-Live Mint High growth hasn’t led to more jobs The years between 2004-05 and 2009-10 saw some of the highest rates of gross domestic product (GDP) growth for India. The problem, however, is that this high growth hasn’t led to more jobs. Employment elasticity—which is a measure of how employment varies with economic output—has come down dramatically. The Planning Commission says that employment elasticity has come down “from 0.44 in the first half...
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Gloves off as House debates retail FDI
-The Hindustan Times The much-anticipated two-day debate on the government’s decision to allow FDI in multi-brand retail got off to a spirited start in the Lok Sabha on Tuesday, with both the Opposition and the Congress fiercely defending their stands. But, the Samajwadi Party (SP) and the Bahujan Samaj Party (BSP) had the government on tenterhooks a day ahead of the vote on a resolution opposing the FDI move. Even as...
More »Land Bill Finalised, to Go for Cabinet Approval
-Outlook The much awaited Land Acquisition Bill has been finalised and sent to the Union Cabinet which is likely take up the matter for consideration at its next meeting, a senior official said today. Sources said the bill was finalised by the Rural Development Ministry incorporating the suggestion of UPA Chairperson Sonia Gandhi who had asked the government to take consent from 80 per cent land owners for purchase of land for...
More »Yechury springs legal point
-The Telegraph The CPM today claimed the government was legally bound to have its decision on allowing foreign direct investment in multi-brand retail ratified by Parliament and urged the Centre to agree on a discussion under a rule that entails voting. Party MP Sitaram Yechury said according to Section 48 of the Foreign Exchange Management Act, Amendments to permit FDI in the sector have to be endorsed by Parliament within a time...
More »Centre seeks report from UP govt on suspected honour killing
-PTI Terming as "unfortunate" the suspected honour killing of a youth in Uttar Pradesh's Bulandshahr district, the Centre on Tuesday sought a report from the state government on the issue. Minister of state for home R P N Singh also said that the government is "very seriously trying" to amend the Constitution to deal with incidents of honour killings in the country. "We have already asked the state government to send us details...
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