-TheWire.in If India is to seize the advantage of its burgeoning young workforce, it needs to strategically implement economic and industrial policies. There is a new urgency in India to create jobs for the rapidly growing number of young people set to enter the workforce in the next two decades. India will account for 20 percent of the worldwide increase in the working-age population over the two decades from 2020. Projections from the...
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NITI Aayog launches report on gig economy in India: Key takeaways -Haripriya Suresh
-MoneyControl.com The report looks at the present size of the sector, its job generation potential, and also offers recommendations for growth. India’s gig workforce, estimated to be at 77 lakh in 2020-21, is expected to go up to 2.35 crore by 2029-30, according to a NITI Aayog report. The report, titled 'India's Booming Gig and Platform Economy' looks at the present size of the sector, its job generation potential, and also offers...
More »Forget minimum wages, MGNREGA workers not even receiving notified wages in many states
Every year in the month of either February or March, the Ministry of Rural Development (MoRD) announces the notified MGNREGA wage rates (i.e., notified daily wage rates for MGNREGA workers) for various states and Union Territories (UTs) for the upcoming financial year. The MGNREGA rates are notified every year based on the increase in Consumer Price Index for Agricultural Labourers (CPI-AL). Like the previous years, in 2021 too, experts and civil...
More »Rural Distress Makes India Inc. Call for Higher MGNREGA Allocation -Rabindra Nath Sinha
-Newsclick.in By doing so, the corporate sector seems to have cautioned the government against expecting a fast rebound in industrial activity, as there is sizeable idle capacity in the absence of consumption demand. Kolkata: Rural stress and funds for the rural job guarantee scheme were surprise additions in the organised corporate sector’s listed points for the post-Budget interaction with the Union government held on February 5 under the aegis of the Confederation...
More »A cycle of low growth, higher inflation -Anand Srinivasan
-The Hindu Unless policy action ensures higher demand and growth, India will continue on the path of a K-shaped recovery In recent times, right-leaning economists have been arguing that the Government does not need to do anything with the economy and that it will revive by itself. They call those who disagree with them, doomsday merchants. These economists reason that, like after the Great Depression, the economy rebounded worldwide, and so will...
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