Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Rising wages feeding inflation, says Kaushik Basu    </title>
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-The Economic Times


&nbsp;


Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising wages.&nbsp;





Basu believes that labour cost differences between the developed and labour-surplus countries such as India..."/>
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-The Economic Times


&nbsp;


Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising wages.&nbsp;





Basu believes that labour cost differences between the developed and labour-surplus countries such as India..." />
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                            <div style="text-align: justify">-The Economic Times</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising wages.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Basu believes that labour cost differences between the developed and labour-surplus countries such as India that have been in existence for a long time have now started narrowing which is feeding into higher prices within the country.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The reason for inflationary pressures in India is that our labour costs are catching up with the rest of the world. The biggest inflation was seen in labour-intensive sectors and wages in India have been inflating faster than goods and services,&quot; he said at a panel discussion on sustaining growth and inclusiveness in Asian economies.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India has been reeling under high inflation for more than two years now. Headline wholesale price inflation in September was 9.72%, well above the Reserve Bank of India's comfort rage of 4%-5%. Basu insisted that cooperation in monetary policy and poverty reduction programmes must be encouraged between Asian nations.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Many economists have claimed that food subsidies have leaked out to neighbouring countries like Bangladesh due to the absence of regional cooperation, which creates arbitrage opportunities. Arvind Panagaryia, professor, Columbia University said: &quot;Labour reforms, amongst other things, are necessary to encourage labour-intensive manufacturing activities which can generate employment and improve inclusiveness&quot;. Shankar Acharya, honorary professor ICRIER- a think tank, also seconded the importance of labour reforms. &quot;Employment in the organised sector has remained stagnant for years due to stringent labour laws. Encouraging employment in the organised sector would certainly be a move towards better inclusiveness,&quot; he said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In 2008, only 6% of the work force was employed in the organised sector as per the annual Economic Survey of India.</div><div style="text-align: justify"><br /></div>                                                           
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-The Economic Times


&nbsp;


Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising wages.&nbsp;





Basu believes that labour cost differences between the developed and labour-surplus countries such as India..."/>
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-The Economic Times


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Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising wages.&nbsp;





Basu believes that labour cost differences between the developed and labour-surplus countries such as India..." />
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    <h1 class="cat-box-title">Rising wages feeding inflation, says Kaushik Basu</h1>
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                            <div style="text-align: justify">-The Economic Times</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising wages.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Basu believes that labour cost differences between the developed and labour-surplus countries such as India that have been in existence for a long time have now started narrowing which is feeding into higher prices within the country.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The reason for inflationary pressures in India is that our labour costs are catching up with the rest of the world. The biggest inflation was seen in labour-intensive sectors and wages in India have been inflating faster than goods and services,&quot; he said at a panel discussion on sustaining growth and inclusiveness in Asian economies.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India has been reeling under high inflation for more than two years now. Headline wholesale price inflation in September was 9.72%, well above the Reserve Bank of India's comfort rage of 4%-5%. Basu insisted that cooperation in monetary policy and poverty reduction programmes must be encouraged between Asian nations.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Many economists have claimed that food subsidies have leaked out to neighbouring countries like Bangladesh due to the absence of regional cooperation, which creates arbitrage opportunities. Arvind Panagaryia, professor, Columbia University said: &quot;Labour reforms, amongst other things, are necessary to encourage labour-intensive manufacturing activities which can generate employment and improve inclusiveness&quot;. Shankar Acharya, honorary professor ICRIER- a think tank, also seconded the importance of labour reforms. &quot;Employment in the organised sector has remained stagnant for years due to stringent labour laws. Encouraging employment in the organised sector would certainly be a move towards better inclusiveness,&quot; he said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In 2008, only 6% of the work force was employed in the organised sector as per the annual Economic Survey of India.</div><div style="text-align: justify"><br /></div>                                                           
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        LATEST NEWS UPDATES | Rising wages feeding inflation, says Kaushik Basu    </title>
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-The Economic Times


&nbsp;


Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising wages.&nbsp;





Basu believes that labour cost differences between the developed and labour-surplus countries such as India..."/>
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-The Economic Times


&nbsp;


Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising wages.&nbsp;





Basu believes that labour cost differences between the developed and labour-surplus countries such as India..." />
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    <h1 class="cat-box-title">Rising wages feeding inflation, says Kaushik Basu</h1>
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                            <div style="text-align: justify">-The Economic Times</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising wages.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Basu believes that labour cost differences between the developed and labour-surplus countries such as India that have been in existence for a long time have now started narrowing which is feeding into higher prices within the country.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The reason for inflationary pressures in India is that our labour costs are catching up with the rest of the world. The biggest inflation was seen in labour-intensive sectors and wages in India have been inflating faster than goods and services,&quot; he said at a panel discussion on sustaining growth and inclusiveness in Asian economies.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India has been reeling under high inflation for more than two years now. Headline wholesale price inflation in September was 9.72%, well above the Reserve Bank of India's comfort rage of 4%-5%. Basu insisted that cooperation in monetary policy and poverty reduction programmes must be encouraged between Asian nations.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Many economists have claimed that food subsidies have leaked out to neighbouring countries like Bangladesh due to the absence of regional cooperation, which creates arbitrage opportunities. Arvind Panagaryia, professor, Columbia University said: &quot;Labour reforms, amongst other things, are necessary to encourage labour-intensive manufacturing activities which can generate employment and improve inclusiveness&quot;. Shankar Acharya, honorary professor ICRIER- a think tank, also seconded the importance of labour reforms. &quot;Employment in the organised sector has remained stagnant for years due to stringent labour laws. Encouraging employment in the organised sector would certainly be a move towards better inclusiveness,&quot; he said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In 2008, only 6% of the work force was employed in the organised sector as per the annual Economic Survey of India.</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/finance/rising-wages-feeding-inflation-says-kaushik-basu/articleshow/10396192.cms" class="re" target="_blank">The Economic Times, 18 October, 2011, http://economictimes.indiatimes.com/news/economy/finance/rising-wages-feeding-inflation-says-kaushik-basu/articleshow/10396192.cms</a><div class="clear"></div>
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Home हिन्दी

Rising wages feeding inflation, says Kaushik Basu

Published on Oct 18, 2011   Modified on Oct 18, 2011

-The Economic Times   Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising wages.  Basu believes that labour cost differences between the developed and labour-surplus countries such as India that have been in existence for a long time have now started narrowing which is feeding into higher prices within the country.  "The reason for inflationary pressures in India is that our labour costs are catching up with the rest of the world. The biggest inflation was seen in labour-intensive sectors and wages in India have been inflating faster than goods and services," he said at a panel discussion on sustaining growth and inclusiveness in Asian economies.  India has been reeling under high inflation for more than two years now. Headline wholesale price inflation in September was 9.72%, well above the Reserve Bank of India's comfort rage of 4%-5%. Basu insisted that cooperation in monetary policy and poverty reduction programmes must be encouraged between Asian nations.  Many economists have claimed that food subsidies have leaked out to neighbouring countries like Bangladesh due to the absence of regional cooperation, which creates arbitrage opportunities. Arvind Panagaryia, professor, Columbia University said: "Labour reforms, amongst other things, are necessary to encourage labour-intensive manufacturing activities which can generate employment and improve inclusiveness". Shankar Acharya, honorary professor ICRIER- a think tank, also seconded the importance of labour reforms. "Employment in the organised sector has remained stagnant for years due to stringent labour laws. Encouraging employment in the organised sector would certainly be a move towards better inclusiveness," he said.  In 2008, only 6% of the work force was employed in the organised sector as per the annual Economic Survey of India.

The Economic Times, 18 October, 2011, http://economictimes.indiatimes.com/news/economy/finance/rising-wages-feeding-inflation-says-kaushik-basu/articleshow/10396192.cms

Tagged with: Inflation Labour

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