-The Hindu The Union Ministry of Labour has done well to raise the salary cap for availing Employees' State Insurance (ESI) to Rs.25,000. While the move is expected to expand coverage to an additional five million workers and their dependents, this is still small comfort in a country where barely three per cent of the workforce enjoys any social protection. The evolution of ESI has been characterised by an accent...
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The silver lining
-The Business Standard Contrary to earlier claims, farm growth may be robust The projection by the Commission for Agricultural Costs and Prices (CACP) of robust agricultural growth of above five per cent and a consequential handsome rise in rural incomes comes as a silver lining to India's otherwise gloomy economic scene. The CACP's reckoning, based on a rigorous mathematical model, virtually discounts the agriculture ministry's kharif crop output estimates (called first advance...
More »Roads and mobile phones have taken India's growth to Bharat-Neelkanth Mishra
-The Economic Times Sometimes, putting one and one together does make 11, but many of us seem hardwired in our thoughts to assume rural income growth is a zero-sum game. For example, some people believe subsidies have driven the 15-20 per cent a-year growth in Rural Wages over the last five years. They come up with "explanations", including "people are selling land and consuming", "rising minimum support prices", and "NREGA is...
More »How MGNREGS can help education-Sreelatha Menon
-The Business Standard A study finds migration doesn't lead to child labour; it impacts the education of child migrants Migration has helped rural incomes and, to a certain extent, agriculture. Typically, migrants from rural areas are short-term migrants. Often, adult migrants take their children with them, and this leads to the overall picture being distorted. A 2010 study on the impact of short-term - often as short as a month - migration on...
More »Some good news: Farm sector likely to grow over 5%-Surojit Gupta & Sidharth
-The Times of India NEW DELHI: Agricultural GDP is likely to grow by over 5% this year thanks to the most abundant rains in nearly two decades, a government thinktank has forecast. If the prediction turns out right, it could help tame food inflation, provide a much-needed boost to rural incomes and a knock-on effect on other sectors of the economy. The demand for two-wheelers, tractors and mobiles, in particular, could rise...
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