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India needs more than Narendra Modi's trickle-down model -Maitreesh Ghatak

-The Guardian India's PM points to Gujarat as an emblem of economic success. But despite impressive growth, the state lags behind on welfare Narendra Modi has just unveiled his first budget after winning a massive electoral victory on a development platform. The budget presented last week has disappointed those who were expecting stronger signals about a pro-market shift in economic policy, as well as in the stock market. However, the budget has...

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The good is in the detail -S Gurumurthy

-The Hindu   The national discourse is so superficial that it only talks of foreign direct investment, investment allowance, tax sops and the like which are just about a twentieth to a sixth of the national economy. It did not even notice paragraph 102 in the Union budget speech which is about half of India's economy. Commentators see facts hidden in budgets as the "devil's in the detail." This presumes that only...

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Deregulating Capital, Regulating Labour: The Dynamics in the Manufacturing Sector in India -Atul Sood, Paaritosh Nath, and Sangeeta Ghosh

-Economic and Political Weekly This paper identifies the channels and processes which have increased the vulnerability of employment in the organised manufacturing sector. It explores the exemptions from specific labour Regulations accorded to particular activities and locates the anti-labour positions in the arbitration mechanisms under the state and judicial reinterpretations of existing laws. The popular discourse on labour Regulation in India has been arguing in favour of labour market flexibility and...

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Modi govt eyes first labour overhaul to create jobs

-Reuters Prime Minister Narendra Modi has set in motion the first major revamp in decades of the archaic labour laws, part of a plan to revive the flagging economy, boost manufacturing and create millions of jobs. Successive governments have agreed labour reform is critical to absorb 200 million Indians reaching working age over the next two decades, but fears of an ugly union-led backlash and partisan politics have prevented changes to free...

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AIIMS doctors lead the way, wage war on unnecessary medical tests -Rema Nagarajan

-The Times of India NEW DELHI: Top cardiologists of the All India Institute of Medical Sciences (AIIMS) here have decided to start an initiative called the Society for Less Investigative Medicine (SLIM) - a movement that aims to take on the growing menace of excessive medical investigations, starting with cardiology. Several studies across the world have conclusively established that generalized annual health check-ups are unnecessary and add enormously to healthcare costs without...

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