-The Hindu ‘Commercial banks may have to raise deposit rates more to meet a surge in credit demand; while banks have swiftly transmitted increases to lending rates, deposit rates have been laggards for most’ Under the backdrop of a highly uncertain global environment caused by globalisation of inflation, energy and food shortages, and synchronised tightening of monetary policy worldwide, the Indian economy was exhibiting signs of a gradual strengthening of the growth...
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Short duration and half-hour discussions in Lok Sabha see reduction - Bharat Kancharla
- Factly.in Data sourced from the Ministry of Parliamentary Affairs Statistical Handbook 2021 indicates a significant fall in the number of short duration and half-hour long discussions in the Lok Sabha in recent terms. The data was compiled and published by Factly.in. The data indicates that the largest number of half-an-hour discussions was in the fourth Lok Sabha (1967-70), where this format was used by members 183 times. The FIRst Lok Sabha...
More »Gig workers: Long hours, little pay, scant security -Basant Kumar Mohanty
-The Telegraph Delivery team, beauticians’ lives ruled by phone calls and sprints to customers New Delhi: The company Pinki Saini began working for in 2018 did not pay her. Instead, she paid the company for letting her work for it. When she started the job as a beautician with Urbanclap — now known as Urban Company — Pinki says she had to pay the firm a “joining fee” of Rs 4,000. She also...
More »MGNREGA workers in West Bengal have not received wages since December 26, 2021
-Press release by NREGA Sangharsh Morcha dated December 26, 2022 * Centre withheld over Rs. 7,500 cr funds, Rs. 2,744 cr due to NREGA workers * Centre hasn’t sanctioned labour budget for 2022-23 * Loss of around Rs. 3,891-Rs. 6,046 crores of NREGA wages this FY due to stoppage of work * Average days of work for the current year dropped to meagre 23 from 63.46 days (pre-covid) and 49.96 days (post-covid) Victimisation of workers: MGNREGA...
More »Rural distress increased sharply as farm wages fell - Santosh Mehrotra
- Deccan Herald Covid-19 reverse migration of labour added to joblessness A rise in self-employment and unpaid family labour three years into the Covid-19 pandemic even as wage rates fell is an indication that rural distress has risen, the economist Santosh Mehrotra writes. Economic distress was on an upward trajectory even before the Pandemic and the sudden arrival of millions of reverse migrants in 2020 added to the stock of unemployed people...
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