Contrary to the rising economic distress on the ground since the last few years, the official press release related to the fourth Annual Report on the Periodic Labour Force Survey (PLFS) at first glance seems to give a rosy picture about the employment situation in India. Defined as the percentage of persons unemployed among the persons in the labour force, the unemployment rate in usual status (principal activity status + subsidiary economic activity status)...
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Public sector banks have ensured financial inclusion, finds a new empirical study
Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...
More »Kisan-jawan alliance to launch campaign against Agnipath -Imran Ahmed Siddiqui
-The Telegraph The first step would be 'Jai Jawan, Jai Kisan' conferences from August 7 to 14, said Yogendra Yadav, the president of Morcha constituent Swaraj India New Delhi: The Samyukta Kisan Morcha, the umbrella organisation that spearheaded the movement against the Narendra Modi government’s controversial farm laws, and the United Front of Ex-Servicemen will jointly organise a nationwide campaign against the Centre’s Agnipath armed forces recruitment scheme from August 7 to...
More »Workers demand increased budgetary allocations and timely payment on the 1st day of MGNREGA dharna
-Press release by NREGA Sangharsh Morcha dated August 2, 2022 Hundreds of NREGA workers from 15+ states gathered for a three day protest at Jantar Mantar in New Delhi called under the banner of NREGA Sangharsh Morcha. The crucial role played by NREGA in supporting the rural population was highlighted during the pandemic, with work demand shooting up as lakhs of migrant workers streamed home. Even now, two years into the...
More »How a transition back to hardy millets could solve several crises that India is grappling with -Swapan Mehra
-Scroll.in With climate change, farmer suicides and agicultural distress, the drought-resilient coarse grain that requires few resources could be the answer. Already caught in a vicious cycle of debt and declining yields, Indian farmers now face new challenges from climate change. The Ministry of Earth Science, in a 2020 report, predicts, “Rising temperatures, heat extremes, and increasing year-to-year rainfall variability are likely to adversely impact crop yield.” India’s Green Revolution of the 1960s...
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