-Newsclick.in Devastated by the pandemic and Lockdown, people are now facing a back-breaking inflation, especially in everyday food items like vegetables. In just the past month, inflation (annual price rise) has zoomed up, delivering a body blow to family budgets. Recently released government data shows that retail inflation rate hit an eight-month high of 7.34%, up from 6.69% in August. This is general inflation, including all items of consumption. For food items, the...
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Labour’s data lost -Rajendran Narayanan and Bishwa Pandey
-The Hindu The government’s tendency to be opaque and blame states is not new Last month, the Code on Social Security; the Code on Occupational Safety, Health and Working Conditions; and the Code on Industrial Relations were passed in Parliament with little debate. In August 2019, the Code on Wages was passed. The four codes together subsume more than 40 labour laws. The mission statement from the Ministry of Labour and Employment reads:...
More »MSMEs -- re-defined for growth -Surbhi Jain and Sonali Chowdhry
-The Hindu Business Line The expanded ambit now allows a larger pool of enterprises to get the benefits of the MSME Act and pandemic-induced reforms Micro, small and medium enterprises (MSMEs) are amongst the strongest drivers of the economy with a vast network of about six crore enterprises, contributing about 45 per cent to manufacturing output, 50 per cent to exports, around 30 per cent to GDP, and creating employment for about...
More »70% of reverse migrants want to go back to cities -Prashant K. Nanda
-Livemint.com Government data claims that more than 10 million people went home after the Lockdown, although experts and civil society groups say the number is much larger. Migrants who went home during the Lockdown saw their incomes drop by as much as 94% and an overwhelming majority of them are ready to return to the cities, a survey by a team of retired government officers and academics found. The survey on covid’s impact...
More »India’s GDP expected to contract by 9.6 per cent this fiscal: World Bank
-PTI/ The Indian Express "India's GDP is expected to contract by 9.6 per cent in the fiscal year that started in March," the World Bank said in the report released here. Washington: The World Bank on Thursday said that India’s GDP is expected to contract by 9.6 per cent this fiscal which is reflective of the national Lockdown and the income shock experienced by households and firms due to the COVID-19 pandemic,...
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