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Every year, farmers lose Rs 63,000 crore for not being able to sell their produce -Richard Mahapatra and Kiran Pandey

-Down to Earth That explains why agrarian riots have increased by over 600 per cent in the last three years Whenever agriculture makes headlines, ironically, they hide more stories of distress. For sixth consecutive year, horticulture (fruits and vegetables) production has outstripped food grain production. Apparently, it is encouraging news given that farmers earn more from vegetables and fruits than food grains. But around the same time, reports of farmers dumping...

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A statistical boost to growth in Indian economy -Manas Chakravarty

-Livemint.com While CSO’s GDP growth estimates will be a disappointment, it will very likely be explained away soon as the market tries to find new and innovative reasons to extend the rally For a few quarters, take all year-on-year (y-o-y) growth figures about the Indian economy with a pinch of salt. That’s because they will now be boosted due to the favourable effect of a low base. Since demonetisation and the introduction...

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Casual employment worst hit after note ban, shows new report

In the 3 months period following demonetisation, most job cuts happened for casual workers. This has been confirmed by the Labour Bureau's latest Quarterly Report on Employment Scenario in selected sectors. Although overall employment increased in the 8 major sectors of the economy by 1.85 lakhs between 1st January, 2017 and 1st April, 2017, employment of regular workers (1.97 lakhs) increased the most, followed by employment of contract workers (26,000...

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53 thousand casual jobs lost in Jan-Mar, overall employment up by 1.85 lakh

-PTI New Delhi: Casual workers remained the most affected post-demonetisation, with as many as 53 thousand workers losing their jobs in 8 select sector during the first three months of 2017, according to a Labour Bureau survey. However, the overall jobs situation improved in sectors like manufacturing and IT as employment increased by 1.85 lakh during the January–March period across eight sectors at all India level. “There was a positive change of...

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Note Ban Hurt Daily Wagers, Contractual Jobs, Shows Government's Own Survey -Somesh Jha

-TheWire.in In January-March 2017, regular jobs rose while jobs for contract workers slowed to 26,000 against 1,24,000 in the previous quarter. New Delhi: The government’s demonetisation of high-value currency notes in November last year affected job creation among daily wagers and contract workers, even as regular jobs continued to grow, shows the latest official survey of enterprises, issued by the Labour Bureau. During January-March 2017, job creation stood at 185,000 against 122,000 in October-December...

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