You are here: Home » Current Affairs » News
Business Standard

TMS Ep171: Gig worker shortage, EV policy, markets, sedition law

Why is India facing a shortage of gig workers? Will India's policies help it win the EV race? Will summer cheer hydrate consumer durable stocks? What is sedition law? All answers here

The gig economy | EV market | Markets

Team TMS  |  New Delhi 

Is it the summer heat, steep fuel prices, food inflation or something else? The fledgling online delivery platforms are suddenly facing, what they said, an acute shortage of riders. It forced Swiggy to temporarily suspend its pick-up and drop-off service Genie in three major cities. While most other gig firms are not able to deliver products on time. And all of this is happening when the country witnessed a surge in the labour force last month. So why are gig workers in such a short supply? And how it may affect the food delivery and quick commerce firms? After the gig platforms, let us move on to another fledgling but fast growing industry. US carmaker Ford on Thursday scrapped its plan to manufacture electronic vehicles in India. Elon Musk-owned Tesla is also exploring options in Indonesia after a prolonged haggling with India over duties and tariffs.

So is India’s EV policy enough to turn it into a global EV and battery-manufacturing hub like China? A little policy rejig by the government can indeed woo many more global EV makers to India. Meanwhile, after two consecutive bad summers, the consumer durable sector is finally seeing signs of recovery this year. Rising temperature and an improved consumer confidence are likely to drive demand for the white goods segment. However, soaring inflation, analysts believe, can cap the overall demand. Find out whether you should bet on cool consumer durable stocks as the mercury soars. After the economy and markets, let us turn our focus to the corridors of the Supreme Court where a debate to scrap British-era law is raging. The apex court has now directed the Centre and state governments to keep all the trials and appeals filed under IPC’s section 124 (A) in abeyance. So what exactly is this law? And why do most experts believe that it has been misused since inception? This episode of the podcast offers some insight and more.

Watch video

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, May 13 2022. 08:00 IST