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How to improve female participation in labour force at the grassroots

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As India plans for rapid economic recovery, the governments and policymakers need to ensure women are not left behind. Gram sabhas can be effectively used to push for equal wages for women at the local level


The Union and state governments are perhaps facing one of the biggest economic challenge in Independent India’s history in terms recovery from the COVID-19 pandemic. The pandemic has disproportionately affected women’s employment with female labour participation rate (FLPR) in India falling to 16.1 percent during the July-September 2020 quarter — one of the lowest in recent times. As India plans for rapid economic recovery, the governments and policy makers need to ensure women are not left behind.

Most women in India are employed in informal sectors such as farm labour, allied activities, construction and domestic work. Even before the pandemic, factor such as gender wage gap, unpaid care work, lack of childcare at work, and workplace safety issues kept India’s FLPR one of the lowest in South Asia.

Recognising these factors, the Union and state governments have taken several steps to improve wage gaps. But various indicators show that it is yet to be realised on the ground. The ‘Inclusive by Design’ report reveals informal women workers in India’s construction sector earn 30-40 percent less than their male counterparts.

Local Bodies And Equal Wages

Article 39 (d) of the Constitution directs states to make provisions so that there is equal pay for equal work for both men and women. Gram sabhas, set up under 73rd amendment of the Constitution, can be effectively used to push for equal wages for women at the local level. In Odisha, forums like palli sabhas or gram sabhas have been traditionally used by people’s movements to push for progressive agendas, and people’s rights. In 2013, 12 palli sabhas from tribal areas of Rayagada and Kalahandi in Odisha rejected a mining project. In 2017, a palli sabha was called to approve the construction of a POSO steel plant in Gobindpur.

The Orissa Grama Panchayat Act, 1964 empowers communities to hold palli sabhas, and give recommendations to the gram panchayat for several developmental- and budget-related work. It is essential to leverage such constitutional mechanisms at the local level need to be used for women’s right to equal wages.

Take the case of the women from the Goudkela village of Madanpur Rampur block who are engaged in construction work along with their husbands. The employment in brick, cement and sand factories give them Rs 150 as a daily wage. This is Rs 100 less than what men get. Such gender-based wage discrimination is rampant in Odisha’s construction sector.

Even government-run employment programmes such as the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) continue to face a challenge in providing discrimination free workplaces to women migrants, many of whom have returned from urban centres after the COVID-19 related lockdowns. The lack of crèche facilities, rest rooms at work-sites, and skills are hampering women from negotiating for better wages. This reflects a larger trend of gender discrimination in the MNREGS through studies such as Sameeksha-II.

Wage Disparity Discussion at Pallisabha

Many women candidates in Odisha joined the grassroots politics at the Panchayat Raj level, but in reality, due to patriarchal and social norms, the elected women representatives have hardly organised a palli sabha to discuss issues on wage disparity. For the first time Oxfam India and the Madanpur Rampur panchayat jointly organised a palli sabha on the topic of ‘Gender wage gap and role of Pallisabha’ at Goudkela village to sensitise women. Villagers from seven adjacent villages participated in the palli sabha. To ensure equal wages for equal work a resolution was passed in the palli sabha.

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The village sarpanch also urged women to report wage discrimination so that necessary action could be taken. There are also plans to open a grievance cell at the panchayat office where villagers can approach for government entitlements, and report wage discrimination issues. These learnings from the palli sabha on equal wages and gender issues can be replicated across India to improve the FLPR at the grassroots level.

Such mechanisms at the village level are required to realise the government’s vision to prevent gender-based discrimination in wages, recruitment, and conditions of employment as per new code on wages 2019. In August, the Parliamentary Committee on ‘Impact of COVID-19 on rising unemployment and loss of jobs/ livelihoods in organised and unorganised sector’ recommended improving women workers' ability to negotiate wages. Palli sabhas and the gram panchayat can be a good starting point to implement these codes, and recommendations.

Article Source:- moneycontrol

Cabinet decision to improve public welfare: PM Modi on the extension of the free foodgrains scheme

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The Pradhan Mantri Garib Anna Yojana (PMGKAY) scheme, which was established in March last year to help the poor amid the Covid pandemic, provides free foodgrains in addition to the standard quota granted under the NFSA at a heavily subsidised rate of Rs 2-3 per kilogramme.


Prime Minister Narendra Modi praised the Cabinet's decision to prolong the Pradhan Mantri Garib Anna Yojana's free monthly delivery of 5 kg foodgrains until March 2022, saying it is in accordance with the government's commitment to achieving greater public welfare.


The Pradhan Mantri Garib Anna Yojana (PMGKAY) scheme, which was established in March last year to help the poor amid the Covid pandemic, provides free foodgrains in addition to the standard quota granted under the NFSA at a heavily subsidised rate of Rs 2-3 per kilogramme.

"Today's Cabinet decision would help 80 crore Indians and is consistent with our commitment to improving public welfare," Modi stated on Twitter.

Also Read:- Nirmala Sitharaman inaugurates projects worth Rs 165 crore in J&K

In order to help the poor recover from the Covid pandemic, the Centre has decided to prolong the free monthly supply of foodgrains under the PMGKAY for another four months, until March 2022, at a cost of Rs 53,344 crore to the exchequer.


The PMGKAY has been renewed on multiple occasions, the most recent of which was valid until November 30.

Share Market Closing Note

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Benchmark indices ended lower in the volatile session on November 24 dragged by the auto, IT, FMCG stocks, while banks provided some support.


At close, the Sensex was down 323.34 points or 0.55% at 58,340.99, and the Nifty was down 88.30 points or 0.50% at 17,415. About 1950 shares have advanced, 1249 shares declined, and 142 shares are unchanged.

Tata Consumer Products, Eicher Motors, Infosys, Maruti Suzuki and Grasim Industries were among major losers on the Nifty. Gainers included ONGC, Adani Ports, Coal India, Kotak Mahindra Bank and BPCL.

Among sectors, auto, FMCG and IT indices fell 1 percent each, while buying was seen in the oil & gas and banking names. BSE midcap index fell 0.5 percent, while smallcap index added 0.4 percent.

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Topic :- Time:3.00 PM

Nifty failed to trade above its critical resistance of 17600 and finally crashed and is now trading in red zone down 43 points from its previous close. Nifty spot if closes below 17520 level then expect more pain in the market as nifty still seems to be bearish. Only close above 17520 will result in some pull back.

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Topic :- Time:3.00 PM

Just In:

GAUTAM ADANI SURPASSES MUKESH AMBANI AS ASIAS & INDIAS RICHEST PERSON BASED ON GROUP MARKET CAP

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Topic :- Time:2.30 PM

COPPER Trading View:

COPPER is trading at 739.If it manages to trade and sustain above 740 level then expect some quick upmove in it and if it breaks and trade below 737.80 level then some decline can follow in it.

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Topic :- Time:1.40 PM

Just In:

1. Ipca Labs board approves acquisition of 26.57% of Lyka Labs & enter into a joint management control agreement.

2. Telecos : Govt To Give Back Bank Guarantee worth Rs 35000 cr to Telecos

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Topic :- Time:1.30 PM

GOLD Trading View:

GOLD is trading at 47550.If it manages to trade and sustain above 47580 level then expect some rise in it and if it breaks and trade below 47480 level then some decline is expected to follow in it.

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Topic :- Time:1.15 PM


Digital currencies slump in India as bill to ban private cryptos spooks markets:

Digital currencies on Indian exchanges slumped into a discount of up to 25% compared to their global peers amid panic selling as the government listed a bill to ban all private cryptocurrencies in the country. Crypto prices in India usually trade at a premium against global markets.

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Topic :- Time:1.00 PM

Nifty is looking little tired now. Nifty spot if break and trade below 17540 level then expect some decline in the market and if it manages to trade and sustain above 17580-17600 levels then some upmove can follow. Nifty need to cross and sustain above 17600 spot level in order to show more upmove.

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Topic :- Time:12.30 PM

NATURALGAS Trading View:

NG DEC is trading at 377.60. If it manages to hold above 375 level then expect it to test 383-385 levels quite soon and once it breaks and trade below 375 level then it is likely to slide.

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Topic :- Time:12.30 PM

Just In:

Star Health IPO to open on November 30; sets price band at Rs 870-900/share.

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Topic :- Time:12.15 PM

Just In:

Panic laced with optimism grips investors as House sets table for Crypto Bill.

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Topic :- Time:12.00 PM

Nifty is in mute state and is likely to show breakout soon. Nifty spot if manages to trade and sustain above 17580 level then expect some quick upmove and if it breaks and trade below 17540 level then some decline can follow in it.

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Topic :- Time:11.30 AM

News Wrap Up:

1. MARKETS: Sensex, Nifty at days high; energy stocks in focus; ONGC up 4%

2. Hinduja family feud puts century-old business empire in jeopardy

3. Spoiling the party: Paytm debacle roils market for unlisted shares

4. Bill to ban private crypto to come up in Parliament Winter Session

5. Mobikwik defers its Rs 1,900 cr IPO, says will list at the right time

6. BlackRock says its time to buy China stocks and trim India exposure

7. Sugar shares in demand; Triveni, Dhampur, Balrampur surge up to 11%

8. Bharti Airtel rallies 9% in 3 days after tariff hike; zooms 50% in 6 months

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Topic :- Time:11.00 AM

After positive start nifty is trading in green zone. Nifty spot if manages to trade and sustain above 17560 level then expect some quick upmove and if it breaks and trade below 17520 level then some decline can be seen in the market.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 24 Nov, 2021:

Nifty to remain volatile with global cues acting as trend decider.

Nifty spot if manages to trade and sustain above 17560 level then expect some quick upmove and if it breaks and trade below 17480 level then some decline can follow in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.


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Govt sensitive about ecology: Nitin Gadkari amid concerns over Chardham project

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The road transport and highways minister also asserted that the pace of highways construction in the country will cross 40 km per day in the current financial year.


Amid concerns over the proposed Chardham project, Union minister Nitin Gadkari on Wednesday termed allegations that road construction triggered landslides in Uttarakhand as 'misinformation' and asserted that the government is sensitive about ecology and environment while carrying out development projects.

The road transport and highways minister also asserted that the pace of highways construction in the country will cross 40 km per day in the current financial year.

The pace of highways construction in the country touched a record 37 km per day in the financial year 2020-21.

Recently, the Supreme Court reserved its verdict on pleas with respect to the ambitious project. The strategic 900 kilometre-long Chardham project worth Rs 12,000 crore aims to widen roads and provide all-weather connectivity to four holy places — Yamunotri, Gangotri, Kedarnath and Badrinath — in Uttarakhand.

"This is all misinformation (Ye galat prachar hai). Earlier there used to be flash floods and cloud bursts which used to cause damages and deaths," Gadkari, who is known for expressing frank views on any matter, told PTI.

His remarks also come against the backdrop of concerns about ecological issues expressed in certain quarters on the widening of the road for the Chardham project.

Gadkari pointed out that now, the hilly terrains have been secured with the construction of a tunnel (beneath chamba town). "We are being sensitive about ecology and environment while carrying out development projects," he asserted.

Recently, a bench of Justices DY Chandrachud, Surya Kant, and Vikram Nath, reserved its verdict on a plea of the Ministry of Defence to modify its earlier order and a plea of an NGO ’Citizens for Green Doon’ against the widening of the road.

The apex court was hearing the Centre’s plea seeking modification of the September 8, 2020 order, which had asked the Ministry of Road Transport and Highways (MoRTH) to follow the 2018 circular stipulating carriageway width of 5.5 metre on the Chardham highway project, which goes up to the China border.The Ministry of Defence has sought a modification of the order and directions that the national highways from Rishikesh to Mana, from Rishikesh to Gangotri, and from Tanakpur to Pithoragarh may be developed to two-lane configuration.

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Gadkari said monetisation of some national highways has already fetched the government Rs 25,000 crore. Road assets worth Rs 1.60 lakh crore will be monetised over four years till FY 2025 under the ambitious national asset monetisation plan.
Article Source:-  Moneycontrol

Share Market Closing Note Sensex, Nifty end on a positive note

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Benchmark indices ended on positive note in the highly volatile session on November 23 with Nifty closing above 17500.


At Close, the Sensex was up 198.44 points or 0.34% at 58,664.33, and the Nifty was up 86.80 points or 0.50% at 17,503.30. About 2346 shares have advanced, 829 shares declined, and 153 shares are unchanged.

JSW Steel, Coal India, Power Grid Corp, NTPC and Tata Steel were among major gainers on the Nifty. Losers included IndusInd Bank,

Asian Paints, Infosys, Bajaj Auto and Wipro.

Except IT, all other sectoral indices ended in the green, with power, metal, realty, pharma, capital goods, oil & gas, PSU bank indices up 1-3 percent. BSE midcap and smallcap indices rose over 1 percent each.

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Topic :- Time:3.00 PM

Nifty spot close above 17460 level will result in some further upmove in coming session and if it closes below above mentioned level then some sluggish movement is likely to follow in the market. Avoid open positions for tomorrow.

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Topic :- Time:1.20 PM

Just In:

Paytms IPO flop may embitter millions of retail investors.

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Topic :- Time:1.00 PM

Nifty is in green now. Nifty spot if manages to trade and sustain above 17440 level then expect some quick upmove in the market and if it breaks and trade below 17400 level then some decline can follow in Nifty.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 733.15.If it breaks and trade below 732 level then expect some decline in it and if it manages to trade and sustain above 734.20 level then some upmove can follow in it.

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Topic :- Time:12.20 PM

Just In:

NCLT to hear Dish TV-Yes Bank matter on December 22.


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Topic :- Time:12.00 PM

Nifty is showing good bounce back. Nifty spot if manages to trade and sustain above 17480 level then expect some further upmove in the market and if it breaks and trade below 17440 level then some decline can follow in the Nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Broader indices outperform; breadth favours buyers in 2:1 ratio

2. Startups may have to rethink IPO plan after Paytms market crash

3. Mukesh Ambani looks to Walton family plan on succession

4. Paytm bounces back, gains 7% after a 37% fall in two trading sessions

5. With Rs 7,000 cr stuck, over 20k PMC Bank depositors play waiting game

6. Vedanta up 8% as Moodys sees no impact on credit quality post biz spin-off

7. Singapores Broad Peak, partner to invest $300 mn in Indian stressed assets

8. Go Fashion IPO subscribed 135 times on closing day despite Paytm fiasco

9. Jesons Industries files draft IPO papers; aims to raise to raise Rs 900 cr

10. Latent View sees bumper debut, lists at 169% premium against issue price

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Topic :- Time:11.00 AM

After negative start nifty is slowly recovering now however its still trading in red zone. Nifty spot if manages to trade and sustain above 17420 level then expect some quick upmove and if it breaks and trade below 17380 level then some decline can be seen.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 23 Nov, 2021:

Nifty to remain volatile with global cues acting as trend decider.

Nifty spot if manages to trade and sustain above 17480 level then expect some quick upmove and if it breaks and trade below 17380 level then some decline can follow in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.

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India's GDP to grow 9.1% in 2022: Goldman Sachs

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After India's economy contracted by a sharp 7 percent in 2020, Goldman Sachs pegged the economy to grow at 8 percent in 2021 and 9.1 percent in 2022.


It earlier estimated India's economic growth to 11.1 percent in fiscal year to March 31, 2022.

It expects consumption and investment to be the key drivers of growth in 2022.

"We expect consumption to be an important contributor to growth in 2022, as the economy fully re-opens driven by a notable improvement in the virus situation and adequate progress on vaccination," Goldman Sachs said in a report.

"We also expect government capital spending to continue, see nascent signs of a private corporate capex recovery, and a revival in housing investment," it added.

The brokerage also forecasts the headline CPI inflation to increase to 5.8 percent in 2022 from 5.2 percent in 2021, led by an increase in core inflation as manufacturers pass on input cost increases to consumers as demand recovers with full economic re-opening.

Santanu Sengupta, India economist, Goldman Sachs said," Given higher oil prices and the domestic demand recovery, the current account is going to open up and the deficit in our estimation is going to go up from 0.9 percent of GDP to 1.5 percent of GDP."

The brokerage also expects cumulative 75 basis points of repo rate hikes in 2022. 

"India did a lot in terms of  liquidity loosening, keeping the banking system liquidity in surplus throughout the Covid period, and it had cut reverse repo rate. So, what you're seeing now is the reversal of that liquidity loosening. So, the banking system liquidity will get tighter over time. And at some point of time, the policy corridor will be narrowed that that is the reverse reverse repo rate will be hiked," said Sengupta.

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Nirmala Sitharaman inaugurates projects worth Rs 165 crore in J&K

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The Union minister inaugurated work pertaining to health, education, urban infrastructure and disaster management — amounting to Rs 130.49 crore, an official spokesman said.



Union Finance Minister Nirmala Sitharaman inaugurated development projects worth Rs 165 crore in Jammu and Kashmir. These include Jhelum and Tawi flood recovery projects, officials said.

The Union minister inaugurated work pertaining to health, education, urban infrastructure and disaster management — amounting to Rs 130.49 crore, an official spokesman said.

He said the minister also laid foundation stone for UT-level emergency operation centre and SCADA (Supervisory Control And Data Acquisition) control building at Budgam — amounting to Rs 34.88 crore under the Jhelum and Tawi Flood Recovery Project (JTFRP).

The spokesman said the sub-projects are part of the JTFRP which is assisted by a credit of USD 250 million from the World Bank. The project was started in J-K in the aftermath of the devastating floods of September 2014 which severely affected low lying areas of Anantnag, Srinagar and adjoining districts, causing immense damage to housing, livelihood, and roads and bridges.

The project aims at both restoring essential services disrupted by the floods and improving the design standard and practices to increase resilience, the spokesman said.

He said the high social impact of JTFRP was felt in the COVID-19 pandemic response by the Government of Jammu and Kashmir, wherein an amount of USD 50 million was allocated and utilised by activating the Contingency Emergency Response Component (CERC) under the project.

Medical equipment worth Rs 290 crore and 30 oxygen generating plants at a total cost of Rs 75 crore were procured, thereby, giving a boost to the health infrastructure to cope with the challenges posed by the pandemic, he said.

In a significant step towards self-reliance of artisans of the Union territory, many artisan clusters were developed under this project with an objective of reviving the traditional crafts and providing gainful employment opportunities to youth, the spokesman added.

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Why Nifty Is Falling Today

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Reasons Why Nifty is falling like anything:


Covid lockdowns: 

Austria said it would reintroduce lockdowns -- and make vaccination mandatory from February -- to fight a worrying jump in new infections. Other countries including Germany, Slovakia, the Czech Republic and Belgium were also bringing in measures.


Rate hikes earlier than expected: 

Bundesbank president Jens Weidmann publicly contradicted the European Central Banks official line on Friday, warning that inflation may stay above 2 per cent for some time and that the ECB should avoid any commitment to keeping the money taps open.



Crude oil falls: 

Oil extended losses as major consumers including the United States considered releasing some of their reserves to keep a lid on prices, which have been a key reason for the jump in inflation this year.


Broader markets:

Broader market indices were trading down, underperforming their headline peers in morning trade. Nifty Smallcap was down 0.84 per cent while Nifty Midcap declined 0.83 per cent. Broadest index on NSE, Nifty 500 was down 0.58 per cent.


Global markets:

Asian markets mostly fell Monday. In early trade, Tokyo, Hong Kong, Sydney, Wellington, Taipei, Manila and Jakarta were all down, though there were gains in Seoul and Singapore.


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GST on apparel, textiles and footwear up from 5% to 12%, effective January

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The GST hike was notified by the Central Board of Indirect Taxes and Customs (CBIC) on November 18

With effect from January 2022, the government has raised the goods and services tax (GST) on finished goods such as garments, textiles, and footwear from 5% to 12%.

The Central Board of Indirect Taxes and Customs (CBIC) announced this on November 18.

The GST rate on fabrics has been raised to 12 percent from 5 percent, and the GST rate on garments of any value has been raised to 12 percent, compared to the previous rate of 5 percent on items priced up to Rs 1,000.

According to sources, the Clothing Manufacturers Association of India (CMAI) expressed "great displeasure" with the government's decision to raise GST rates on clothes on November 19.

This is a developing story, please stay tuned for more... 

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EU imposes tariffs on stainless steel from India, Indonesia

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The European Commission, which conducted the investigation, has set duties of 10.2% for Indonesia’s IRNC and 20.2% for other Indonesian producers, the EU official journal said on Thursday.


The European Union has imposed tariffs on imports of cold-rolled flat stainless steel products from India and Indonesia after an investigation found they were being sold at artificially low prices.

The European Commission, which conducted the investigation, has set duties of 10.2% for Indonesia’s IRNC and 20.2% for other Indonesian producers, the EU official journal said on Thursday.

The rates for India are 13.9% for Jindal Stainless Ltd and Jindal Stainless Hisar Ltd and 35.3% for other Indian producers.

The Commission said that the anti-dumping duties, to take effect from Friday, aim to remedy damage caused to EU producers such as Acerinox and Outokumpu.

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