Proverbial ostrich: Cong slams govt over unprecedented decline in wages

Q: How long will it take to read this news story?

The story "Proverbial ostrich: Cong slams govt over unprecedented decline in wages" has 615 words across 16 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Proverbial ostrich: Cong slams govt over unprecedented decline in wages" was covered 10 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 126 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22245059</li><li>URL: https://beamstart.com/news/proverbial-ostrich-cong-slams-govt-17245656319846</li></ul>

Business Standard Logo Business Standard 10h ago

Proverbial ostrich: Cong slams govt over unprecedented decline in wages - Business Standard

Quick Summary:

The Congress on Sunday claimed that a combination of slow wage growth and "back-breaking" inflation has caused an unprecedented decline in real wages and said that like the "proverbial ostrich", the government continues to remain blind to the most fundamental challenge faced by the Indian economy.

Congress general secretary in-charge communications Jairam Ramesh said a new report by a noted brokerage firm has once again shed light on the truth that the Union Government has consistently denied - real household incomes in India are facing a persistent decline.

"A combination of slow wage growth and back-breaking inflation has caused an unprecedented decline in real wages (wages adjusted for price rise) and therefore incomes," he said in a statement.