-The Times of India NEW DELHI: Between 2009-10 and 2011-12, the proportion of people working slipped slightly in India, and the share of unemployed persons ticked up, a government report released on Thursday has revealed. In 2009-10, 36.5% of the population was gainfully employed for the better part of the year. By 2011-12, the proportion of such workers had dipped to 35.4%. Meanwhile the unemployment rate went up from 2.5% to...
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Poor in villages live on Rs 17 a day, in towns on Rs 23 a day: Survey -Mahendra Singh
-The Times of India NEW DELHI: The poor in rural areas spend only Rs 17 per day while those living in cities and towns spend Rs 23 a day, a government survey has revealed. The bottom 5% of the population had an average monthly per capita expenditure of Rs 521.44 in rural areas and Rs 700.50 in urban areas, according to national sample survey (NSS) data for 2011-12 (July-June). The top 5% of...
More »Demographic dividend gets postponed as agriculture workforce falls
-The Economic Times India's demographic dividend stands postponed, if we go by the employment figures garnered by the latest, 68th Round survey of the national sample survey Organisation. The proportion of the workforce living off agriculture has fallen below half, for the first time, which marks a milestone in the economy's structural diversification and moving people out of low-value agriculture and under-employment. A third major finding is that women are withdrawing from...
More »Working class of India, untie from nanny state
-The Economic Times Over the last decade the UPA government has tried to reduce poverty by legislating a regime of rights accompanied by the national rural employment guarantee (NREG) programme -spending Rs 1,70,000 crore on this strategy. This strategy would have been fine if the transformation of India from a strong currency, high growth and low inflation economy to aweak currency, low growth and high inflation economy had been accompanied by a...
More »Bitter pill
-The Business Standard Drugs are unaffordable, but price control is the wrong answer There is little doubt that medicines in India are too expensive for most of the population. For the poorest 20 per cent of Indians, the expenditure on medicines alone is 85 per cent of what they spend on their health, according to the national sample survey. A World Bank study on the subject found that just out-of-pocket medical costs...
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