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.
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Payroll is one of the few business functions that employees notice only when something goes wrong. A delayed salary, an incorrect tax deduction, or a compliance lapse can erode employee trust and create significant business risk. Behind every payslip lies...
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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%...
