-PTI New Delhi: Over Rs 29.41 crore was spent on using the Indian Air Force’s ultra-modern transport aircraft — the C-17 and the C-130J Super Hercules — to ferry the newly-issued Rs 2,000 and Rs 500 currency notes post-demonetisation, according to an RTI reply. The move to scrap the old Rs 500 and Rs 1,000 notes was announced by Prime Minister Narendra Modi on November 8, 2016, and saw 86 per cent...
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EPFO data government cited to show job surge is now down -Aanchal Magazine
-The Indian Express EPFO manages social security funds of workers in the organised/semi-organised sector in the country. EPF is applicable to establishments with more than 20 workers. New Delhi: The Employees’ Provident Fund Organisation’s (EPFO’s) enrolment numbers, which formed the basis for an ‘independent’ study released earlier this year that the government cited as an indicator of buoyancy in formal job creation in the economy, has now been sharply whittled down for...
More »The paradox of job growth -R Nagaraj
-The Hindu Besides the missing informal sector, over-estimation of output growth also offers clues Are the latest employment estimates by the Central Statistics Office (CSO) factually correct? No. They are off the mark, and confined to the economy’s organised or formal sector, accounting at best for 15% of the workforce. Is there a paradox in high output growth rates and the marginal effect on employment? Probably not, if one acknowledges that GDP...
More »Farmer suicides continue unabated despite PM Modi's tall promises
-National Herald Last year, Centre had informed the Supreme Court that despite a multi-pronged approach to improve income and social security of farmers, over 12,000 suicides were reported in the agricultural sector every year since 2013 Over the last 48 hours, at least 24 debt ridden farmers have committed suicide. The Marathwada region in Maharashtra has alone witnessed 452 instances of suicide in the first half of 2018 Despite announcements of loan waivers...
More »Farm support prices come with hidden costs -Ashima Goyal
-The Hindu Business Line In view of the distortions arising out of excessive price support, direct income transfers to farmers is a better option The domestic debate has tended to conclude that the rise in MSP announced in the Budget is an essential part of achieving the government’s objective of doubling farm incomes. But MSP stands for minimum support prices and is an instrument designed for reducing income volatility, not for raising...
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