February 2021
11Feb

India. Will WhatsApp Thrive In Micro-Pension Space, A Road Not Taken By Indian Fintech?

WhatsApp is on its way to rolling out micro-pension products for the Indian masses In spite of a robust fintech ecosystem, no startup has attempted to cater to an underserved Indian market WhatsApp could be facing tough challenges as the low-income population lacks financial awareness and the habit of saving When messaging giant WhatsApp announced its foray into micro-pension products in December 2020, it turned out to be a first-of-its-kind initiative in the Indian fintech space. This is surprising,...

February 11, 2021
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10Feb

Dutch pensions federation wants auto-enrolment for self-employed

The new pensions law proposed by the Dutch government provides insufficient room for pension funds to cater for self-employed workers, the Dutch branch organisation of pension funds, Pensioenfederatie, has warned. It has called for a “significant change” to the draft legislation, including the option of auto-enrolment. Read also Investigation: Dutch, Japanese pension funds pay for Amazon deforestation Several large sector funds have voiced their interest to start trials offering pensions to self-employed workers under the new pension law which will pave...

February 10, 2021
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09Feb

Transition from the informal to the formal economy: Theory of Change

By ILO For enterprises, formalization means bringing them under the regulation with the advantages and obligations that this entails. It includes the extension of the scope of fiscal, labour and social security regulation to all enterprises without exception regarding the size, sector or other criteria, the legal recognition and registration of enterprises and compliance with legal requirements. For independent workers, the fact that their enterprises belong to the formal economy or not determines if they are also in the...

February 9, 2021
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07Feb

Transition from the informal to the formal economy: Theory of Change

By ILO For enterprises, formalization means bringing them under the regulation with the advantages and obligations that this entails. It includes the extension of the scope of fiscal, labour and social security regulation to all enterprises without exception regarding the size, sector or other criteria, the legal recognition and registration of enterprises and compliance with legal requirements. For independent workers, the fact that their enterprises belong to the formal economy or not determines if they are also in the informal economy...

February 7, 2021
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05Feb

Transition from the informal to the formal economy: Theory of Change

By ILO This umbrella theory of change provides the main pathways for the transition to formality of workers and enterprises. It is a general framework that can inform the development of theories of change focused on a specific sector, occupational groups, forms of informality or policy areas. For enterprises, formalization means bringing them under the regulation with the advantages and obligations that this entails. It includes the extension of the scope of fiscal, labour and social security regulation to...

February 5, 2021
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January 2021

29Jan

UK. Pension Minister Urges Treasury For Retirement Changes But The Self-Employed May Miss Out | Personal Finance | Finance

Pension holders, particularly outlined contribution (DC) members, may utilise a pensions recommendation allowance which is meant to permit members and beneficiaries of DC pension schemes and hybrid pension preparations with money steadiness advantages or different cash buy advantages to take £500 from their scheme to redeem towards the price of retirement monetary recommendation, with out incurring an unauthorised fee tax cost. Yesterday, Guy Opperman, the Pensions Minister, referred to as for the treasury to extend the allowance additional. During...

January 29, 2021
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29Jan

The Early Labor Market Impacts of COVID-19 in Developing Countries Evidence from High-Frequency Phone Surveys

By Melanie Khamis, Daniel Prinz, David Newhouse, Amparo Palacios-Lopez, Utz Pape, Michael Weber The economic crisis caused by the COVID-19 pandemic has sharply reduced mobility and economic activity, disrupting the lives of people around the globe. This paper presents estimates on the early impact of the crisis on labor markets in 39 countries based on high-frequency phone survey data collected between April and July 2020. Workers in these countries experienced severe labor market disruptions following the COVID-19 outbreak. Based...

January 29, 2021
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21Jan

Digital finance and inclusion in the time of COVID-19

By Niclas Benni The COVID-19 pandemic has resulted in severe and protracted disruptions to the livelihoods of people all around the world, both in developing and developed countries. The pervasive effects of this pandemic, which have ended up affecting every aspect of our societies, keep unfolding as the crisis progresses, leaving profound marks on people’s livelihoods and countries’ economies that are expected to last for many years after the pandemic has ended. As part of the global response to...

January 21, 2021
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08Jan

Malaysia. Better social protection needed for delivery riders, gig workers, says MP

Those in the informal sector, particularly delivery riders, need better social protection as they are among the hardest hit by the Covid-19 pandemic. DAP’s Charles Santiago laments the plight of these frontliners whom he says have yet to be given the required support from the government. “Food delivery services gained prominence during the Covid-19 crisis. Young men and women on motorcycles deliver food and other household products to the doorsteps of our homes. They are frontliners of sorts. “They work under vulnerable...

January 8, 2021
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06Jan

The Informal Economy and its Relation to Global poverty

The informal economy, also known as the informal sector, is the diversified set of economic activities, enterprises, jobs and workers that are not regulated or protected by the state. The definition of the informal economy has also recently expanded to include wage employment in unprotected jobs, such as daily wage jobs. However, generalizations of the informal economy often include terms such as “illegal” or “black market.” On the contrary, the vast majority of informal workers simply attempt to earn an honest...

January 6, 2021
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