-The Hindu Business Line On the day a ₹ 1,000/month minimum pension scheme was launched in India, an ILO policy paper report said that close to half (48 per cent) of people over pensionable age in the world do not receive a pension. And those who do get a pension, do not receive an adequate amount to cover for their health, and old age-related problems. "As a result, the majority of the...

-The Hindu Business Line While the limitations of the concept of economic growth are acknowledged, we need a better index than HDI Despite claims that economic development as a branch of economic science emerged only in the 1950s, there is no doubt that the notion of development existed even in classical economic thought processes, emerging from the writings of Adam Smith and David Ricardo. The recognition of development economics as a discipline...

-The Asian Age In India and around the world, poverty is predominantly rural. Development agencies often note that 75 per cent of the world's extremely poor people - those who earn less than $1.25 a day - live in rural areas. New figures from the 2014 Multidimensional Poverty Index (MPI), which measures overlapping dimensions of deprivation, show that rural poverty rates are even higher in some regions. In South Asia, the...

-The Hindu Business Line The case against labour inspector raj is overstated. Labour courts need to be strengthened The labour reform debate in India has acquired renewed vigour under the new government. The Rajasthan and the Haryana governments have recently proposed to amend a few Central labour laws. The Ministry of Labour and Employment has also circulated labour reform proposals. The Department of Industrial Policy and Promotion has issued an "advisory" to the...

India has witnessed many fiery debates on poverty estimates. Equally contentious has been the issue of inequality. Now a new report on exclusion offers a fresh perspective on poverty, inequality and social justice. (See below a summary of the report) Based on data and knowledge resources available in the public domain, India Exclusion Report 2013-14 highlights the systematic discrimination faced by women, Scheduled Castes (SCs), Scheduled Tribes (STs), Muslims, persons with...