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Greater mobility, higher payouts under NREGS, and lower urban wage elasticity are bringing parity between urban and rural manufacturing units. The gap between rural and urban wage growth has widened post-pandemic. The relative stickiness of urban wages with regard to profits may be a factor in the narrowing of the gap.
While speaking on the issue of enabling innovative finance for MSMEs, Amar Patnaik highlighted the role of SIDBI, and indicated that a similar recommendation has been made by the Standing Committee on Finance.
Women and the youth of India lose out when we talk about better-paying jobs in the formal sector, an ET analysis as shown based on data from Employees Provident Fund. The Share of women in the net enrollment to the EPF scheme declined to 20.4%, data shows, even as enrollment in the ESIC increased for both the younger group and women.
The Indian Institute of Technology (IIT) Kanpur and the African-Asian Rural Development Organization (AARDO) jointly conducted the international training pr.