Wednesday, 25 May, 2022
TopicFormal and informal sector

Topic: Formal and informal sector

How India’s informal economy is shrinking, and why that’s good news in the long term

Ila Patnaik -
Greater formalisation will see a shift from low-paying, labour-intensive jobs in informal sector to more productive, formal-sector jobs. This could lead to disruption in short term.

More young urban Indian men appear to be studying longer, not looking for jobs: New research

Vidya Mahambare -
Researchers looked at 2004-05 NSS data and 2017-18 labour force survey to find men in 20-29 age group in states like Bihar and Jharkhand either take an informal job or remain unemployed.

Economists must stop looking at rural India as just labour supply tool post Covid: Yunus

Muhammad Yunus -
Now is a good time to integrate the most crucial feature missing in the Indian micro-finance system — running it as a social business, writes Nobel Peace Prize winner Muhammad Yunus.

Don’t let your dislike of Yogi Adityanath get in the way. Labour reform is a good idea

Nitin Pai -
A rational labour framework will lead to a larger number of Indian workers enjoying basic protections. Much depends on what the new labour landscape in UP and MP looks like.

To get more women in labour force, India must stop pushing industrial areas to city limits

Partha Mukhopadhyay -
It is essential for cities to recognise that urban neighbourhoods are not just residential areas, and develop amenities for both work and living.

Pick-up in quarterly sales reflect an upswing in Indian economy as GST regime stabilises

Ila Patnaik -
There is finally evidence of formalisation of the economy as the GST regime stabilises & has a big positive effect on the business cycle.

Does the data show India is creating jobs or not?

Ila Patnaik -
The pessimist will argue that demonetisation and GST have caused waves of layoffs in the informal sector, but there are arguments by the optimistic, that complex structure of tax has created jobs in formal sector. 

On Camera

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Opinion

US President Joe Biden speaks in the East Room of the White House in Washington, D.C., on 16 August 2021. Biden defended his decision to withdraw US troops from Afghanistan | Samuel Corum | Bloomberg

US blames failure to shut Pakistan border for Afghan defeat. India, please take note

Praveen Swami -
The US could have used its coercive resources to compel Pakistan to shut down the Taliban’s transborder sanctuaries. It chose not to—costing its victory.
An electric vehicle is parked in a bay at a charging station in New Delhi | Representational image| Photo: T. Narayan | Bloomberg

EV makers are losing their sheen. Turns out, making future-forward cars is kind of hard

Cotton balls grow on a plant | Prashanth Vishwanathan/Bloomberg

Cotton, other crops shouldn’t meet fate of wheat. Govt needs an empowered group

Economy

Vendors at a store selling edible oils at Begum Bazaar in Hyderabad, India| Photographer: Dhiraj Singh/Bloomberg

Modi govt to allow duty-free import of soybean, sunflower oil, cool surging prices

Pratik Parija -
The government will permit purchases of 2 million tons each of the two vegetable oils per annum this fiscal year and the next, according to a notification by the finance ministry.

Defence

Prime Minister Narendra Modi with Japan's Prime Minister Fumio Kishida, Australia's Prime Minister Anthony Albanese and US President Joe Biden at the Quad Summit, in Tokyo, Tuesday | ANI

Quad action against ‘illegal fishing’ may also target China’s Indo-Pacific ‘political activities’

Suchet Vir Singh -
Indo-Pacific Partnership for Maritime Domain Awareness will use advanced & integrated satellite imagery & technology to combat illegal fishing & 'dubious operations' of Chinese maritime militia.

National Interest

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

Shekhar Gupta -
That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.

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