LIVING WAGE
Darkness to death in minutes: Spurious liquor claims 53 lives, leaves community reeling
In Karunapuram, Kallakurichi district, Tamil Nadu, the tragic toll of spurious liquor has reached 53 deaths. The incident has devastated families like that of M Radha, whose husband succumbed after consuming the toxic brew. The community, largely comprising daily wage laborers, often turns to illicit arrack for relief from physical strain. The addition of methanol, a lethal chemical, to the arrack exacerbated the crisis, causing symptoms like blindness and organ failure.
Charting the Global Economy: ECB cuts rates, US payrolls surge
The collapse of Modi’s support in Uttar Pradesh, India’s most-populous state and a one-time party stronghold, amounted to a collective rebellion from millions of people left behind in one of the world’s fastest-growing economies.
Kolkata residents stare at difficult days as workforce leaves city to vote
Polling will take place in various constituencies in Kolkata and its adjacent districts of North, and South 24 Parganas in the final leg of the general elections.
Why India needs three salary wedges to look beyond reservations to reduce injustices
Rahul Gandhi's quota cap strategy echoes Indira Gandhi's tactics on quotas from Neerja Chowdhury's book. In 1980, she guided P Shiv Shankar on handling the Mandal Commission report, emphasizing the delicate balance of quotas' impact. India in 2047 aims to move beyond reservations and adopt an abundance mentality focusing on employment and education, shifting from scarcity thinking.
Unionised US Apple store votes to authorise strike
Unionized workers at a Maryland Apple store voted on Saturday to authorize a strike, which would mark the first such labor action against the retailer in the United States if it goes forward. Employees at the Apple store in the town of Towson, outside of Baltimore, voted to unionize in 2022 -- another first for the iPhone maker's US stores.
Panel to relook at floor wage rates, prepare a road map
A high-level expert panel on floor wages in India is set to re-examine the wage rates finalised earlier, considering minimum wages notified by all states across three categories. The panel, led by SP Mukherjee, will hold its final meeting on May 27 and submit its report to the new government by June 2024. The three-year term of the expert committee, established in 2021, will end on June 30, 2024.
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Pakistan struggles with soaring inflation and widening wage disparities
The government's decision to devalue the currency by over 50 per cent within a year and eliminate subsidies as part of the latest instalment of the International Monetary Fund bailout package has exacerbated the nation's cost-of-living crisis.
Congress will raise tea workers' wages in Assam: Priyanka Gandhi
Congress leader Priyanka Gandhi Vadra led a roadshow in Jorhat district of Assam, advocating for party candidate Gaurav Gogoi and promising to increase the daily wages of tea garden workers if the opposition alliance wins the Lok Sabha elections. She criticized the ruling party, claiming they aim to alter the Constitution, which would negatively impact the common people.
UK unemployment rises as wage growth eases
The UK unemployment rate rose to 4.2 percent in the three months to the end of February, up from 3.9 percent in the three months to January, the Office for National Statistics (ONS) said in a statement.
Congress manifesto for Lok Sabha election 2024: Key announcements and highlights
Congress Lok Sabha election manifesto: The name of the party's manifesto this time ‘Nyay Patra'. 'Paanch Nyay' and 'Pachees Guarantee' is the broad theme of the party's manifesto this time.
We have done it before and we will do it again: Congress manifesto panel head P Chidambaram
Former Union Finance Minister P. Chidambaram, head of the Congress manifesto committee, unveiled the party's 'Nyay Patra' manifesto today, expressing confidence in Congress's ability to return to power after the Lok Sabha polls. Highlighting the need for justice, Chidambaram lamented the decline in the last decade, especially in the past five years. He warned of institutional degradation and a shift towards autocracy, underscoring Congress's commitment to a new India with promises focusing on 'Work, Wealth, and Welfare'.
Living wage augurs well for contractual staff
India transitioning to living wages with ILO, affecting labor costs. Disparities in pay among different worker types. Global minimum wage increases noted. Italy resists implementing minimum wage. Challenges anticipated for MSMEs, SMEs, and gig workers.
India plans to replace minimum wage by living wages by 2025; Here's what it could it mean
India is planning to replace its minimum wage system with a living wage by 2025, seeking assistance from the International Labour Organization (ILO) to develop a framework for estimating and implementing it. The move aims to lift millions out of poverty and ensure their well-being. India has more than 500 million workers, with 90% in the unorganized sector. While many earn a daily minimum wage of ₹176 or more, stagnant since 2017, the national wage floor lacks enforceability across states, leading to wage payment discrepancies.
India plans to shift from minimum wage to living wage by 2025
Living wages – a minimum income necessary for a worker to meet their basic needs, factoring in key social expenditure by an individual such as housing, food, healthcare, education and clothing – were endorsed by the ILO earlier this month. These would be higher than basic minimum wages. “We could go beyond minimum wages in a year,” a senior govt official told ET.
Centre likely to notify MGNREGS wage revision, calls it 'routine' exercise
The Centre determines wages under the flagship scheme under sub-section (1) of section 6 of the Mahatma Gandhi National Rural Employment Guarantee Act, 2005, which says the Central government may, by notification, specify the wage rate for its beneficiaries.
What the US economy needs is a cheap date
Food prices have increased by 25%, taking up over 11% of income in the US. Despite inflation, people spend more in restaurants. Meanwhile, TVs, air conditioning, and car services became cheaper. This has resulted in a big drop in the standard of living for many people. There has been a lot of theorising about why so many Americans feel worse off economically. True, real wages are now finally increasing, the labour market is great, the stock market is up, and consumers are spending. But none of this amounts to a complete picture of Americans' quality of life.
UK retail sales rise by most in nearly three years, suggesting recession will be short-lived
In January, British retail sales surged by a robust 3.4%, surpassing economists' expectations and marking the largest increase since April 2021, following a sharp 3.3% decline in December, the steepest since January 2021. Analysts suggest this signals a diminishing impact of higher interest rates on consumer spending, indicating a potential exit from recession soon.
Voting begins in Indonesia to elect new President, other leaders
The people of Indonesia will elect not only a new president and vice president but also parliamentary and local representatives in the world's largest single-day election.
Strong pitch for hike in NREGS base wage rate
The standing committee on rural development & panchayati raj has called for an upward revision of the base wage rate under the Mahatma Gandhi National Rural Employment Guarantee Scheme. At the same time, it has suggested that the base year used for computing wage growth be updated from the current 2009-10 to reflect today's reality.
Wages under MGNREGA inadequate, says parliamentary panel
The Parliamentary Standing Committee on Rural Development and Panchayati Raj, in a report tabled in Lok Sabha, pointed out the high range of variations in MGNREGA wages across the states.
140 crore Indians are living in 'anyaay kaal' imposed by BJP: Congress
"This government has mastered the art of how to shroud the reality behind the dazzle of an event. This is something we must all learn from them. The truth about the economy is that youth from Uttar Pradesh and Haryana are queuing up for jobs for fighting in Israel. This is heart-wrenching," Khera told reporters.
Minimum wages may be hiked before polls
An expert committee headed by SP Mukherjee, set up in 2021 for a period of three years till June 2024, is expected to submit its report soon, and the new floor wage could be notified ahead of the elections likely to be held during April-May, officials said.
2024 Salary forecasts predict 4% hike: Workers anticipate relief amid lingering inflation
Anticipated 4% salary hikes in 2024 offer relief amid ongoing inflation concerns. WTW predicts this uptick, driven by persisting inflation pressures and a competitive labor market. Sectors vary in increments—engineers see 5%, while retail and education lag. Employers emphasize flexibility beyond pay raises. Yet, these hikes may not resolve long-standing wage stagnation issues. Many Americans still struggle financially, with 60% feeling incomes haven't kept up with inflation, signaling broader economic challenges.
NYC minimum wage for delivery drivers upheld by appeals court
The Manhattan-based Appellate Division, First Department on Thursday denied appeals by Uber, DoorDash Inc and Grubhub Inc after a state judge rejected their claims that the law unfairly targets their food delivery services.
U.S.-China relations: The rise and fall of the world's most successful joint venture
Here were two countries separated by the Pacific Ocean, one shaped by freewheeling capitalism, the other ruled by an authoritarian Communist Party, yet conjoined in an enterprise so consequential that economic historian Niall Ferguson coined a term: Chimerica, shorthand for their "symbiotic economic relationship."
Upcoming Netflix French originals: Check out the list for your favourite series
There is a list of upcoming films and series that will be available to the audience in 2024 like The Wages of Fear, GTMax, Nice Girls, and Fiasco.
Karnataka: Industries urge govt to appeal HC order on minimum wages
The Karnataka government is facing pressure from industry associations to contest a recent High Court ruling on minimum wages. They fear that a substantial increase could adversely affect manufacturing and service industries. They argue that minimum wages in neighboring states are lower, and further hikes could erode competitiveness.
Hamas waging propaganda war on Israel with shocking videos: Experts
Hamas is using social media propaganda alongside violence to further their goals, according to experts. They have been live streaming violent acts, posting photos and videos of killings, and spreading messages of helplessness and humiliation. The purpose of this propaganda is to trigger fear and paralysis.
View: Why it's high time for India to adopt 'living wage'
'Living wage' has been defined by Richard and Martha Anker as the remuneration received 'for a standard work week by a worker in a particular place sufficient to afford a decent standard of living of the worker and her or his family'. Elements of a 'decent standard of living' include food, water, housing, education, healthcare, transport, clothing, etc, including provision for 'unexpected events'.
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