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EPFO data government cited to show job surge is now down -Aanchal Magazine

-The Indian Express EPFO manages social security funds of workers in the organised/semi-organised sector in the country. EPF is applicable to establishments with more than 20 workers. New Delhi: The Employees’ Provident Fund Organisation’s (EPFO’s) enrolment numbers, which formed the basis for an ‘independent’ study released earlier this year that the government cited as an indicator of buoyancy in formal job creation in the economy, has now been sharply whittled down for...

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The paradox of job growth -R Nagaraj

-The Hindu Besides the missing informal sector, over-estimation of output growth also offers clues Are the latest employment estimates by the Central Statistics Office (CSO) factually correct? No. They are off the mark, and confined to the economy’s organised or formal sector, accounting at best for 15% of the workforce. Is there a paradox in high output growth rates and the marginal effect on employment? Probably not, if one acknowledges that GDP...

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Farmer suicides continue unabated despite PM Modi's tall promises

-National Herald Last year, Centre had informed the Supreme Court that despite a multi-pronged approach to improve income and social security of farmers, over 12,000 suicides were reported in the agricultural sector every year since 2013 Over the last 48 hours, at least 24 debt ridden farmers have committed suicide. The Marathwada region in Maharashtra has alone witnessed 452 instances of suicide in the first half of 2018 Despite announcements of loan waivers...

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The signal and the noise in India's jobs data -Tadit Kundu, Udayan Rathore and Pramit Bhattacharya

-Livemint.com The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it New Delhi: Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent...

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Poverty: The direct approach isn't always best -Bjorn Lomborg & Manorama Bakshi

-Livemint.com It is important to give preference to those approaches that help the poor the most for every rupee spent, no matter how they are labelled Sometimes in life, it is clear that the direct approach isn’t the best one. This is true in many areas, even when it comes to policymaking. Take, as an example, the area of extreme poverty. It seems logical, at first, that the most effective response should...

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