-The Hindu Policy efforts to formalise the economy will have limited results as the bulk of informal units are petty producers Since 2016, the Government has made several efforts to formalise the economy. Currency demonetisation, introduction of the Goods and Services Tax (GST), digitalisation of financial transactions and enrolment of informal sector workers on numerous government Internet portals are all meant to encourage the formalisation of the economy. But why the impetus...
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Global unemployment projected to stand at 207 million in 2022: ILO -Susan Chacko
-Down to Earth The COVID-19 pandemic prevented a full and balanced recovery of Labour Markets in 2021 Global unemployment is projected to stand at 207 million in 2022. This is 21 million more than in 2019 before the novel coronavirus disease (COVID-19) pandemic began, according to the ILO World Employment and Social Outlook – Trends 2022. Global working hours in 2022 will be almost two per cent below their pre-pandemic level — that...
More »MSP Will Stop Corporate Encroachment in Agriculture, Ensure Domestic Food Security -Navpreet Kaur and C Saratchand
-Newsclick.in A guaranteed MSP system will also reduce public storage costs/wastage if it is complemented by a universal public distribution system. The year-long protest by farmers and workers compelled the Centre to repeal the three contentious farm laws, which were designed to further corporate encroachment in agriculture, on November 29. On December 11, the protest ended but not before the protesters reiterated their demand for a legal guarantee on Minimum Support Price...
More »Here's Why PM Modi's Claim of Women's Empowerment in UP Does Not Hold Up -Santosh Mehrotra
-TheWire.in Prime Minister Narendra Modi claimed recently in Uttar Pradesh's Prayagraj that the situation of women in the state has bettered under the BJP rule of last seven years, but the numbers say otherwise. Prime Minister Narendra Modi held forth on women’s empowerment in Uttar Pradesh before a large audience of women in Prayagraj recently. But women’s participation in labour force in Uttar Pradesh is merely 9%; only Bihar is worse at...
More »Three economic fault lines will determine India’s trajectory over the next decade -Deepanshu Mohan
-Scroll.in It is essential for policy makers to understand the crises created by widening income inequalities and Labour Market ruptures. In the context of the current global macro-economic situation, there are three deep currents for the Indian government to be aware of. How it understands and responds to these challenges will shape the country’s socio-economic trajectory over the next few years. The first undercurrent: the deepening of income and wealth inequalities. Second: a...
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