-The Indian Express Interestingly, researchers observed that as much as 5 million people left the workforce between 2016 and 2018. "The beginning of the decline in jobs coincided with demonetisation in November 2016, although no direct causal relationship can be established based only on these trends," The State of Working India (SWI) 2019 report released by Azim Premji University says. Bengaluru: Researchers and economists of Azim Premji University, based in Bangalore,...
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Rural Bihar prefer healthcare, infrastructure over cash transfer: World Bank -Asit Ranjan Mishra
-Livemint.com * Only 13% surveyed chose cash if it came at the expense of spending to improve public health and nutrition * The number grew to 35% if the cash came at the expense of improving roads New Delhi: A timely survey conducted in rural Bihar by a World Bank economist and two professors from the Georgetown University to gauge the response of poor people on the raging debate over a minimum income...
More »There is a way to deliver a minimum income guarantee -- but Congress hasn't found it -Jayati Ghosh
-The Indian Express Instead of embarking on a massive administrative exercise with uncertain benefits, it is possible to think of another combination of public interventions that would actually ensure minimum income to a much larger proportion of the population. The Congress party’s recent declaration that, if voted to power, it will seek to ensure a minimum income to 20 per cent of the poorest households in the country, is laudable in...
More »How bankruptcy code can help fix India's agrarian crisis -Aishwarya Satija
-The Economic Times The IBC’s ‘fresh start’ process provides a systematic manner of waiving debts overseen by a judicial body. Historically, farm loan waivers have been used as a quick-fix solution to agrarian distress in India. Commonly used by political parties before elections, they have a long history at both central & state levels. However, the efficiency of waivers in actually resolving the debt burden of farmers is questionable. Waivers may work as...
More »Prof. Guy Standing, economist at the School Of Oriental and African Studies, University of London, interviewed by Sayantan Bera (Livemint.com)
-Livemint.com In conversation with Guy Standing, economist at the School Of Oriental and African Studies, University of London Neither the Narendra Modi government nor Rahul Gandhi have gotten minimum income scheme right, he says New Delhi: Income support is the big economic idea of the season. While the ruling BJP government announced a limited money transfer scheme targeted at farmers in the recent interim budget, the Congress has proposed to solve the country’s...
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