-The Hindu The existing labour laws fell short in responding to the changed world of work The recently passed Code on Social Security, the Industrial Relations Code and the Occupational Safety, Health and Working Conditions Code, which along with the Code on Wages, 2019 subsume 29 labour laws into four codes, were passed after widespread consultations, says Union Labour and Employment Minister Santosh Kumar Gangwar * There has been criticism about the manner...

-Vikalp.ind.in The sharp contraction of India’s GDP in 20-21 Q1 (April-June) of 23.9 per cent according to the quarterly estimates released by the National Statistical Organisation is a summary measure that need to be deconstructed to capture the ailing state of the Indian economy. The three sectors that suffered bigger contraction are respectively construction (-50.3%), trade hotels and restaurants (-47%) and manufacturing (-39.3%). Notably these are also the sectors that provided...

-The Hindu There is good reason why opposition to the agriculture Bills may be a reflection of the genuine concerns of farmers In a virtual rally, the Prime Minister blamed the Opposition parties for misleading farmers about the three Bills on agriculture, in Parliament. While the Opposition may have taken up the cudgels recently, the fact is that farmers have been protesting against the Bills ever since it was promulgated as ordinances...

Often exports made by a country to the rest of the world are seen in a positive light by us. It is because exports not only earn precious foreign currencies (that can be used for importing goods and services or simply be used for building forex reserves), it also helps in generating effective demand for goods and services produced in that country and hence, contributes to economic or GDP growth....

-Livemint.com/ howindialives.com The recovery of India’s foreign trade from the pandemic is patchy. But it’s better in exports than in imports On 15 Aug, standing on the Red Fort ramparts, Prime Minister Narendra Modi reiterated his government’s economic vision of self-sufficiency, adding that India would aim to become the supplier to the world. A day earlier, India had reported its latest trade numbers, and for the second successive month, India’s goods exports...