US, me, myself
India’s problem is not jobs but wages, and living wages won’t come from regulatory fatwas but formalisation (our 60 million informal enterprises don’t have the productivity to pay...
India is still inadequately Formalised, Financialised, Urbanised, Industrialised and Skilled. While the regulatory challenges do pose questions on smoother business functioning and consequent job creation, there are several underlying factors which indicate that there is a lot of work to be done in employment, employability, and ease of doing business.
Social security isn’t about saving for retirement; it’s about staying secure through every stage of work.” The Employees’ Provident Fund Organisation (EPFO) has revamped its withdrawal system, consolidating 13 different provisions into just 3 simplified rules. This change focuses on...
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Non-fiscal interventions for formal employment Allow low-wage employees (people with less than Rs 20,000 per month salary) to choose mandatory salary confiscation: Today, low-wage employees only receive 55%...