-The Hindu The economic situation warrants enhanced government expenditure; the policy challenge is to minimise the growth fall India’s growth in the first quarter of 2020-21 at (-) 23.9% showed one of the highest contractions globally. Global growth prospects for 2020 have been projected by a number of multilateral institutions and rating agencies including that for India. The 2020-21 real GDP growth for India is forecast in the range of (-) 5.8%...
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From RBI & govt banks to LIC, Rs 205 crore to PM Cares from salaries -Shyamlal Yadav
-The Indian Express The Prime Minister’s Office, which manages the fund, has declined to furnish details of contributions received, saying that PM CARES is “not a public authority under the...RTI Act”. IT’S NOT just a wide range of central educational institutions, at least seven public sector banks, seven other leading financial institutions and insurers, and the RBI, have together contributed Rs 204.75 crore from their staff salaries to the Prime Minister’s Citizen...
More »India’s new labour codes fail migrant workers whose vulnerability was highlighted by lockdown crisis -Divya Varma, Kavya Bharadkar & Raghav Mehrotra
-Scroll.in The systemic, structural reasons that precipitated their distress have been completely ignored. The images of devastation faced by migrant workers in the aftermath of the Covid-19 lockdown imposed in March shook the conscience of the nation: the scale of the problem and the severity of the distress pushed this hitherto invisible population into the spotlight of public and policy attention. More than 75 days into the lockdown, after the crisis had almost...
More »Explained: In the three new labour codes, what changes for workers & hirers? -Aanchal Magazine
-The Indian Express Lok Sabha has cleared three labour code Bills. What are the key changes, and why are some being seen as a cause for concern? The Lok Sabha Tuesday cleared new versions of three labour codes — Industrial Relations Code Bill, 2020, Code on Social Security Bill, 2020 and Occupational Safety, Health and Working Conditions Code Bill, 2020. While the government proposes to increase the ambit of social security by including...
More »The men behind APMC, MSP and procurement -Harish Damodaran
-The Indian Express The idea of a Minimum Support Price for crops came first from a visiting US soil scientist and fertiliser expert The institution of ‘mandis’ is as old as markets where wholesale trading in primary produce has been taking place since time immemorial. APMCs or Agricultural Produce Market Committees are of more recent vintage and the creation of Sir Chhotu Ram. In 1939, the legendary farmer leader, as Development Minister in...
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