-The Hindu In the heated debate on jobs, the crucial link between macroeconomic policy and unemployment has not been flagged Innumerable tasks with respect to the economy await the winner of the parliamentary elections now under way, but two may be mentioned and they are connected. The first is to review the conduct of macroeconomic policy. Though it must come across as arcane, this is an element of public policy that makes...
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The problem with cherry-picking data -Arun Kumar
-The Hindu If it’s the government’s case that NSSO figures are suspect, what has it based policy decisions on? Minister of State for Housing and Urban Affairs Hardeep Singh Puri said last week, “we definitely have a data crisis,” and blamed academics for creating a “false narrative”. Yet, at the heart of the data crisis in India is the Central government, which has been holding back important data. Most recently, it did...
More »Job creation down 1.7% in Feb to 15.03 lakh: ESIC payroll data
-PTI According to the data, the gross new subscribers addition remained the highest at 19.81 lakh in July 2018. New Delhi: Job creation dropped by 1.73 per cent in February to 15.03 lakh compared to 15.30 lakh in the same month last year, according to the latest payroll data of the Employees State Insurance Corporation (ESIC). The data showed that during September 2017 to February 2019, nearly 3 crore new subscribers joined the...
More »New forest law would put framers of the colonial act to shame -Anup Sinha
-The Telegraph Some clauses of the draft of the Indian Forest Act 2019 are extraordinarily undemocratic Forests are considered planetary resources of great importance: as carbon sinks, as repositories for biodiversity, as effective tools for local climate control, and as a source of timber and related produce. Forests have been dwelling places for people, too. It is important from the point of view of sustainable development that forests be preserved and biodiversity...
More »The self-employment conundrum -Arindam Gupta
-The Telegraph Funding small entrepreneurs will require more bank loans, preferably collateral-free, which will generate more NPAs The government has been compelling banks to adopt a softer lending policy to promote self-employment. The Pradhan Mantri Mudra Yojana, launched in 2015, provides collateral-free loans to small entrepreneurs outside the farming sector in three categories: Rs 50,000 loan in the ‘Shishu’, Rs 5,00,000 in the ‘Kishore’ and Rs 10,00,000 in the ‘Tarun’ segments respectively....
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