Economic fallout of COVID-19 to push at least 150-175 mn people into extreme poverty, says UN expert
Special Rapporteur Olivier De Schutter said most of those who will fall into extreme poverty will be workers in the informal sector or in precarious employment conditions, especially women
COVID-19 lockdown paves the way to provide social security to domestic workers in urban India, rethink employee-employer relationship
While the COVID-19 lockdown is the best time for the employers to rethink the adequacy of wages for domestic workers, it provides an opportunity for workers to switch to online transactions with employers
Where do we go from here? India should consider self registration, inter-state welfare schemes for migrant workers' social security
The ongoing migrant workers crisis has amplified the need for a universal and comprehensive social security regime for all workers in the informal sector
Coronavirus Outbreak: Over 1.25 bn jobs at stake; Asia-Pacific region to see greatest loss in work hours, says ILO
Over 1.25 billion workers are seeing their livelihoods threatened by the COVID-19 pandemic, the United Nations said on Tuesday, warning it was the "worst global crisis" since World War II.
Spain overtakes China's coronavirus death toll, major relief packages in the works as India remains under lockdown
At last count, there were over 4,71,400 global cases and around 21,300 deaths.
Indian women’s unpaid work amounts to 43 times Apple’s turnover; females hardest hit by rising economic inequality: Report
The paid work women do bring them less earnings as compared to men due to the existing wage gap and therefore households that rely primarily on female earners tend to be poorer.
CMIE data shows 11 mn jobs lost in 2018: Labour reforms need of the hour, but no political party is serious about it
According to a report by the Centre for Monitoring Indian Economy (CMIE), job losses, and the number of unemployed people in the country have been steadily rising
Arvind Subramanian's comment on demonetisation: Why do economists keep mum on critical issues till they retire?
There was hardly any instance, Subramanian criticised the demonetisation in such strong language at any point of time when he was the CEA.
Financial challenges, social barriers make breastfeeding tough for women engaged in India’s informal economy
When bringing a child to work is not an option, mothers have to make alternative arrangements to balance work and care.
India’s missing employment data: We aren’t better off as a nation living in the dark about job scenario
The last time the labour bureau released job data, it showed unemployment in the country rose to a five-year high of 5 percent in 2015-16.
Manmohan Singh said it was early to conclude that economic slowdown reversed as 6.3 percent growth rate did not take into account small and medium sectors
Narendra Modi govt is overdoing its war on black money; it’s high time focus shifts to jobs creation
Regardless of how the government couches the dismal jobs scenario, black money crackdowns haven’t helped
GST launch: New tax regime isn’t perfect; but by disowning it, Congress is forgetting fair rules of the game
GST in the current format isn’t an ideal one, but it is good enough to begin with even with the imperfections
Informal or unorganised sector accounts for nearly 50 percent of India’s gross domestic product and is responsible for more than 80 percent of total job creation in the country
Ultimately, the cash shortage is like the liquidity shock and unless it had led to a substantial wealth destruction one would expect its effects to be quite temporary, said RBI deputy Viral Acharya
Doubts surrounding India's GDP number just refuse to die down. With every new GDP number there is a chain of suspicions and denials
The GDP numbers capture economic activity in the formal sector, which constitutes just 10-15 percent of the economy while the informal sector accounts for an estimated 45-50 percent
The US-based ratings agency also revised GDP growth forecast for 2017-18 and 2018-19 lower to 7.7 percent from 8 percent earlier
Some farmers and small businesses say the country's informal credit system has ground to a virtual halt, despite government measures to steer more funds to them, including Rs 23,000 crore in crop loans
The demonetisation of Rs 500 and Rs 1,000 notes will hurt agriculture, informal sector workers — about 482 million people who earn cash incomes — and disrupt India’s consumption patterns for at least the next quarter.