-Livemint.com Digitization and militarization may aggravate the underlying structural conditions behind the Great Depression of 2008 and trigger a similarly dire crisis, says study There are warning signs that the global financial system is heading for another disaster. In a new paper, William I. Robinson of the University of California adds to these warning bells by highlighting how the rapid rise of digitalisation and new technologies could potentially hurt the global economy. In a...
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Bengal IT employees apply for trade union registration
-IANS * The Kolkata Forum for IT Employees said there has been a number of incidents of unfair labour practices in the past * There are 1.8 lakh employees working in the IT industry in West Bengal The Kolkata Forum for IT Employees on Saturday said it has applied to the West Bengal government for trade union registration in the Information Technology and ITes, Business Process Outsourcing and Knowledge Process Outsourcing industry in...
More »NPAs Under Modi's Mudra Scheme Doubled in Just a Year, Reveals RTI -Dheeraj Mishra
-TheWire.in Public sector NPAs of loans issued under the scheme have increased by Rs 9,204.14 crore in just one year – from Rs 7,277.31 crore in March 2018 to Rs 16,481.45 crore in March 2019. New Delhi: The non-performing assets (NPAs) under Prime Minister Narendra Modi’s ambitious Pradhan Mantri Mudra Yojana (PMMY) doubled within one year. This information was obtained through an RTI petition filed by The Wire. In a written reply to...
More »India's non-agrarian rural economy struggles for sustenance -Richard Mahapatra
-Down to Earth Farmers and farm labourers, who want to quit agriculture, are stuck in the non-remunerative work since other sectors are not generating jobs at the required rate We are fairly sure by now that the upcoming Budget would be the first government instrument towards the prime minister’s ambitious plan of making India a $5 trillion economy by 2024. Currently, India is nearly a $2.8 trillion economy. It is obvious we...
More »Why the Core of ex-CEA's Argument on India's GDP 'Overestimation' Stands -Prabhat Patnaik
-Newsclick.in After economic liberalisation, barring a brief hiatus, the growth rate has scarcely moved up compared with earlier, with manufacturing -- the sector that counts most -- often logging lower growth than before. The “gross domestic product” (GDP) is a concept rooted in an epistemic position which is intrinsically incapable of recognising the existence of a “surplus” in society. A simple example will make this clear. Suppose we have an agrarian economy...
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