Although India is a labour-surplus economy – with an unlimited number of workers willing to work at a subsistence wage – a paradoxical feature of the labour market is the rising incidence of scarcity or shortages amid a situation of potential plenty. No doubt, this pertains to skilled labour. But when 15 per cent of Indian trucks are idle owing to a shortage of drivers or India Inc is worried...
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Anti-Nuclear plant stir hits Kudankulam economy by Jaya Menon
It was once a sleepy hamlet with rolling stretches of barren land, little agricultural activity and hardly any economy to boast of. But the nuclear power project transformed Kudankulam drastically. There was a minor real estate boom, income levels rose and lifestyles changed. Today, in the place of a small vegetable shop is a market place selling a wide variety of vegetables. All that is set to be reversed. The anti-nuclear...
More »DAE sets up experts group on Kudankulam
-The Hindu A group of 15 experts from various fields has been set up by the Department of Atomic Energy (DAE) to interact with Tamil Nadu government officials and spokespersons of the people in the neighbourhood of Kudankulam Nuclear Power Project (KKNNP) to dispel the apprehensions of the locals on the safety of reactors. Manmohan's assurance The decision follows Prime Minister Manmohan Singh's assurance to a multi-party delegation from Tamil Nadu on October...
More »GM crops have not lived up to their promises, say NGOs by John Vidal
Genetic Engineering has failed to increase the yield of any food crop but has vastly increased the use of chemicals and the growth of “superweeds,” according to a report by 20 Indian, southeast Asian, African and Latin American food and conservation groups representing millions of people. The so-called miracle crops, which were first sold in the U.S. about 20 years ago and which are now grown in 29 countries on about...
More »Redistribution is not inclusion growth by Arvind Panagriya
Only in India does redistribution, which keeps the poor and marginalised out of the mainstream of the economy, pass for inclusive growth. In much of the rest of the world, inclusive growth would mean giving the poor and marginalised a direct stake in the economy with fast-growing industries and services absorbing them into gainful employment and, thus, making them true participants and partners in the growth process. But in India, we...
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