Noting that it was committed to extending social security cover to all sections, the Government on Tuesday said it had decided to set up a National Social Security Fund for workers in the unorganised sector. “The National Social Security Fund for workers in the unorganised sector would cover weavers, toddy tappers, rickshaw pullers and bidi workers with an initial allocation of Rs. 1000 crore,” the UPA government's Report to the People...

The revised estimates of national income by the Central Statistical Organisation for 2009-10 present a generally positive picture of the economy. During the year, the economy grew by 7.4 per cent, marginally higher than the 7.2 per cent projected in February's advance estimates. A better-than-expected 8.6 per cent growth during the fourth quarter is the main reason. Industry has been a star performer. The strong performance of the crucial segments...

A working group on NREGA asks for indexing wages to the farm wage index, besides reducing work hours. Justice often comes with a price. If workers of the country's only largescale wage employment programme are to be ensured a decent minimum wage for 100 days every year, it is sure to make many others wince. For, low wages mean more production, cheaper stuff, and so on. The supporters of low wages also...

ON May 31, when the government announces GDP numbers for 2009-10, for the first time, factories would contribute more to the national income than the country’s farmers, marking a significant shift in the structure of the India economy. That does not, however, diminish the importance of the farm, fisheries and the forest sector because of the disproportionately high percentage of people still engaged in these activities. Neither does it take...

Like coal, the iron ore mining sector in the country too will soon have ‘go’ and ‘no go’ areas where green clearance will be given depending on their ecological sensitivity, Environment Minister Jairam Ramesh has said. He was speaking at a national workshop on “Reforms in Environmental Regulation” on Tuesday where he underlined the need to ensure developmental activities while protecting ecological concerns. “We would soon extend the exercise of...