-IndiaSpend.com Latest data indicate a structural shift away from organised sector jobs towards more insecure self-employment or unorganised sector jobs, Mahesh Vyas of the Centre for Monitoring Indian Economy (CMIE) tells us in this interview Mumbai: "We have an ageing population. If we have shrinking employment in urban places, if the better educated graduates or postgraduates are the ones who are losing jobs, how can we recover the economy from the downslide...
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Rise of shadow entrepreneurship -Chirantan Chatterjee
-The Hindu Without regulation, the situation could spiral out of control Recently, a professor at a business school allegedly misused his faculty position to provide fake certificates to students whom he had compelled to attend an online course that he taught. He essentially took advantage of India’s rising pre-pandemic gig economy in education. When authorities at the institution discovered the racket, they suspended him. This is a cautionary tale for the global...
More »Financial boom at a time of economic stagnation -Sunanda Sen
-The Hindu The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy Divergences between the booming financial and the stagnant real sectors, which appear rather confounding as well as disconcerting, warrant an explanation. Enumerating the facts in India’s major secondary stock market, the Sensex (the benchmark index of the BSE Limited, or formerly the Bombay Stock Exchange Ltd.) has been found tracking an upward path, from 40,817 on...
More »GV Ramanjaneyulu, executive director of the Centre for Sustainable Agriculture, interviewed by Tushar Dhara (CaravanMagazine.in)
-CaravanMagazine.in For over a month, lakhs of farmers from Punjab and Haryana have been camped on Delhi’s borders in one of the largest agrarian protests in India’s history, while talks with the government on withdrawing three farm laws that deregulate the sector persist. At the other end of the country, over the past six years, the agrarian system in Telangana has seen major systemic shifts, after the formation of the state...
More »Bihar’s failing PACS system shows what could happen after the farm laws -Akhilesh Pandey
-CaravanMagazine.in In 2006, the Bihar government deregulated the agricultural sector, and largely removed government oversight over food grain procurement. Previously a majority of food grain procurement happened through the Agricultural Produce Market Committee, a marketing board run by the state government that would organise mandis—wholesale markets—where farmers could directly sell their produce to the Food Corporation of India or the State Farming Corporation at the established minimum support price. The MSP...
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