Japan’s labor ministry panel has decided to increase the national average minimum wage by 5% to 1,054 yen ($6.85) per hour, the largest ever increase. This move aims to boost household purchasing power and address rising living costs and labor shortages. However, it may impact small businesses struggling with profit margins. The new minimum wage will be implemented by each prefecture from October.
BharatPe founder Ashneer Grover criticized the Union Budget 2024, calling it ‘boring, lifeless, and meaningless’. He expressed disappointment with the budget’s content, stating that it lacked substance and offered little for the people. He also compared watching the budget presentation to watching an Ambani wedding function, suggesting both were a waste of time.
India’s Finance Minister, Nirmala Sitharaman, presented her seventh consecutive budget on Tuesday, introducing significant changes to the tax regime. This includes an increase in the standard deduction for salaried employees under the new tax regime and the unveiling of new tax slabs, aimed at simplifying the tax structure.
Finance Minister Nirmala Sitharaman unveiled the Union Budget 2024-25, outlining nine key priorities for economic growth, including productivity, job creation, social justice, and sustainable agriculture. The budget emphasizes climate-resilient farming practices, natural farming initiatives, and the release of high-yielding seeds to enhance agricultural output.
The Union Budget 2024 brought changes to various goods and services, impacting consumers’ pockets. This article details the items that have become costlier and the ones that have become cheaper, providing insights into the budget’s impact on everyday expenses.
Prime Minister Narendra Modi praised the Economic Survey, released ahead of the Union Budget, highlighting its emphasis on the Indian economy’s strengths and the positive outcomes of government reforms. He also mentioned the survey’s identification of areas for future growth as India progresses towards its ‘Viksit Bharat’ vision.
The Lok Sabha Elections 2024 highlight the critical role of employment and inflation in shaping the political landscape. While India faces challenges in unemployment and underemployment, there is a significant opportunity to leverage the increasing female labor force participation rate, particularly in rural areas. This article explores strategies to empower women in the workforce, including promoting traditional occupations, expanding access to resources, and creating safe work environments, ultimately leading to increased family income and a stronger economy.
A debate on unemployment rages in India, with the government citing data suggesting job creation while independent reports indicate a stark reality of widespread unemployment. This article examines the conflicting data sources and the implications of ignoring the true extent of the problem.
As India prepares for the Union Budget 2024, the future of public sector banks (PSBs) hangs in the balance amid reports advocating disinvestment of government shares. While the SBI has recommended disinvestment, experts suggest the government may prioritize other areas in the upcoming budget, potentially postponing any major disinvestment plans to the following financial year.
European Commission President Ursula von der Leyen has unveiled a comprehensive agenda for her second term, focusing on strengthening European defence, boosting economic competitiveness, tackling climate change, managing migration, and promoting affordable housing. Her plans include the creation of a European Defence Union, a European Savings and Investments Union, a Clean Deal Industrial Deal, a legally-binding emissions reduction target, and a new approach to migration management.
