-Live Mint Decline came as labour productivity grew 7.6%; wage growth remains far below pre-crisis levels globally India’s real wages fell 1% between 2008 and 2011, while labour productivity grew 7.6% in the same period, International Labour Organization (ILO) data showed on Friday, indicating that the benefits of the country’s economic growth didn’t translate into better pay for workers in the aftermath of the global economic crisis. In contrast, China’s real wage growth...
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States failed to spend Rs 29,760 cr on flagship programmes like MGNREGA & PMGSY: Jairam Ramesh
-PTI States have failed to spend Rs 29,760 crore under various flagship programmes during the last fiscal, Rural Development Minister Jairam Ramesh said today. He said during Question Hour in Rajya Sabha that Rs 10,993 crore remained unspent under Mahatma Gandhi Rural Employment Guarantee Act (MGNREGA) and Rs 5,859 crore under Indira Aawas Yojana (IAY). Funds to the tune of Rs 8,919 crore could also not be utilised under Pradhan Mantri Gram Sadak...
More »The Colours Of Fallacy -Prasenjit Bose
-Outlook Talking ‘communal’ about FDI trivialises the secular cause If one adds up the number of MPs in the Lok Sabha belonging to political parties that have a stated position against FDI in retail trade, it will certainly be bigger than the number of MPs in favour of FDI. Actually, the figure goes well past the Lok Sabha majority mark of 272. Yet the resolution opposing FDI received only 218 votes...
More »Walmart spent Rs 125 crore on lobbying to enter India: Report
-PTI Global retail giant Walmart - waiting for years to open its supermarkets in India - has been lobbying with the US lawmakers since 2008 to facilitate its entry into the highly lucrative Indian market. As per the lobbying disclosure reports filed by Walmart with the US Senate, the company has spent close to $25 million (about Rs 125 crore) since 2008 on its various lobbying activities, including on the issues...
More »Government wins FDI battle, says reforms on track
-IANS The UPA government on Friday dealt a major blow to the opposition in the Rajya Sabha by winning a vote on FDI in retail by 14 votes and declared that there was no stopping India's reform process. In contrast to speculation that the government may lose the vote in the upper house, the victory proved pretty easy as the Samajwadi Party (SP) trooped out — like in the Lok Sabha on...
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