Office of the Chief Labour Commissioner Subject :Economy Section :Unemployment Context: The Office of the Chief Labour Commissioner noted that the non-compete clause in the contract of Infosys employees-has been alleged to be unethical and illegal by the complainant.It added that a joint discussion will be held on the issue on Thursday. Concept: […]
Rupee Depreciation Subject :Economy Section :External Sector Context: After the 1991 crisis, which led to the devaluation of the rupee, there has been no crisis originating in India that has impacted the country’s external sector to an extent that would lead to rupee weakness. Yet the rupee has depreciated 492 per cent since […]
State of (un)employment in India Subject : Economy Section :Unemployment Context: According to Centre for Monitoring Indian Economy (CMIE) India’s labour force participation rate (LFPR) has fallen to just 40% from an already low 47% in 2016. This suggests not only that more than half of India’s population in the working-age group (15 years […]
How ethanol can save sugarcane farmers Subject: Economy Section: External Sector Context- The diversion of sugarcane to ethanol production could be a win win for both farmers as well as for the energy security of the country. Concept- This season’s drought in Brazil affected sugar production and hence Indian sugar is in demand. […]
Edible oil Subject: Economy Section External Sector Context: A ban on crude palm oil could have impacted India much more as India meets 85% of its requirement of crude palm oil via imports, and the bulk of the imports are from Indonesia and Malaysia. Details: India’s vegetable oil economy is the world’s fourth […]