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The illusion, the reality check -Pranab Bardhan

-The Indian Express Three years after the Modi government assumed office, the promise of job creation is unmet. The demon of corruption is not yet slayed As the triumphal march of the Modi-Shah juggernaut continues, smashing the feckless and disorganised Opposition on its way, it is useful to ponder over at least two of the grand hoaxes of the current regime over the last three years that have been impressively successful with...

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Social impact of demonetisation may have been greater: World Bank

-The Hindu Greater data availability, especially on labour markets, needed to better gauge social impact of such policies The World Bank has said the social impact of demonetisation may have been greater as the informal economy was likely to have been hit especially hard. However, the Bank said the impact of demonetisation on the informal economy was difficult to measure and greater data availability, especially on labour markets, is needed to...

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Job creation in high-growth India should be a top priority -Harsh Mander

-Hindustan Times There are almost no jobs available in India’s high-growth economy. Job creation has plummeted to levels even below those of preceding UPA governments. Of the one million new people who join the workforce every month, only 0.01% of new workers added to the work force actually found work. For millions of young voters Prime Minister Modi’s most alluring election promise in 2014 was that his government would create ten million...

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India Exclusion Report 2016 paints a bleak picture of jobs, equality, agriculture

-MoneyControl.com Even as the Indian economy grew, the inequality between the rich and the poor too has widened with drastic fall in jobs and increase in number of landless farmers, the India Exclusion Report 2016 says. Even as the Indian economy grew, the inequality between the rich and the poor, too, has widened with a drastic fall in jobs and increase in number of landless farmers, says the India Exclusion Report...

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The call for a large safety net -Somesh Jha

-The Hindu Social security cover for all, even informal workers, is an ambitious target for the Centre and stumbling blocks pave its path. The Union government on Thursday proposed an ambitious law to provide social security net to the 47.41 crore-strong workforce of the country. The proposed code on ‘Social Security and Welfare’ intends to make a drastic shift in the social security framework of the country from an employment-based approach to a...

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