An International Labour Organisation report said there was 14% drop in global working hours during second quarter of 2020, equivalent to loss of 400 million full-time jobs.
For two decades, I had maintained that unlike the developed West, India should not be overly concerned about inequalities because our economy was in the growth phase.
The Congress leader called out the govt's hypocrisy, saying it was promising economic packages and employment, while in reality, factories were being shut.
Developing countries are expected to be hit harder in the economic downturn. But PM Modi’s steady and resilient leadership will surely guide India to calmer waters.
The note ban affected the demand, while GST raised production costs, forcing small industry owners to fire both contracted labourers and skilled artisans.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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