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Economic slowdown hits Bengaluru hard; layoffs, pay cuts up to 30 per cent -Ashwini M Sripad

-The New Indian Express BENGALURU: The economic slowdown has not just affected big industries, but also medium and small scale industries, with several firms in Bengaluru either sacking their employees in large numbers or asking them to continue with up to 30 per cent cut in salaries. Several affected employees have approached the State Labour Department seeking directions to their companies to protect their Jobs and their salaries. Labour Minister S Suresh...

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Nobel winner Abhijeet Banerjee's advice to govt: Make policies that work; govt teachers are overpaid

-Financial Express Indian-American Nobel prize winner economist Abhijeet Banerjee on Monday said that the government should make policies that work for the people. Indian-American Nobel prize winner economist Abhijeet Banerjee on Monday said that the government should make policies that work for the people, TV news channel CNBC TV-18 reported. There is a willingness to announce policies that sound good and serve the political purpose dictate their nature, he also said in...

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Midday meal door opens to private kitchens -Basant Kumar Mohanty

-The Telegraph Nearly 10 crore children have the midday meal in 11 lakh schools every working day New Delhi: The Centre has allowed privately managed centralised kitchens to be engaged to serve food to schoolchildren in rural areas under its midday meal scheme — a decision it had earlier announced in May 2017 only to roll back in April this year — raising fears of loss of Jobs for thousands of cooks. Trade...

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'Care' economy uncharitable to women -Francis Kuriakose & Deepa Iyer

-The Hindu Business Line Women are burdened with much of the care work, which is generally unregulated and poorly paid. This must change Care work has been the focus of policy debates after the International Labour Organization (ILO) published a report titled ‘Care Work and Care Jobs for the Future of Decent Work’ in 2018. The ILO observed that care work involves a range of skills that are often not formally recognised...

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The intriguing case of a massive slowdown in the auto sector -Gurbachan Singh

-TheWire.in Did the auto sector's woes go hand-in-hand with the boom in affordable housing segment under PMAY? Sales in the auto sector and in related industries have fallen considerably in India. Maruti-Suzuki, the country’s leading car manufacturer, has reported a 32.7% decline in its total vehicle sales. There is a similar situation across the sector, including the two-wheeler industry. The sector has already lost over 300,000 Jobs. What explains the massive slowdown in...

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