May 26 marks the anniversary of the first ever factory strike in the United States, in 1824, at the Slater Mill in Rhode Island. Why should we in 21st Century India bother about a strike that took place long, long ago, in a place far, far away? Because, parts of the country are trying to replicate the very conditions that brought about the strike at Slater Mills. The mill owner decided to extend the working day without any additional pay and cut wages in the weaving department, worked entirely by women, by 25%, on the ground that they had been, out of mistaken generosity, paying them wages that were extravagant for young women. The strike began with 124 young women turning out, as striking work used to be called back then in the US. The Slater Mill management, truth to tell, had it better than what the government of Uttar Pradesh, Madhya Pradesh and Gujarat had proposed for its employers. Slater could employ children aged at least eight, and make them work 12-hour shifts, the ideal … [Read more...] about View: Will labour reform drive away investment?
Indian constitution day
Batra and Mehta have been at loggerheads for some time with the IOA president recently making a statement that he will take over much of the responsibilities of the secretary general.Mehta had had hit back, saying handling of day-to-day affairs of IOA is his job.The latest tussle is on the issue of the term of the Ethics Commission of the IOA headed by retired justice V K Gupta. The Commission was appointed in 2017.Mehta wrote to the Executive Council members, National Sports Federations and state Olympic bodies that the “dissolving of the IOA Ethics Commission (2017-2021) by the president vide letter dated 19/05/2020 has been found to be illegal and the commission is reinstated”. … [Read more...] about IOA President vs Secy Gen: Narinder Batra ‘dissolves’ Ethics Commission, Rajeev Mehta re-instates it
Accordingly, the agency has revised upwards its estimate of gross market borrowings of the states to Rs 8.25 lakh crore in FY21 from its earlier estimate of Rs 6.09 lakh crore, as the states are expected to resort to higher market borrowings to fund fiscal deficit. … [Read more...] about States deficit jumps to 4.5pc of GDP; revenue gap seen to soar 7-times to 2.8pc: India Ratings