Corporates as Bankers: Bane or boon for economy?

A recent report by an Internal Working Group (IWG) of the Reserve Bank of India has attracted a lot of attention as well as criticism for its recommendations including the one that suggests corporate houses be given bank licences. Rationale to constitute IWG by RBI: The IWG was constituted to “review extant ownership guidelines and… Continue reading Corporates as Bankers: Bane or boon for economy?

Reservation for locals in private jobs | 9th Nov. 2020

News:  Haryana government has passed the bill for 75 percent reservation in private sector jobs for locals having Haryana domicile. About Haryana State Employment of Local Candidates Bill, 2020  Bill provides for a 75 per cent job quota for local people in private sector jobs which offer a salary of less than Rs. 50,000 a… Continue reading Reservation for locals in private jobs | 9th Nov. 2020

Gig Economy and platform workers under labor laws in India | November 2nd, 2020

What is the Gig Economy and platform work economy? It is characterized by short-term contracts or freelance work as opposed to permanent jobs. It often involves connecting with customers through an online platform. Example: Delivery boys of app-based food, consultants, bloggers. The platform work economy is sometimes referred to as the gig  worker economy, but… Continue reading Gig Economy and platform workers under labor laws in India | November 2nd, 2020

Industrial Revolution 4.0: challenges and way forward | 29th October, 2020

Industrial Revolution 4.0 refers to the fourth industrial revolution related to manufacturing and chain production. It is driven by breakthroughs in digital technologies, such as artificial intelligence, robotics, 3D printing, the IoT, Big Data etc. The Drivers of Change: Technological breakthroughs: New technological innovations such as Big Data, 3-D printing, artificial intelligence and robotics is… Continue reading Industrial Revolution 4.0: challenges and way forward | 29th October, 2020

GST Compensation issue: analysis

GST Compensation issue In News: Centre-state friction is growing over pending GST compensation payments issue under the Goods and Services Tax (GST).  The Finance Minister noted that the financial crisis facing the States is a result of an “act of God”. About GST The Goods and Services Tax in India is comprehensive, multi-stage, destination-based value-added… Continue reading GST Compensation issue: analysis