India's experience with Coal Mines Provident Fund and Seamen's Provident Fund should lead us to ask if the idea of a centralised welfare fund is itself problematic, and prone to misuse.
It is a great initiative by the Modi govt, but there are issues of overlapping definitions & how to make registration accessible to as many workers as possible.
Labour ministry accepts parliamentary panel’s recommendation to set up social security fund for gig and platform workers, to be paid for by aggregators.
Govt accepts Parliamentary panel suggestion to include workers with family income less than Rs 18,000/month, ‘so no one is left out of social security net’.
Officials claim the Unorganised Sector Workers’ Social Security Act had some flaws that hampered its implementation, but experts say successive govts slept on it.
The labour and finance ministries are working on the proposal, even as RSS’ labour wing BMS is asking govt to formulate a new national policy on labourers.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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