-The Hindu India must debate solutions to the employment problem, as a true democracy should and would In January this year, the Prime Minister made this statement: “7 million new jobs created in 2017”. The statement draws on false conclusions of a study by two economists. Here is another: “10-12 million young people join the workforce every year and 7 million new and formal jobs were created in 2017,” said the Minister of...
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Member of PM's Advisory Council Accused of 'Inventing' Employment Data
-TheWire.in Surjit Bhalla, who draws on CMIE’s database and EPFO data, notes that job creation in 2017 was likely 15 million. New Delhi: The head of the Centre for Monitoring of Indian Economy (CMIE) has accused economist Surjit Bhalla, who is a member of the Prime Minister’s Economic Advisory Council (PMEAC), of distorting and “dishonestly presenting” its nationwide employment survey to claim that India created 15 million jobs in 2017. The CMIE does...
More »Will the Budget stimulate farmers' income? -Devinder Sharma
-The Tribune The farmer is crying for structural change to make the agriculture sector vibrant so that it serves as a pivot for revival of the rural economy, thereby creating employment opportunities for the youth, says Devinder Sharma After two consecutive years of back-to-back bumper harvest in 2016 and 2017, prices for almost all the crops had crashed forcing the farmers to dump their produce onto the streets at many a places....
More »Delhi orthopaedic doctor who fights polio is Bill Gates's real-life hero -Durgesh Nandan Jha
-The Times of India NEW DELHI: With a hammer in his hands to check the limb reflexes, a tape to measure the length of hands and legs and a goniometer to ensure precise measurement of angles, he looks more like a carpenter than a doctor. He carries no stethoscope like a regular doctor, but the orthopaedic expert has caught the attention of Bill Gates, no less, with the work he has...
More »How government can double farmer incomes
-Livemint.com Farmers need structural reforms, crop diversification and greater public investment rather than subsidies and price support Indian agriculture has been relatively untouched by the structural reforms that lifted incomes in other parts of the economy. Low farm productivity meant that governments tried to improve the lot of farmers through price policy. The problem is that engineering a shift in the terms of trade through higher support prices usually leads to generalized...
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