Speaking at industry association CII's annual session, PM Modi said the government has taken tough steps to fight the coronavirus pandemic and has also taken care of the economy. "On the one hand we have to safe the lives of our people and on the other hand we have to stabilise the economy and speed up the economy," he said. "Yes, we will definitely get our growth back," he asserted.
As of now, 12 million Indians join the workforce every year.
India has no option but to shut China out, notes T C A Srinivasa-Raghavan.
For 2021-22, it projected the economy to clock a growth of 10.6 per cent.
Finding itself trapped in a cul de sac, all things considered, a negotiated climbdown at this juncture seems the only sensible course available for the Centre, suggests Virendra Kapoor.
According to officials, Punjab, West Bengal, Maharashtra, Assam and Telangana wanted the lockdown to be continued, some of them wanted the powers to decide the zoning of districts -- green, orange and red -- as per the COVID-19 situation.
'At this stage, you should distribute money and food.' 'Like you queue up to vote, let people queue up to collect this.' 'This will arrest the decline in demand which will have a multiplier effect on the demand side for the economy as a whole.' 'The government should earmark about 2% of the GDP for this.' 'And this should be the first step to revive the economy.'
'Unlike Andhra Pradesh or Tamil Nadu, there is no opportunity for workers to earn a livelihood in Bihar.'
The government has also hiked excise duty by 11 percent, which is in addition to the 6 per cent that was announced in the budget, he said.
Enabling labour to become more globally mobile can produce higher remittances with powerful 'brain gain' dividends.
The Unique Identification Authority of India may take all 10 fingerprints, besides an eye scan, of all residents in rural India to avoid loss of physical identification due to harsh working conditions.
High growth is also much easier to log in a small business than in a Reliance.
'This is not a time for bruised egos, face, shows of state power, petulance, or PR spin. It is a time for big-tent action across a table -- no matter how acrimonious -- with transparency, and with the media present,' notes Vijay Verghese.
'When the virus, in a way, tires itself out, because it is not finding any more people to attack or keep itself viable, that is when the peak actually has been reached and you are on the downward limb (of the curve).'
According to the latest survey by global staffing services firm Manpower, India has an overall net employment outlook -- a measure of hiring plans by employers -- of 19 per cent for the July-September period, the most among the 34 countries surveyed. The Manpower Employment Outlook showed that only 11 of the 34 countries have positive hiring plans, indicating the general gloom in the global job market in the wake of the tough economic scenario.
A new study shows that the bottom half of the population enjoyed only 15 per cent of national income in 2013-14, down sharply from 24 per cent in the early 1980s.
Centre's off-the-record instructions through WhatsApp and a squeeze on funds brought the rural work programme to collapse after a roaring first half of the year.
The International Labour Organisation (ILO) has revised upwards its estimates of worldwide unemployment, and called for a "global jobs pact" to address the current crisis.
Launching the scheme, Modi said during the nationwide lockdown, the talent from cities returned to villages and it will now give a boost to development of rural areas. The 'Garib Kalyan Rozgar Abhiyaan' will be implemented on a mission mode in 125 days in 116 districts of six states -- Bihar, Madhya Pradesh, Uttar Pradesh, Rajasthan, Jharkhand and Odisha -- that received the maximum numbers of migrant workers back.
Government needs to focus on areas where reforms are much easier
A temporary work visa, the 457 visa allows skilled workers to come to Australia for an approved business for up to four years.
There have been several occasions when workers have raised an industrial dispute with employers demanding compensation for being retrenched due to continued illness
US-India Business Council President Nisha Biswal believes once the economic activity and demand resumes, India could hold the potential for diversification of supply chains and manufacturing.
The Vanchit Bahujan Aghadi has called for the statewide shutdown to protest against the Citizenship (Amendment) Act and the proposed National Register of Citizens. Barring stray incidents of stone pelting and attempt to disrupt road traffic in Mumbai, there was not much impact of the bandh in the metropolis.
India is currently under the 21-day lockdown since March 25, with only essential services exempted to contain the fast-spreading virus.
'It is clear that primary care would be extremely critical in providing care to and preventing deaths of large numbers of patients,' says Pavitra Mohan and Jagdish Rattanani.
Fresh guidelines were issued by the government on Wednesday for enforcing the second phase of the coronavirus lockdown, with the Union home ministry barring all kinds of public transport and prohibiting opening of public places during this period.
'This government has made it compulsory to teach some languages that have died.' 'You can't keep languages alive by making them compulsory.'
'People are doing a lot of trading.' 'Short-term euphoria can be seen.' 'Retail participation is best through MFs and PMS.'
The European Union (Notification of Withdrawal) Bill had its final debate and vote last night to allow the British Prime Minister to invoke Article 50 of the Lisbon Treaty to begin a two-year period of negotiations for the UK's new deal as a non-member of the European Union by 2019.
In a bid to take forward labour reforms, the government on Thursday said units in the special economic zones will be exempted from making contributions to Employees Provident Fund and Employees State Insurance for five years.
Rather than one-year returns, look at benefits of long-term investment in equity.
A sample study conducted for the period August-October 2008 by department of commerce for 121 export related companies also revealed loss in export orders to the tune of Rs 1792 crore (Rs 17.92 billion), he said during Question Hour in Lok Sabha.
Back of the envelope calculations put government expense on each of the new schemes promised by the DMK and the AIADMK at tens of thousands of crores. But then, neither party has said how they are going to also address the mounting debt burden either, says N Sathiya Moorthy.
IMF cut its 2016 global growth forecast for the fourth time in the past year to 3.2 per cent, citing China's slowdown.
In 2015-16, the overall apple production in India stood at 2.8 million, bulk of which came from J&K, followed by Himachal Pradesh, Uttarakhand, Arunachal Pradesh, Nagaland, Sikkim and Tamil Nadu
The growth rate was much higher a year ago at 8.7%.
Never in his long political career has the Union labour minister attracted such attention.
The GDP always has a base year, which defines the composition of the economy in that year. As the composition changes, the base year needs to be revised regularly. Abhishek Waghmare explains how that is done.
