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Messing with a good thing -Pramathesh Ambasta

-The Financial Express MGNREGA must be tweaked in implementation, not design. Before his tragic demise, the Union minister for rural development, Gopinath Munde, gave a clear indication of the new government's priorities on MGNREGA. Both these priorities are vital: using the programme for the creation of productive assets to combat drought and poverty and ensuring timely payment of wages. More than two decades of liberalisation and high economic growth have left India...

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Modi govt eyes first labour overhaul to create jobs

-Reuters Prime Minister Narendra Modi has set in motion the first major revamp in decades of the archaic labour laws, part of a plan to revive the flagging economy, boost manufacturing and create millions of jobs. Successive governments have agreed labour reform is critical to absorb 200 million Indians reaching working age over the next two decades, but fears of an ugly union-led backlash and partisan politics have prevented changes to free...

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Link between Food Price Inflation and Rural Wage Dynamics -Atulan Guha and Ashutosh Kr Tripathi

-Economic and Political Weekly     In exploring the link between food price inflation and rising rural real wages, this paper examines the dynamic relations between rural wages in different sectors and the relationship these wages share with increasing food prices. It looks into the possibility of a Lewsian transformation causing an increase in real rural wages, but the result of the analysis suggests that the rise in wages is because of an...

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Labour ministry okays new scheme for inspection -Somesh Jha

-The Business Standard   A CAIU will be set up to analyse and collect field data for a transparent and accountable labour inspection system The Union labour ministry has approved a more liberal inspection scheme aimed at simplifying business regulations and bringing "transparency and accountability" in the system. For this purpose, a Central Analysis and Intelligence Unit (CAIU) will be set up to analyse and collect field data "for a transparent and accountable labour...

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India’s Informal Economy: 400 Million Strong, Little Or No Access To Workplace Benefits -Angelo Young

-International Business Times   Consider this: There are 400 million Indians with no access to workplace benefits, such as social security, health insurance or unemployment insurance, a number higher than the population of the United States and Canada combined, according to a Delhi-based group of economic researchers. So, as the United States grapples with growing income inequality, it takes a country like India to put some of those economic and working realities into...

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