Economy News ( English version)

Month-on-month comparison of the addition of formal workforce, however, shows an increase of 15.6% with December net employee addition at 1.28 million compared to 1.48 million in January.

“It is time for India to bring about protective measures, such as codifying the law of torts, similar to other nations,” a working paper by EAC-PM, co-authored by Aditya Sinha and Bikashita Choudhury, said.

"In view of requirements, it has been decided that CPSUs may issue LoCs on its own financial strength and all such LoCs shall only be issued after specifically inserting the following clause--under no circumstances, the liability under this Letter of Comfort shall devolve on the Government of India," the memorandum said.

In the four fiscals starting 2018-19, a total of 349 assessment orders were passed and a demand totalling Rs 13,566 was raised.

"In accordance with the mandate of the Fiscal Responsibility Act of achieving zero-revenue deficit, the State will adopt a smooth glide path without compromising on our welfare initiatives and developmental priorities," he said.