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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Editor's note: Let me start this edition of Things Change with a very short story. One that my father, bless his soul, would often tell. Once upon a time in a crowded market, one man said to another: “The crow got your ear.” The second man ran behind the crow, a stone in hand. He ran for a while before someone stopped him, asked him why he was running and told him both his ears were intact. (This story is fictional and has no relation to any events, past or present. Any resemblance is a mere coincidence.) That said, let’s take a look at a major announcement made by finance minister Nirmala Sitharaman in the course of her budget speech on Monday. “We will conclude a process that began 20 years ago, with the implementation of the 4 labour codes. For the first time globally, social security benefits will extend to gig and platform workers. Minimum wages will apply to all categories of workers, and they will all be covered by the Employees State Insurance Corporation. Women will be allowed to work …
Editor's note: Let me start this edition of Things Change with a very short story. One that my father, bless his soul, would often tell. Once upon a time in a crowded market, one man said to another: “The crow got your ear.” The second man ran behind the crow, a stone in hand. He ran for a while before someone stopped him, asked him why he was running and told him both his ears were intact. (This story is fictional and has no relation to any events, past or present. Any resemblance is a mere coincidence.) That said, let’s take a look at a major announcement made by finance minister Nirmala Sitharaman in the course of her budget speech on Monday. “We will conclude a process that began 20 years ago, with the implementation of the 4 labour codes. For the first time globally, social security benefits will extend to gig and platform workers. Minimum wages will apply to all categories of workers, and they will all be covered by the Employees State Insurance Corporation. Women will be allowed to work …
Fiscal discipline holds on paper, but the number is propped up by higher borrowing and revenue sources that are far from stable.
How well rural consumption is doing is subjective. What isn’t subjective is how growing indebtedness, combined with stagnant income growth, is creating a tinderbox for households, banks and consumer companies that no one is talking about.
Exploitation of unskilled workers is at the heart of quick-delivery service businesses in India. They should be valued for what they are and not what they pretend to be, a trait that has taken a devious form of wanting it both ways.
Fiscal discipline holds on paper, but the number is propped up by higher borrowing and revenue sources that are far from stable.
How well rural consumption is doing is subjective. What isn’t subjective is how growing indebtedness, combined with stagnant income growth, is creating a tinderbox for households, banks and consumer companies that no one is talking about.
Exploitation of unskilled workers is at the heart of quick-delivery service businesses in India. They should be valued for what they are and not what they pretend to be, a trait that has taken a devious form of wanting it both ways.
