A more effective promotion of domestic manufacturing and mining could significantly reduce the trade deficit in key sectors, says T N Ninan.
International Monetary Fund Chief Economist Gita Gopinath tells Indivjal Dhasmana high-frequency indicators for the third quarter of 2021 indicate momentum in economic recovery in India.
'They don't tell us what they take from customers. They don't tell customers what they give us.'
The top court said it is not satisfied with the efforts of the Centre as well as the states on the issue of registration of workers in unorganised sectors.
Since jobs will remain scarce for the foreseeable future, an unemployment allowance should be the next big social-security initiative, suggests T N Ninan.
With India poised to become the largest economy in the world by 2030, it cannot afford to leave half of its workforce behind.
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Female labour force participation in India is lower than many other EM economies.
Casa Everz Gmbh, the owner of Germany-based healthy footwear brand Von Wellx, will be shifting its entire shoe production of over three million pairs annually in China to India with an initial investment of Rs 110 crore, according to a top official of the company's licensee Iatric Industries Pvt Ltd. A new manufacturing unit will be set up with a production capacity of over three million pairs in Uttar Pradesh through a collaboration with Iatric Industries Pvt Ltd as part of an understanding with the state government.
India has the lowest labour force participation rate in South Asia and one of the lowest in the world, points out Aakar Patel.
The Congress chief added that the governments of Delhi and Bihar are 'captive governments' -- demonetisation, lockout, trade-off, economic bandit, farm-barn captive, bread-employment detention.
HR Guru Mayank Rautela offers practical advice.
India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year).
'There is a vision in the Budget, and the vision is to take India from a largely agrarian, rural economy into a fast-track digitalised economy.'
'It is less dependent on imported capital.'
"Due to the COVID-19 pandemic, its implementation got delayed. But as the situation is slowly improving, the work has started. The rules are now being framed and CAA will be implemented very soon. Under this act all the eligible people will definitely get Indian citizenship," Nadda told the social groups, who included Dalits, Gorkhas, Rajbanshis and other tribes.
The next general election is more than three years away. Yet, the Centre appears to be reluctant to take any bold move that might annoy influential sections of the electorate.
'This government has not created any employment.' 'Forget employment, the government had not done anything in skill development.'
The protests brought home the fact that the Sri Lankan public is in no mood for halfway measures, as voices against Rajapaksa 'family rule' and 'securitisation' of the civilian administration began sidestepping the more critical economic crisis, affecting the nation and afflicting the individual, observes Sri Lanka watcher N Sathiya Moorthy.
The BJP calling the Congress a "torn old party" moving towards a stage where its relevance and necessity will be completely lost.
If the central banks act harshly now, the markets will crash and then rally. If they are hesitant, the pain will be prolonged, predicts Debashis Basu.
'The stimulus packages, sector reliefs, loans etc are coming to industry, but state governments have not got any money from GST, no money from excise, no money from any income source.'
'If the BJP doesn't want to accept the will of the people, then we will show them what a majority means.'
The strike notices were given by workers' unions of various sectors such as coal, steel, oil, telecom, postal, income tax, copper, banks and insurance.
The challenge for politicians is that the continuous electoral cycle favours short-termism and the loan waiver type of policy, whereas prosperity requires hard decisions where commonly held perceptions must be disrupted and over-turned, says Dhiraj Nayyar.
The new information required by the Department of Labour is significant because before sponsoring a foreign worker for the H-1B visa, the company needs to get its labour application approved by it.
The Supreme Court on Tuesday asked the worst Covid-19 affected state of Maharashtra to be more vigilant and make concerted efforts in identifying and sending the migrant workers still stranded there to their native places. The top court, which directed all states and Union territories to transport all stranded workers by train, bus or other modes within 15 days, said there were "huge lapses" by the Maharashtra authorities in dealing with the issue and asked the government there to announce a suitable place for their registration.
HR Guru Mayank Rautela offers practical advice.
According to the IHS Markit India Business Outlook, predictions of softer activity growth underpin the downward revisions of profit outlook, subdued hiring plans and relatively muted capital expenditure.
The migrant workers were walking along the rail tracks apparently to escape the attention of police. A video clip from the scene of the tragedy shows the bodies of migrant workers lying on the tracks and nearby with their meagre personal belongings scattered around.
The UK is likely to be for another three weeks, is inevitable.
While the denial rate has dropped slightly to 21 per cent in 2019 from 24 per cent in 2018, the National Foundation for American Policy has said it is much higher for Indian IT companies like Tata Consultancy Services (TCS) and Wipro and very low for American companies like Amazon and Google. For instance, the denial rate for TCS and Infosys in 2019 was 31 per cent and 35 per cent respectively, whereas for Wipro it was 47 per cent and 37 per cent for Tech Mahindra. On the other hand, the denial rate for the new H-1B petitions in 2019 was just four per cent each for Amazon and Google. The denial rate for Microsoft during the same period was six per cent, and Facebook along with Walmart was just three per cent each.
That is what you will hear again after Nirmala Sitharaman presents a speech that will prove to be meaningless and numbers that will show themselves to be wildly off the mark, observes Aakar Patel.
Even as the industrial cycle has ground to a halt during the 21-day lockdown, the industry has been hit hard by foreign orders from major clients in the US and Europe being cancelled. Also, a sudden lack of labour has crippled the sector because of a mass exodus of workers from industrial units to the hinterland.
China, the Ukraine crisis and Quad will dominate the discussions, observes Dr Rajaram Panda.
Trade union leaders claimed that the strike would be even bigger than the one last year as the number of striking workers is expected to swell to 18 crore
Ten central trade unions on Tuesday said they are going ahead with their planned nationwide general strike on November 26 and also announced their support to a two-day farmers' agitation next week. The meeting of the Joint Platform of Central Trade Unions (CTUs) and Sectoral Independent Federations and Associations was held virtually on November 16, 2020. Unions expressed satisfaction over the tremendous response being received from workers and the people at large throughout the country to the ongoing campaign for the countrywide general strike on November 26, 2020, a joint forum statement said.
'Traders have been the worst hit because of the government's policies, but for some unknown reason, many continue to support the BJP.'
In the course of his various tenures, Yediyurappa made many adversaries. Bommai, by contrast, knows the Opposition well and has many friends, cutting across parties -- he is, after all, only a 2008 BJP entrant.
Fitch Ratings on Wednesday said India's high fiscal deficit would pose a challenge in lowering the debt to GDP ratio, which is expected to rise above 90 per cent in the next five years. It said India entered the pandemic with little fiscal headroom from a rating perspective. Its general government debt/GDP ratio stood at 72 per cent in 2019, against a median of 42 per cent for 'BBB' rated peers.
From small restaurants to mighty software companies, it is businesses, not the government, that create jobs. Yet, in a cruel irony, they have to fight extortive and brutal State power every step of the way, says Debashis Basu.
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