-The New Indian Express In August, the National Bank for Agriculture and Rural Development (NABARD) released the All India Rural Financial Inclusion Survey, 2016-17 In August, the National Bank for Agriculture and Rural Development (NABARD) released the All India Rural Financial Inclusion Survey, 2016-17. It has revealing data about the worsening situation of farmers and villages across India. The survey shows that the average monthly income of rural households in India is...
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Is "Formalisation" possible? -CP Chandrasekhar and Jayati Ghosh
-Networkideas.org In recent times, the clamour for formalising economic activity, or shrinking its unorganised component and expanding the organised, has been heard from diverse sources. There are those who want formalisation to occur because the unorganised sector is seen as being largely outside the direct and indirect tax net, depriving the government of much needed resources. Hence, for example, one feature seen as favouring the Goods and Services Tax regime is...
More »Lip service to labour rights -Indira Hirway
-The Hindu The exodus of migrant labour from Gujarat highlights the indifference of States to their well being and rights Gujarat is one of the top States in India that receive migrant workers, largely temporary and seasonal, on a large scale. In Gujarat, they work in unskilled or semi-skilled Jobs in a wide range of activities such as in agriculture, brick kilns and construction work, salt pans and domestic work, petty services...
More »Not enough Jobs, private investments missing: What's wrong with the world's fastest growing economy? -Dinesh Unnikrishnan
-Firstpost.com A report from rating agency CARE, released early this week, revealed that India's employment scenario is not looking good. It said job growth in corporate India moderated to 3.8 percent in fiscal year 2018, from 4.2 percent in the previous fiscal and the problem is most severe with smaller companies. The report, based on an analysis of over 1,600 corporates, said smaller companies with net sales of less than Rs...
More »The India that does not shine is bigger than the India that does -Anup Sinha
-The Telegraph The obsession with economic growth and the stock market hides other important facts about the condition of the economy Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the results are worse than the previous ones, then impending doom is forecast. If the results are better than the previous ones, there is unbridled optimism about future economic prospects. Both...
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