-The Telegraph The world lauds us as the largest democracy. Yet, how much of a democracy are we and where must we improve? Elections and their consequences: We have regular elections. They are supervised with increasing effectiveness as far as booth capturing, bogus voters and violence are concerned. The influence of money has not waned; if anything, it has increased. It is not as it used to be, for paying voters only....

-World Bank Blog The enormity of the global job-creation challenge is underscored in a comprehensive new analysis by the International Finance Corporation, which issued a wide-ranging Jobs Study at a recent IFC forum  on the urgency of the UNEMPLOYMENT crisis. More than 200 million people are now unemployed worldwide – with another 1.5 billion people only marginally employed, and with an additional 2 billion working-age adults neither working nor seeking a...

-The Telegraph Even reformed capitalism cannot give equal opportunity There is a view that the real problem with capitalism is that there is no equality of opportunity under this system. Your entire life gets determined by which class you happen to get born into. If the effect of this ‘happenstance’ could somehow be eliminated, so that everyone enjoyed equality of opportunity, then even though income and wealth inequalities continued to remain...

-Live Mint The policy planners should be revisiting the fundamentals of the growth strategy India published a news story quoting from a research paper published by the Institute of Applied Manpower Research (IAMR) on the vexing issue of employment generation in the Indian economy. Referring to the compelling phase of unprecedented growth (when the average increase was 9%) in the latter half of the last decade, the IAMR study said, “Employment in...

-Down to Earth Only 25 days of work provided per family as against the guaranteed 100 days of work; wages paid late in 55 per cent cases District administrations in rural West Bengal are resorting to innovative ways in their hurry to spend funds allocated under the Mahatma Gandhi National Rural Employment Guarantee scheme (MNREGS). In the Maoist-affected West Midnapore district, petty contractors are doing the earth work earmarked for MNREGS with...