-Livemint.com If we do not recognize the problem on hand, we will not have any reason to try and find solutions India’s jobless growth is a myth, stated R. Gopalan and M.C. Singhi in an opinion piece in Mint on 19 December. They used data published by the Labour Bureau from their employment-unemployment surveys between 2009-10 and 2015-16. These were the first and last surveys conducted by the Labour Bureau on the...
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FRDI Bill: Depositors' money safer than ever, says Arun Jaitley -Avishek G Dastidar
-PTI FRDI Bill: Jaitley says no need to create fear psychosis, government will consider what panel recommends The Money of all depositors in public-sector banks will be protected and the level of protection will be “much higher than the level which existed till today,” Finance Minister Arun Jaitley told Lok Sabha Thursday. Talking about the Financial Resolution and Deposit Insurance (FRDI) Bill 2017 during his reply to the debate on Supplementary...
More »World Bank's False Praise Pleases Besieged Modi -Subodh Varma
-Newsclick.in A World Bank study ignores slumping economy and raging joblessness to praise ‘reforms’. A charming little bromance seems to be brewing between the World Bank and India’s Modi-led government. A series of reports by the World Bank has praised Modi for various kinds of “reforms”. The latest is the so called “Doing Business” report of the World Bank which lavishes praise on the Modi govt. for making it easier to do...
More »From 'Job-less' to 'Job-loss' Economy: What is PM Modi Doing -Savera
-Newsclick.in The falling work participation rate shows that the economy is in deep crisis. Various other economic indicators show this as well. In a stark and chilling confirmation of what the whole country has known for some time, a govt. report shows that Indian workforce (those actually working) declined from about 54% of the working age population in 2011-12 to 51% in 2015-16. While the working age population increased by 2.9% per...
More »The case for a rural stimulus -Himanshu
-Livemint.com It is clear that not only has the govt failed to do anything to revive the sagging rural demand, it has also refused to acknowledge the demand problem The fact that the economy is on a downward slide is no longer a matter of debate. It is neither a technical issue nor is it a transient blip which will go away on its own. However, matters are complicated as far as...
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