caught in a system of advance payments that bind them to the workplace for the duration of the season. Dang, a district in southern Gujarat, is witnessing one of the largest labour movements in its recent history after the tribal sugarcane harvesters of the district decided not to migrate to Bardoli and other neighbouring areas. Bardoli,...

-TheWire.in For right and wrong reasons, the current dispensation celebrates the creation of any form of employment in India, regardless of quality. The state of California recently passed a landmark bill that has the potential to unleash a systemic change in the gig economy. On the back of a recent judgement by the California Supreme Court, Assembly Bill 5 has legislated that workers in the gig economy be classified as workers and...

-The Hindu General Manager sends SOS to Ministry, warns that onboard housekeeping services will have to be terminated Chennai: Amid an unprecedented cash crunch, the Southern Railway has sent an SOS to the Ministry of Railways that if adequate funds are not allotted by August-end, it would have no option but to terminate onboard housekeeping services (OBHS), pest control and supply of linen contracts on all 110 long-distance trains. While officials prepare to...