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Top 1% of Indians own 40.5% percent wealth, bottom 50% has around 3% - Oxfam Inequality report

Following the pandemic, the income of the bottom 50 per cent of the population is estimated at 13 percent of national income and 3 percent of total wealth Apoorva Mahendru, Kanishk Gomes, Mayurakshi Dutta, Noopur, Pravas Ranjan Mishra Oxfam International's annual inequality report makes for stark reading. The India supplement, part of the main report, states that the top 1 percent of Indians own nearly 40.6 percent of the total wealth in...

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Meetings on labour codes fail to evolve consensus -AM Jigeesh

-The Hindu Majority of the trade unions urge Bhupender Yadav to withdraw the four codes; outfits including the BMS demand that the Centre immediately convene the Indian Labour Conference In an apparent indication that the implementation of the four labour codes will be delayed further, majority of the Central Trade Unions, during their recent discussions with Union Labour Minister Bhupender Yadav, have urged the Centre to withdraw the four codes. Though Rashtriya...

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Quality of work matters, and not just job creation

Contrary to the rising economic distress on the ground since the last few years, the official press release related to the fourth Annual Report on the Periodic Labour Force Survey (PLFS) at first glance seems to give a rosy picture about the employment situation in India.  Defined as the percentage of persons unemployed among the persons in the labour force, the unemployment rate in usual status (principal activity status + subsidiary economic activity status)...

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New Labour Codes From July 1? Trade Unions Will Continue to Oppose Changes -Ronak Chhabra

-Newsclick.in Trade unions fear that the four Labour Codes will dilute workers’ rights, but union leaders also note that many deadlines for the implementation of the codes have been missed by the Centre in the past. New Delhi: India’s Central Trade Unions (CTUs) say they will continue opposing the codification of labour legislations, fearing it will dilute the “hard-won” rights of the workers, even as media reports speculate the implementation of the...

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CPI(M) MP Kareem Moves Private Member’s Bill to Repeal Four Labour Codes -Ronak Chhabra

-Newsclick.in Speaking to NewsClick in a telephone interview on Friday, the Rajya Sabha leader lamented that the Centre has “not accepted even a single recommendation” that was made to it by Standing Committee on Labour in its different reports over the Labour Codes. New Delhi: Communist Party of India (Marxist) Rajya Sabha MP Elamaram Kareem on Friday introduced a Private Member’s Bill that seeks to repeal the contentious four Labour Codes which...

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