Budget 2017: Staying the course on job creation
An authored article of Manish Sabharwal in Mint talks about how the 2017 Union Budget recognizes that India’s problem is not jobs but formal enterprises. A government focused...
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.
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Reforms shape the future only when they simplify the present. India’s new Labour Codes stand out as one of the most meaningful updates to the country’s labour framework. Over the years, 29 different laws have guided employer–employee relationships, each tailored...
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Budget 2017: 3 interventions each for improving education and skills, and increasing formal employment.
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%...
