-Outlook Sydney: The OECD today said India needs to address its infrastructure shortfalls and pervasive state control in business activities, among other things, to maintain robust growth. In its 'Going for Growth' report, the Organisation for Economic Co-operation and Development (OECD) called for structural policy reforms to boost growth. "To maintain robust growth, India needs to address its infrastructure shortfalls, pervasive state control in business activities and unequal access to quality education. "It also...
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McKinsey pegs poverty line at Rs 1,336 per month -Prabhakar Sinha
-The Times of India NEW DELHI: A Global consultancy firm pegged a new level for poverty or empowerment line - at Rs 1,336 per month per person as against the poverty line prescribed by the government at around Rs 870 per month per person. McKinsey, in a report, said the empowerment line determines the level of consumption required for an individual to fulfill his/her basic need for food, energy, housing, drinking water,...
More »Migration back to villages-Devinder Sharma
-DNA The government's lack of focus on agriculture shows its lopsided priorities. In the coming months, about 1.5 crore farmers who quit agriculture in the past seven years, are likely to trudge back into the villages. In normal circumstances such a massive reverse migration - from the cities back to the villages - would have been a sign of inclusive growth. But economists are taking this U-turn as a sign of...
More »Between 2010 and 2012, pace of job creation was slowest in a decade -Chetan Chauhan
-The Hindustan Times A sea of young people on a Delhi Metro last week offered a glimpse into the despair within young India. Most had taken the train from Delhi University — a hub of students from across the country — to the heart of the city, to take a test and apply for a job with a national bank. But there were only a few thousand vacancies — and 100,000 youngsters...
More »India's urban work boom is leaving women behind-Akshat Rathi
-The Hindu Under India's labour laws, women engaged in "informal" work - such as domestic work - have few workplace rights. This makes it harder for women to have sustainable jobs, let alone a career. Nearly 400 million people live in cities in India and during the next 40 years that number will more than double. Not only is the proportion of India's total female population that is economically active is among...
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