Built into the economic dogma of growth first is the ingrained notion held by large segments of the nation's elite that the fabric of inequality is meant to remain unimpaired. “The Challenge of Employment in India; An Informal Economy Perspective” sums up the findings of a National Commission set up in September 2004 to review the status of the unorganised/ínformal sector in India (Volume I Main Report and volume II...
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Will India be the world's fastest growing economy?
The India growth story is enviable. Despite plaguing problems, India has emerged stronger and resilient to the global crisis so far. India is expected to be the world's fastest growing economy by 2018, according to Economist Intelligence Unit (EIU), the research arm of the Economist magazine. India, the second largest growing economy will overtake China as the fastest growing major economy with an average of eight per cent in the...
More »4.9 cr rural jobs created in 2009-10: UPA report
Nearly 4.9 crore rural households were provided employment under the Mahatma Gandhi National Rural Employment Guarantee Scheme in the last fiscal, says the UPA-II's report card released by Prime Minister Manmohan Singh on Tuesday. The average Wage Rate per day in the programme has gone up by Rs.25 in the last three years, says the report which outlines steps taken in the past year for rural renewal, a thrust area...
More »NREGA, more or less by Sreelatha Menon
A working group on NREGA asks for indexing wages to the farm wage index, besides reducing work hours. Justice often comes with a price. If workers of the country's only largescale wage employment programme are to be ensured a decent minimum wage for 100 days every year, it is sure to make many others wince. For, low wages mean more production, cheaper stuff, and so on. The supporters of low wages also...
More »Survey shows disparity in wages of men and women
A government survey has showed wide disparity between male and female wage earners in the 15-59 age group both in urban and rural areas. The study conducted by National Sample Survey Office for 2007-08 said that while the average Wage Rate in rural areas was Rs 175.30 per day for males it was Rs 108.14 for females. Similarly, in urban areas, the average Wage Rate for males was Rs 276.04 per day...
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