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Professor Amiya Bagchi, Marxist economist, interviewed by Subhoranjan Dasgupta (The Telegraph)

-The Telegraph "The government has miserably failed to stimulate the domestic economy. It has spent less and less on public education, healthcare and infrastructure because of its erroneous policy" The Modi government has an ambitious plan to create a $5-trillion economy in the next five years — but all data points are heavily stacked against it. The economy is floundering and the Reserve Bank of India has already trimmed its growth forecast...

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Dip in tractor sales indicate further deepening of rural distress

In the financial year 2017-18 when tractor sales touched new heights, it was said by many of the NDA (viz. National Democratic Alliance) government supporters that rural demand has revived on account of adequate monsoon rainfall and higher minimum support prices for crops. Many economists and newspaper columnists also denied the existence of any rural distress. An alternative perspective, however, was also presented by rural economists like Dr. Himanshu who teaches...

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Repealing the Construction Workers Act Under New Labour Codes Will Prove Disastrous -Harshil Sharma

-TheWire.in In the name of simplification and universalisation, the new labour codes will likely result in increased worker exploitation. The Indian government has brought out four labour codes with the stated objective to rationalise and simplify the existing 44 labour laws. It is a welcome initiative to consolidate and simplify the delivery of justice to the working class. The four labour codes relate to wages, industrial relations, social security and welfare and...

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Which one is a better indicator for depicting the problem of joblessness -- Proportion Unemployed or Unemployment Rate?

In a recent blog post, Columbia University professor Arvind Panagariya mentions that the critics of the present Prime Minister of India failed to underscore ‘employment rate’ -- flip side of unemployment rate -- that stood at nearly 94 percent according to the report on Periodic Labour Force Survey 2017-18. A recent article by Dr. Vikas Rawal and Prachi Bansal, however, points out that in order to understand the problem of joblessness...

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PM's pension scheme: Two months into launch, workers not keen, call it poll gimmick -Christina George

-The Indian Express Makhan Lal, a construction worker who is on the verge of quitting work because of a dislocated shoulder, says: “I haven’t heard of Modi’s pension scheme or Rahul Gandhi’s NYAY... what I know is that we will remain poor, this basti will continue to have open sewage and during rains our houses will be under sewer water.” Chand Lal, 45, was back at his 8×8 feet shanty in...

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