-Business Today Now that a decline in private consumption is pulling down economic growth, the focus needs to shift to improving wages and other measures to spur demand and savings, which does not seem to be happening now New Delhi: That the Indian economy is slipping into a recession is quiet apparent. The real GDP growth has gone down from a peak of 8.2% in 2016-17 to 6.8% in 2018-19, with the...
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Dip in tractor sales indicate further deepening of rural distress
In the financial year 2017-18 when tractor sales touched new heights, it was said by many of the NDA (viz. National Democratic Alliance) government supporters that rural demand has revived on account of adequate monsoon rainfall and higher minimum support prices for crops. Many economists and newspaper columnists also denied the existence of any rural distress. An alternative perspective, however, was also presented by rural economists like Dr. Himanshu who teaches...
More »Opposition attacks Modi govt's new labour law, calls it a fraud on workers -Krishnanand Tripathi
-The Financial Express Labour Laws: The new code proposes to merge four laws but it has come under criticism from the opposition. The Code on Wages, 2019: The Opposition has come down heavily the Code on Wages, 2019 introduced in the Lok Sabha on Tuesday, terming it anti-worker. The legislation introduced by labour minister Santosh Gangwar leaves fixing of minimum wages to state governments instead of recommending a national minimum wage. The...
More »Civil society activists condemn the statement by Rural Development Minister in Parliament on discontinuation of MGNREGA scheme
-Press statement by NREGA Sangharsh Morcha dated 19 July, 2019 While it is heartening that a discussion on rural development lasted for nine hours in Parliament with important issues on MGNREGA being raised, we are deeply disappointed at the statement of the Rural Development Minister that not only displays a lack of understanding of the program but also betrays the clear anti-poor sentiment of this government. On the central issue of inadequate...
More »Wage clarification with consultation pledge
-The Telegraph Labour minister Santosh Gangwar said that Rs 178 would be the minimum wage New Delhi: An existing tripartite advisory committee of employers, employees’ unions and state government officials will determine a national-level minimum wage that will be binding on all states after the passage of a draft law, the Centre said on Wednesday. Labour minister Santosh Gangwar had last week said that the government would table a Code on Wages Bill...
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