-The Hindu Brisker Puja sales may not implicate a better economic climate in West Bengal There is added enthusiasm in the celebration of Kolkata’s Durga Puja after its inclusion as the 14th entry from India in UNESCO’s ‘Representative List of Intangible Cultural Heritage of Humanity’ last December. But like most major festivals, Durga Puja is not just a cultural extravaganza; it is an economic lifeline for West Bengal. But do we have reasons...
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Trade unions, industries paint a grim picture of employment scenario -AM Jigeesh
-The Hindu Business Line Trade union seeks urgent measures to alleviate pain of joblessness, drastic fall in income Trade unions and industrial associations painted a grim picture of the unemployment scenario in the country at a recent meeting of the Labour Standing Committee. The trade unions demanded urgent measures such as direct cash transfers to address job loss and wage loss, while the representatives of industries demanded a re-look at the current...
More »Farmers' protests causing loss of Rs 3,500 crore everyday
-The New Indian Express The ongoing standoff between the Centre and farm bodies, if not resolved soon, may impinge on the economy, which is already struggling to get on a growth trajectory amid the COVID-19 pandemic. NEW DELHI: The week-long farmers’ agitation that has caused supply chain and logistics disruption in several parts of the country is resulting in a daily loss of Rs 3,000-3500 crore, according to estimates from assocham. The ongoing...
More »India Inc looks to govt for stimulus, but fiscal space limited as revenue falters -Aanchal Magazine, Pranav Mukul & Anil Sasi
-The Indian Express The emerging consensus within India Inc. on the need for a government-led stimulus notwithstanding, the Centre has limited fiscal space given the lower tax collections. The Budget was a missed opportunity in terms of signalling reforms New Delhi: India Inc’s clamour for a stimulus to restart the investment cycle points to a near unanimous view within the industry — that government has to do the heavy lifting first...
More »Business leaders seek Rs 1 trillion govt stimulus to revive economy
-PTI Industry leaders met Finance Minister Nirmala Sitharaman in New Delhi for three hours. Businesses on Thursday asked the government for a stimulus package of over Rs 1 trillion to restart investments and revive the economy. Industry leaders, who met Finance Minister Nirmala Sitharaman in New Delhi for three hours, said the government will soon take action to boost economic growth. "The economy requires a critical intervention by introducing a stimulus package. We have...
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