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Why in the news? The Union government’s increasing use of cess, reducing the share of divisible taxes to states, has sparked concerns over federalism and financial fairness for state governments. Cess as a Tool to Centralise Revenue: Cess is a specific tax imposed for a designated purpose but not shared with state governments. The Modi …
Read MoreWhy in the News? The Periodic Labour Force Survey (PLFS) from July 2023 to June 2024 shows that India’s unemployment rate (UR) remains unchanged at 3.2%, similar to the previous year. Despite a slight increase in agricultural workforce participation, manufacturing employment shows no growth. Workforce Participation Increases: The Labour Force Participation Rate (LFPR) rose in …
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