Members of the European Union (EU) have found themselves in a precarious position by joining the U.S. in its proxy war against Russia. An observer noted that European countries are imposing more [.]
A new package of sanctions aimed at punishing Russia for its invasion of Ukraine stands to decimate Western economies. The G7 nations, including the United States, announced on Sunday that from [.]
Former Japanese Prime Minister Shinzo Abe has warned China that the invasion of Taiwan would be ?economic suicide,? noting that Japan and the US would not
Former Japanese Prime Minister Shinzo Abe has warned China that the invasion of Taiwan would be ?economic suicide,? noting that Japan and the US would not
Rituparna Chakraborty, Co-founder of Team Lease minces no words when she describes the law as economic suicide . She points out that it won t take time for companies, especially in the tech space to just move out of Gurugram rather than adhere to the law. It has proven the adage that good politics leads to bad economics. It will cost the state much-needed jobs, she points out.
Haryana is not the only state that has latched on to the idea of reserving jobs in the private sector by passing laws. Several others including Maharashtra and Madhya Pradesh have some form of a similar law being readied at various stages. As unemployment numbers remain daunting, promising jobs during elections is a populist way of staying in power. This is not going to help people actually find jobs, says Mahesh Vyas of CMIE, a research firm that puts out regular employment data. CMIE s latest data shows an unemployment rate of over 26% in Haryana, one of the highest among states. Vyas believes the move