-The Indian Express FDI in retail will bring competition to non-tradable services, and make Indian firms globally competitive India removed barriers to trade in goods in the 1990s. Removing protection brought global competition and raised Productivity. But introducing global competition in services is harder. In certain services that are tradable, like legal or financial services, the removal of trade barriers can introduce competition and increase Productivity. But these often involve complicated and...

-The Hindu DHARWAD: Vice-Chancellor of the University of Agricultural Sciences (UAS), Dharwad, R.R. Hanchinal said the research conducted by scientists from the university had proved that organic farming ensured more Productivity than chemical farming in rain-fed areas. Presiding over the inaugural session of the two-day State-level workshop on ‘Plant protection in organic farming’ on the university campus here on Tuesday, Prof. Hanchinal said the outcome of a recent comparative study on organic...

-The Indian Express Too many of our economic prescriptions are based on dogma, empirical half-truths It has become fashionable to say, following the conclusions of Michael Spence’s Growth Commission, that there is no single recipe for growth, only some common ingredients. Such a claim brings a due degree of modesty to what we do or do not know about growth. And at the very least, such a claim has the virtue of...

-Governance Now An alumnus of IIT Kanpur, Ram Sewak Sharma is a 1978 batch Indian administrative service officer belonging to Jharkhand cadre. Sharma is praised for laying down IT infrastructure in Jharkhand. In his role as the director general of unique identification authority of India (UIDAI) Sharma is chauffeuring ‘Aadhaar-enabled service delivery’ which would result in saving huge financial resources to the public exchequer. In an interview with Pratap Vikram Singh,...

-Live Mint Decline came as labour Productivity grew 7.6%; wage growth remains far below pre-crisis levels globally  India’s real wages fell 1% between 2008 and 2011, while labour Productivity grew 7.6% in the same period, International Labour Organization (ILO) data showed on Friday, indicating that the benefits of the country’s economic growth didn’t translate into better pay for workers in the aftermath of the global economic crisis. In contrast, China’s real wage growth...