-The Hindu Business Line Seeks CCI intervention to procure the natural fibre; traders point to global trend The Indian textile industry has begun expressing concern over soaring cotton prices in global and domestic markets, with some even raising fears that the natural fibre is being hoarded. In a memorandum to Prime Minister Narendra Modi, Southern India Mills Association (SIMA) Chairman Ravi Sam called for steps to stabilise cotton prices, particularly when the country...
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Drying up of MGNREGA allocation will shrink the rural Economy further -Dibyendu Chaudhuri and Parijat Ghosh
-Down to Earth The focus of MGNREGA has, over time, shifted from employment creation to asset creation The funds allocated in the Union budget 2021-22 for implementing schemes under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) were exhausted within the first half of this financial year. The budgetary provision for 2021-22 was Rs 73,000 crore, of which Rs 79,810 crore has been spent. Many workers didn’t get paid; it may take...
More »The invisible churn in India’s labour markets -Abhishek Jha
-Hindustan Times A country’s unemployment rate can increase or decrease over time, and people can move from one form of employment to another. But headline numbers on unemployment rate and kind of employment do not tell us about the degree of churn in the labour market. One of the most basic concepts in economics is stock versus flow. Stock is a variable measured at a point in time. An individual’s net worth...
More »Informal sector shrank sharply in 2020-21: SBI report -Vikas Dhoot
-The Hindu Informal workers continue to bear the brunt of pandemic’s adverse effects, says SBI report Signalling a greater shift towards formalisation of the Economy, the share of the large informal sector in overall economic activity dipped sharply in 2020-21 even as informal workers continue to bear the brunt of the pandemic’s adverse effects, the SBI said in a research report. Concluding that the share of the informal Economy may have shrunk to...
More »Cooperative sector can turn India into $5 trillion Economy, make agriculture 'atmanirbhar': Amit Shah -Deven Kanal
-Firstpost.com Shah visited the Amul Dairy premises and then held a meeting with senior officials of the GCMMF, the state government and the leaders of the cooperative sector leaders Anand: Union Home and Cooperation Minister Amit Shah on Sunday said the cooperative sector has a potential to turn India into a $5 trillion Economy and will also prove crucial in making the agriculture sector self-reliant. He also stressed the need to implement...
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