-NDTV The Modi government is finally getting some flak, as it should, for its confused economic policies, epitomised by the demonetisation blunder last year. Despite relatively favourable circumstances (including good monsoons and a decline in international fuel prices), the rate of economic growth is declining quarter after quarter. For manufacturing, it is even close to zero, according to the latest estimates. Statistics related to employment and wages are even more worrying....
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Lucas Chancel, economist working on inequality, interviewed by Sanjay Vijayakumar (The Hindu)
-The Hindu The top 1% of earners captured less than 21% of total income in the late 1930s, before dropping to 6% in the early 1980s and rising to 22% today, says renowned economist Lucas Chancel According to a research paper by renowned economists Thomas Piketty and Lucas Chancel, income inequality in India is at its highest level since 1922, the year the Income Tax Act was passed. In December, they will...
More »SC bench observes apathy for legal provisions under NFSA by state govts.
Will you go and make complaints to the same public official against whom you have a grievance? Of course not. However, in a judgement dated 21 July, 2017 by a two-judge Supreme Court (SC) bench, it has been observed that officers in charge of implementation of the National Food Security Act (NFSA), were also designated as District Grievance Redressal Officers (DGROs) by several state governments. Section 15 of NFSA The SC...
More »Why are millions of Indian women dropping out of work? -Soutik Biswas
-BBC Why are millions of women dropping out of work in India? The numbers are stark - for the first time in India's recent history, not only there was a decline in the female labour participation rate, but also a shrinking of the total number of women in the workforce. * Nearly 20 million Indian women quit work between 2004-05 to 2011-12 * The labour force participation rate for women of working age declined...
More »Sam Pitroda, regarded as the father of India's telecom revolution, interviewed by Peerzada Abrar (The Hindu)
-The Hindu Online media companies don’t take responsibility for their content, he says Sam Pitroda, regarded as the father of India’s telecom revolution, says that he is deeply concerned with the way social media is being misused globally to propagate lies, hatred and false ideas. In an interview, Mr. Pitroda says that in India also, social media has not been used effectively and technology is not meant to be misapplied. He says...
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