Is Bihar on steroids, boosted by an excessive stimulus of dramatically higher public outlays than ever in the past? Like all stimulus, does it also bear the danger of slumping back when it is withdrawn? Is the widely acclaimed growth turnaround a durable and sustainable one? These are among the many issues, which are currently being debated. But first the facts. Bihar is the best turnaround story that the country has seen...
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Big corporates to train 1.1 lakh poor youth under NREGS by Gunjan Pradhan Sinha
Companies such as L&T, IL&FS, Dr Reddy’s and NIIT will soon train and employ youths from Below Poverty Line (BPL) families, based on the success of a pilot project in Rajasthan and Chhattisgarh, implemented under the National Rural Employment Guarantee Scheme (NREGS). The National Rural Livelihoods Mission, to be taken to the Cabinet by the Rural Development Ministry soon, envisages the training of 1.1 lakh unskilled youth over the next...
More »Jobs for families that hand over land to railways
Those willing to hand over their land for the laying of new railway tracks will be adequately compensated and a member of the families concerned provided employment, Mamata Banerjee, Railway Minister announced on Monday. “The railways will not acquire land forcibly and will negotiate with those willing to hand over their land. We will provide them adequate compensation as well as a job to one member of their family. This is...
More »Five years after Indian Ocean tsunami, affected nations rebuilding better – UN
Five years after the massive Indian Ocean tsunami, which left a devastating trail of death and destruction, millions of people have benefited from the influx of aid by rebuilding stronger infrastructure, social services and disaster warning systems than existed before the catastrophe, according to the United Nations agencies at the core of the recovery effort. The largest emergency relief response in history was prompted by the earthquake off the coast...
More »Built on illusion by Jayati Ghosh
The collapse of the Dubai dream is not without any implications; it may be an indication that the travails of finance capitalism are not over. GLOBAL capitalism is in a phase in which it must deal with the fruits of the overextension during the previous boom, and there is no doubt that this is going to be painful. The financial crisis in the United States and some other developed countries...
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