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Only three non-NDA parties backed farm bills

NDA still does not have a majority in the 244 member Rajya Sabha and has to bank on parties like BJD, TRS, AIADMK and even BSP, along ...
The Economic Times
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| 21 September, 2020, 02:13 AM IST | E-Paper
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    MSME ministry lays out new guidelines for pottery, beekeeping activities

    This is being done to enhance the production, technical knowhow of pottery artisans and to develop new products at reduced costs; and to enhance the income of pottery artisans through training and modern / automated equipment.

    Ministry of renewable energy to extend project deadlines to cover lockdown disruption

    The ministry said on April 17 that it would regard the ...

    'One-time cash transfer, basic food supplies for 3 months can help tackle labour migration problem'

    It said distributing money through direct...

    • The findings are part of a nationwide survey conducted by CII last week to determine the effectiveness of the exit from lockdown in specific zones and sectors.

      Consider the circumstances. The economic shock has devastated three of the four engines of economic growth: private consumption, private investment and exports. The finance minister needs to pilot a $2.6 trillion economy on one engine: government spending. This requires greater skills in politics than economics.

      Circumstances have presented India with another chance where it can capitalise on the flight of companies from China that is underway because of the Covid-19 crisis. The continued presence of restrictive labour laws, however, continues to make India an unfavourable destination for manufacturing as compared to Southeast Asian economies like Vietnam.

      Finance Minister Nirmala Sitharaman on Monday sought the Parliament nod for additional spending of Rs 2,35,852.87 crore, including Rs 40,000 crore towards enhanced expenditure under Mahatma Gandhi National Rural Employment Guarantee Program.

      Ministry sources said that in the present economic scenario during the COVID-19 pandemic, any purported proposal of introducing a calamity cess would be nothing less than an adversity itself. This would prove to be counter-productive, as sales are already at low volume and the industry is facing a deep crisis for want of demand and likely labour challenges, a source said.

      The labour ministry may soon include gig workers under the existing social security schemes of the government, which would make them eligible for pension and medical benefits.

      Centre plans to create a mega portal with NITI Aayog's ‘Unnati’ that will cater exclusively to the needs of the blue and grey collar workers in the country following a diktat from PM Modi to help workers get jobs in their state.

      In a meeting with the 8-member group of ministers on skill development and employment generation on Monday evening, attended by several other senior ministers, Modi is learnt to have asked the GoM and concerned departments to work continuously to find new ideas to generate new job opportunities for all.

      Speculations are rife that the interest rate on EPF may be lowered to 8.5% for the current fiscal, a tad lower than 8.65% provided for 2018-19. As per sources, the agenda for the CBT meeting has not yet been finalised and it is difficult to predict EPFO's income projections for the current fiscal, which will be the basis for fixing the rate.

      The new PAC constituted at the beginning of this financial year has not held any meeting so far. The first meeting is crucial as selection of subjects to be taken up will be finalised in this sitting. Standing Committee on Labour Chairperson Bhartruhari Mahtab is optimistic that a meeting can be convened soon.

      Gujarat’s new industrial policy launched on Saturday talks about dormitory housing for migrant workers near industrial zones under state and central urban housing schemes, while some others including Haryana, Tamil Nadu and Karnataka are working on similar policies, people aware of the development told ET.

      The ministry, however, cautioned against any movement of labourers between states or Union Territories where they are currently located.

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