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.
September saw 85 lakh jobs added, the highest since the Covid shock in March 2020. Inflation has fallen, exports are rising, and 1 billion vaccinations is an important milestone.
The distribution of income and therefore the pattern of economic growth have become a matter of even greater than usual concern, and not just because of obvious humanitarian concern about those being left behind.
There is no reason why the march towards reduced working hours should stop at the arbitrary ‘standard’ figure of 5 days and 40 hours established in the post-WW II period.
The study also found that even most of those who had received cash handouts from the government in the wake of the pandemic preferred having job protection over financial assistance.
In the face of judicial scrutiny, several states issued executive orders after SC’s 2006 verdict. But these enactments were cleverly designed to circumvent the implementation of judicial directions.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
A common thread runs through the memories of soldiers of the 1965 war—ingenuity, courage and camaraderie that withstood an apparently technologically superior foe.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
COMMENTS