Recently, the Haryana government announced its policy of reserving 75 per cent of the State’s jobs in the private sector for candidates who are domiciled in the State. This is not a new case as the Andhra Pradesh government had passed similar legislation in 2019 and many States in India are in the line to enact such legislation to ensure employment to its unemployed population. The recent trend of ‘the locals first’ policy in job is more about fulfilling poll promises than ensuring job to the unemployed and it has several implications for the State, and the country as a whole. It not only acts as a hurdle to the hopes of the inter-state migratory population but also brings into question some of the constitutional dimensions which grant certain rights to all the citizens of India.
Due to its high dependence on roads for the goods’ movement, India had long suffered from high logistics costs and slow economic progress. This situation is expected to change next year when Eastern Dedicated Freight Corridor and Western Dedicated Freight Corridor are set to be operationalised after the completion of the first phase of the DFC project.
As the Government passes the new labor laws and when the sudden loss of employment of thousands of laborers during the Covid 19 pandemic captures the limelight, the question of the right to work has become a focus of many. The ‘’right to work’’ is an essential part of human life. One must work to earn and fulfill the basic needs of one’s life. It is considered to be one of the foundations for the realization of other human rights. But time and again this right has come into question. It thus becomes important to understand this issue and see its various aspects to come to a legitimate conclusion.
The Production Linked Incentive Scheme announced recently by the Indian government under the Atmanirbhar Bharat Abhiyan is an important initiative needed for achieving the ambitious goal of becoming a $5-trillion economy. It covers various sectors that already have a considerable advantage but without realising the full potential.
After the European Union and the USA spelled their plan for a new green deal, it is important that India incorporates a green program that tries to minimize environmental degradation and provide a more sustainable growth model. The Pandemic is a golden opportunity to consider the idea of Rainbow new Deal put forth by some environmental activists.
The Corona pandemic since it hit the world has been successful not only in exposing the sorry state of health systems around the world but also able to put some hard questions to policymakers about issues of polity, society, and economy. India’s case has been no different than the others. In India, the pandemic and its impact has been most starkly visible in the long march of migrants to their native states for the lack of livelihood opportunities in the migrated cities and states. As this is the response of migrants, the host states are grappling with economic issues of slowdown and unemployment. And once again, many states have sought to answer those questions with old strategies, one of which is nativism
The Central government has extended the Rs.45,0000 crore Partial Credit Guarantee Scheme 2.0 by another three months and has allowed the banks to invest more in better-rated NBFCs. The scheme was announced as a part of the ‘Atmanirbhar Bharat Abhiyan’ Package to provide liquidity support to weaker NBFCs, housing finance companies and microfinance institutions.
As India continues to fight the pandemic of COVID-19, The PM recently made a clarion call for a post-pandemic economic redemption. The Atmanirbhar Bharat i.e. Self-reliant India is a policy that aims to convert the crisis into opportunity and boost the Make in India program. The Finance Minister explained the nitty-gritty of the policy in a press conference.
For the first time since the Great Depression, both advanced economies and developing economies are facing recession due to COVID-19 …