-The Hindu On the contrary, scrapping labour laws will only reduce wages, lower earnings and reduce consumer demand Following the adage, “never waste a crisis”, the government of Uttar Pradesh, last week, introduced an ordinance that has scrapped most labour laws for three years — ostensibly for creating jobs and for attracting factories exiting China following the outbreak of the novel Coronavirus. These laws deal with the occupational safety, health and working...

-The Telegraph India's high dependence on imported active pharmaceutical ingredients is the result of its own failures and astute Chinese policies India’s pharmaceutical industry imports over 70 per cent of key chemical ingredients and will find it challenging to heed Prime Minister Narendra Modi’s call on Tuesday for self-reliance across sectors, experts said. India’s high dependence on imported active pharmaceutical ingredients (APIs) has been the outcome of Chinese policies designed to dominate the...

-The Telegraph The chief minister announced a new scheme — Matir Shristi — for six backward districts in the western part of the state Mamata Banerjee on Wednesday announced a series of schemes for income generation to ensure livelihood for rural populace in the post-lockdown period as the state government realised the need of securing flow of funds at the grassroots level. “Life and livelihood have come to a halt (because of the...

-The Hindu Rs.3,500 crore of second tranche of stimulus to be spent on allocation to those without ration cards. A major focus of the second tranche of the economic stimulus package announced by Union Finance Minister Nirmala Sitharaman on Thursday was to provide free foodgrains for the next two months to migrant workers who do not have ration cards. The Centre will spend ₹3,500 crore for this purpose. Quoting numbers from State governments,...

-The Telegraph 'Wish there were announcements on government spending' Kolkata: Like many Indians, a young businessman keenly awaiting the fine print of Prime Minister Narendra Modi’s Atmanirbhar Bharat Abhiyan (Self-reliant India Mission) placed himself before a television screen around 4pm on Wednesday. The businessman did not have to brush up his language skills to understand finance minister Nirmala Sitharaman but he came away with a sense of déjà vu. “I heard that I will...