-The Hindu Since 2004-05, for the first time in the history of India, more workers have left agriculture for productive work in industry and services Higher than normal inflation, high current account deficit, a depreciating rupee and slowing GDP growth might hold true in recent times. However, when it comes to employment, the facts are quite different as between 2009-10 and 2011-12, non-agricultural employment grew rapidly. Between 1999-2000 and 2004-05, National Sample Survey...
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No country for whistle-blowers -Andrew M Beato and Narayan Lakshman
-The Hindu A strong whistle-blower protection law in India would expose financial corruption in a way that reinforces ethical business practices In 2013, generic pharmaceutical company Ranbaxy pleaded guilty to seven criminal felonies for drug manufacturing fraud and agreed to cough up an unprecedented $500 million in fines. The case against Ranbaxy was significant not only for being a successful prosecution of a powerful India corporation. It also marked the triumph of Dinesh...
More »Monsoon may be 94% of average, private forecaster says
-The Times of India NEW DELHI: El Nino is likely to hit rains in India but the country may escape an overall drought, private weather company Skymet said in the first forecast by any agency about this year's monsoon. Rainfall in the season is likely to be below normal at 94% of the long range average, it said. Releasing its assessment some 10 days before the official India Meteorological Department's monsoon prediction,...
More »Winnowing fact from rhetoric: A look at what figures tell of UPA's regime-Maitreesh Ghatak
-The Economic Times There is a narrative that the UPA's rule at the Centre led to an economic disaster, especially in the second term. In contrast, Gujarat has prospered, thanks to Narendra Modi's good governance. We have several problems with this. First, through UPA's first term and about halfway into its second, many economic indicators critics like to harp on were much better than those during the NDA days. This is true...
More »Lok Sabha elections: Party manifestoes have little clue of factory job creation -Subhomoy Bhattacharjee
-The Indian Express The Planning Commission numbers show that in the unorganised manufacturing sector, value added per worker has come down by over 5 per cent in the last decade. The Congress and the BJP manifestoes for the general elections talk about the need for raising employment numbers in multipliers but hardly show any understanding of where to maximise those. For both, the Holy Grail is rising of the profile of the...
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