-The Indian Express The problem is under-employment. It won’t be resolved if the residually-employed are notionally shifted from the informal to formal sector. In an article in January, Soumya Kanti Ghosh and Pulak Ghosh (Ghosh and Ghosh) claimed that seven million new jobs have been created in the formal sector. Their claim is based on the increase in registration under the Employees Provident Fund (EPFO), National Pension Scheme and Employees State Insurance...
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Telangana doles out agri credit assistance; farmers get Rs. 4,000/acre
-The Hindu Business Line CM demands NREGA cover for farm labour Hyderabad: About 58 lakh farmers in Telangana will get a financial assistance of ?4,000 each for every acre of land they own under a programme launched by the Chief Minister K Chandrasekhara Rao today The State government has allocated ?12,000 crore for the scheme in the Budget for 2018-19. The farmers will get ?4,000 each an acre in the kharif and in...
More »Stop this jobs charade: on India's unemployment problem -Praveen Chakravarty & Jairam Ramesh
-The Hindu India must debate solutions to the employment problem, as a true democracy should and would In January this year, the Prime Minister made this statement: “7 million new jobs created in 2017”. The statement draws on false conclusions of a study by two economists. Here is another: “10-12 million young people join the workforce every year and 7 million new and formal jobs were created in 2017,” said the Minister of...
More »Jean Dreze, development economist and social activist, interviewed by Rupashree Nanda (CNN-News18)
-News18.com In an interview with News18’s Rupashree Nanda, Dreze, who was a member of Sonia Gandhi’s National Advisory Council and an architect of the National Employment Guarantee Act (NREGA), says that there have been no major initiatives in the social field in the last four years, with the partial exception of Swachh Bharat. Government data reveal that the Indian economy is growing at a robust rate but noted economist Jean Dreze believes...
More »Member of PM's Advisory Council Accused of 'Inventing' Employment Data
-TheWire.in Surjit Bhalla, who draws on CMIE’s database and EPFO data, notes that job creation in 2017 was likely 15 million. New Delhi: The head of the Centre for Monitoring of Indian Economy (CMIE) has accused economist Surjit Bhalla, who is a member of the Prime Minister’s Economic Advisory Council (PMEAC), of distorting and “dishonestly presenting” its nationwide employment survey to claim that India created 15 million jobs in 2017. The CMIE does...
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