Economy

How does a national downturn affect a small, local market in this city? If we want to understand that, we should probably look at the Pudupet spare parts market.  The nation-wide auto sector slowdown has hit the livelihoods of many traders at Pudupet, a second hand vehicle-parts market off Egmore. There has been a slump in metal prices due to the slowdown, a factor that has probably had the most damaging impact on the Pudupet traders.  “There has been a steep fall in metal prices: Iron price has declined to Rs 16 from Rs 25 and aluminium costs Rs 63…

A month ago, Saritha Kumar of Nungambakkam ordered a designer saree from an online store. She paid the cash of Rs 10,000 online and waited for a month. The delivery never reached her. Upon suspicion, when she read reviews from other customers on the store’s Facebook page, Saritha realised she had been cheated just like many others before her. She was shocked to know that even the store’s address and phone number were invalid.  Had Saritha researched about the store before ordering the saree, she would have saved the money. Either due to carelessness or ignorance, a lot of consumers…

The sounds of Carnatic music on the radio fill a cramped room painted blue in a small lane of Mylapore. Photos of Hindu deities adorn the walls, and pieces of jackfruit wood and leather are strewn on the floor. Jesudas Anthony and his son Edwin Jesudas are working in this room, sitting amid hammers, nails, a wooden peg for tuning and castor oil for polishing. Outside, temple bells resound in this old residential neighbourhood of central Chennai. The two master craftsmen make the mridangam, a drum used as an accompaniment in Carnatic (south Indian classical) music. “My grandfather’s father started making mridangams…

If you drive along ECR, you can’t fail to notice how a once distant village in Tamil Nadu has changed into a thriving potpourri of activities. From being a village road that was accessed only to reach Mahabalipuram, today ECR is a buzzing hub of cafes, multi-cuisine restaurants, theme parks, art villages, multiplexes and educational institutions. With all this comes free access to clean beaches, where one can indulge in water sports as well. In the midst of all this, lives a family of cane furniture weavers. This family has seen a lot of things change around them, but their…

Every time MS Dhoni hammers the ball out of the boundary with his helicopter shot, workers at a medium-sized sports manufacturing unit in Jalandhar have an extra reason to cheer. For theirs are the hands that crafted the bat Dhoni has been using over the years.  "Our bats are also being used by Chris Gayle, Michael Clarke, deVilliers among others. Sachin Tendulkar too used our bats," says Jyoti Sharma, owner of Spartan Sports, with a hint of pride. “Dhoni's bat is made of English Cleft, a special type of willow wood imported from England. It has a more pronounced curve…

The Garments and Textile Workers Union (GATWU) staged a protest on 12th September, to oppose the apathetic attitude of the government and the factory owners. The protest, held in front of the Labour Department office at Dairy Circle, highlighted the inordinate delay in the fixing of minimum wages in the garment industry. It also pointed to the discrimination towards garment workers by the minimum wages committee, which had recommended extremely low wages. The Karnataka garments industry employs 3.5-4 lakh workers, and 85 percent of the workforce is female. These workers manufacture textiles for international brands and export them, earning substantial…

We were sitting in one of the clothes vendors’ shops in Sudama market. He knew us well and each time greeted us with tea and articulate conversations. That day however his son was sitting there and as before invited us for tea. While we were talking his friend came with an envelope postmarked from the Canadian embassy. It was his answer to whether he would be able to attend a family wedding. We waited in anticipation as the young men opened the envelope, to reveal that his visa had been denied. The disappointment was evident in both faces. They had…

In Part 1 and Part 2 of this series, we looked at the conflict between the BBMP and the state government on allowing advertisement hoardings in Bengaluru. While the former is pushing for a blanket ban on commercial hoardings, the latter wants to allow hoardings. In this part, we explore whether the hoarding ban proposed by BBMP is justified. What is BBMP's revenue from ad hoardings? As per the advertisement scam unearthed by K Mathai, former BBMP Assistant Commissioner (Advertising), the BBMP had lost advertisement revenue of around Rs 2000 crore between 2005 and 2015. This was mainly because of…

In the spirit of what Benjamin Franklin once said – “An ounce of prevention is worth a pound of cure” – the Food Safety and Standards Authority of India (FSSAI) released a draft notification on June 27 2019 seeking to place a mandate on packaged food companies to label high fat, high sugar and high salt content on the front of the package, using a traffic light signalling system. The overall objective is to let consumers make an informed choice. One of the most notable points in the draft rules relates to the Front-of-Pack (FoP) labelling; in particular, a ‘red-coloured’…

In Part 1 of this series, we looked at the tussle between BBMP and state government on allowing advertisement hoardings in the city. Last year, the BBMP Council passed draft bye-laws that ban commercial hoardings. But the state government's UDD (Urban Development Department) recently framed its own Rules that allow hoardings. It's still unclear which of these laws would prevail. The High Court recently upheld the BBMP bye-laws at a PIL hearing, but the final judgement is pending in the case. And the UDD continues to insist on implementing its own Rules. In this part of the series, we look…