She Business Time ..’s Post

The budget marks a significant stride in promoting socio-economic development, with a strong focus on women's empowerment and social justice. The ministry of women and child development's budget has increased by 3%, from ₹25,449 crore in FY 23–24 to ₹26,092 crore in FY 24–25. Meanwhile, the department of social justice and empowerment has seen a substantial 32% increase, from ₹9,853 crore in FY 23–24 to ₹13,000 crore in FY 24–25. The budget for the department of empowerment of persons with disabilities remains unchanged at ₹1,225 crore. #krbfoundation #womenentrepreneurship #janitriinternational #shebusinesstime #womenleadership #budget2024 #queenoftheboardroom https://lnkd.in/gYWqv3UX

🚺 This International Women's Day Policy in Practice, Policy and Research Director, Rachael Walker is talking about the gender benefits gap. 🌷With Mother's Day on Sunday it is a big week for women and a great opportunity to reflect on women and the welfare state and how the system supports, or in some cases works against, women. 🌎 We celebrate International Women’s Day by raising awareness of the gender benefit gap and the issues facing low-income women. We will continue to ask the right questions in our analysis and research. There is more to be done to support women in poverty. We can do better ➡ Read here: https://lnkd.in/e9xQptzV

Each year, the National Foundation for Australian Women (NFAW) coordinates a group of gender experts to analyse the Federal Budget, and share what it means for women. It’s integral yet unpaid work, as so much work in the women’s movement is! This year I once again worked on the social security analysis, and once again we found that social policy is leaving women behind. Tinkering around the edges of a broken system is not enough to keep women safe and out of poverty. But there are some glimmers of hope: super on paid parental leave is a win, as is increased work hour flexibility for people receiving a carer payment. Both of which will disproportionately impact women. Check out the NFAW website for great analysis across each portfolio area. https://lnkd.in/d6E_DRAV

What does the 2024/45 budget mean for #genderequality and the big issue facing #women? Well, I'm relieved by the progress but despairing about the lack of ambition. Quick recap of some of the wins: ⚖ The Women’s Budget Statement outlines a coherent strategy for achieving gender equality across key issues, and there are new budget initiatives aligned with that strategy. It sounds like relatively simple stuff, but we’ve come a relievingly long way since 2020 and the Morrison/Frydenberg “Tradie and Truckie”  COVID recovery budget that almost forgot about women at all. 💰 Super payments for parents on government-funded parental leave are a step in the right direction for addressing the super gap. 👨👩👧 Funded salary increases for the feminised caring economy finally acknowledge the important underpaid work that women in this sector do. 👩⚕️ Women will be in line for faster gynecological help, easier access to long-term contraception and cheaper breast cancer treatment under a raft of investments in women’s health. 🏡 $1 billion in spending to support housing for women and children experiencing family violence and a program to allow victims to access up to 5,000 to flee their partners. These are all commendable initiatives. But let's be real, none of this is going to seriously address the crisis issues that women face when it comes to: affordable childcare; homelessness; high rates of aboriginal children being removed from their mothers; and the challenges of just plain staying alive. The Government is telling women that they understand the feminised 'national emergencies' that we face, and that they understand the solutions. They're just not yet prepared to fund them in any meaningful way. This budget may be a survival strategy for the Treasurer, but it clearly doesn’t fund a survival strategy for women. #Budget #Budget2024/25 #LinkedInNewsAustralia

Want to talk about the Gender Benefits Gap? Because I do. Societal and structural inequalities lead to some startling statistics for women in the welfare system, and this should not be something we continue to battle with in 2024. I wanted flying cars and food replicators by now, not the continuation of more and more women living in poverty, being paid less than men, and being trapped in gendered, unpaid labour. If you want to celebrate #internationalwomensday2024 , do so by getting angry about the missed opportunities for millions of low-income women. Then, help us do something about it by maximising income. Policy in Practice

If you needed a reminder that improving the economic outcomes for women was important, this is it. The latest report from the The World Bank found that there is no (as in zero) country in the world which afforded women the same opportunities as men in the workforce. According to the report, the global gender gap is much wider than previously thought, yet closing this gender gap could raise global gross domestic product by more than 20%. ⚖️ 95 countries enacted laws on equal pay, but only 35 has measures in place to ensure the pay gap was addressed. ⚖️ If the childcare gap was addressed, this immediately leads to a 1% increase in women’s participation in the labor force. ⚖️ Women’s pensions need massive reform as well. In 81 countries, a women’s pension benefits do not account for periods of work absences related to childcare. ⚖️ 151 countries have laws against sexual harassment in the workplace but only 40 had laws covering abuse in public areas or in public transport. So women are unprotected on their way to work. There’s so much work to do to create just societies which also benefit women. We need both bottoms-up solutions tackling mindsets, stereotypes and attitudes which hold women back from economic empowerment. There’s also a massive need for top-down solutions to re create more inclusive structures and policies that mean women can have the opportunities to create wealth, have childcare support and lead safer, better lives. This is why #internationalwomensday has to be every day. There is so much work to be done. Let’s bring all this positive energy towards women’s economic and societal outcomes that we’ve all agreed was important this month, and keep doing something about it every single day💪🏽. #womenandmoney #gendergap #genderinvestinggap #moneyispower

For those who ask why do we need talk about women empowerment and closing gender gaps.. look at this latest research. “No country in the world affords women the same opportunities as men in their workforce” For further information, no country in the world achieved gender parity either. So yes we still have a long way to go. https://lnkd.in/g6n6KJkV Thanks Christine Yu for highliting the article.

Implementing gender-sensitive policies that address women's unique challenges in remittance-receiving families is essential https://lnkd.in/dCvMhZTR

The latest Financy Women's Index shows that progress to economic equality has rebounded from the worst year in a decade. Highlights include: ▪️ The current data shows it will take 17.7 years to close the gender gap in superannuation. ▪️ The government’s decision to include super on paid parental leave is a positive step. ▪️ According to the SMC, menopause costs women more than $17 billion a year in lost earnings and super. The Australian Government has included promoting workforce participation as a priority area for older women. But more needs to be done in terms of community awareness to barriers for women achieving the same level of financial security as men. No one will be as invested in your super as you are. Getting educated so you feel confident and informed about your finances is the first step to making the most of your savings' opportunities and planning for your future.

I really enjoyed catching up with female friends on IWD, and was made to feel special on Mother's Day. But I feel frustrated and angry to see two pieces of evidence that show that far from making progress, the UK is back-sliding on equality and equity for women. The first was the article in Housing Digital reporting on women's negative experience in the social housing sector: https://lnkd.in/ewZ_7jAs The second was the irrepressible and utterly determined Joeli Brearley highlighting an article in The Guardian spelling the worsening gender pay gap in terms of cold hard cash: https://lnkd.in/e9ruP3uC Both empirical and analytical studies confirm that women in the UK are worse off. One day a year is not enough. The challenges exist 24/7, 365, and it is incumbent upon men and women to shine a light on this and change the trajectory.