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Measuring Economic Development: Data points undergo changes in 4 yrs -Aanchal Magazine

-The Indian Express GDP growth rates for pre-2011-12 years, making it impossible to compare the new growth data with the growth during the UPA years. New Delhi: From a new gross domestic product (GDP) series to a revised Index of Industrial Production and inflation indices, alongside fresh interventions including payroll reporting based on EPFO data, statistical measurement tools to gauge economic development underwent some change over the past four years. In the...

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Labour Ministry puts on hold quarterly jobs survey -Yogima Sharma

-The Economic Times NEW DELHI: Labour ministry’s quarterly employment survey (QES), which provides for the number of jobs created in eight sectors that account for over 80% of the country’s total organised workforce, has been put on the backburner owing to the more recent payroll data which has projected much higher number of jobs created in the organised sector than the Labour Bureau survey shows. According to the government’s first-ever estimate of...

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Non-agricultural jobs pay better than the agrarian ones, on average, though wage rates vary across different rural occupations

If someone is a rural male, what occupation would he prefer? A rational person might say that depending on the highest prevailing daily wage rate in a particular occupation (which is subject to seasonal variation) vis-à-vis the rest, he will make his choice.   An exercise undertaken by the Inclusive Media for Change team based on the latest available month-wise wage data of rural men shows that there is a seasonal variation...

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Delay in MGNREGA wages, compensation unacceptable: SC

-IANS New Delhi: The Supreme Court on Friday directed the Centre, in consultation with states, to prepare an "urgent time bound mandatory programme" to make the payment of wages and compensation to the workers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). A bench of Justice M.B. Lokur and Justice N.V. Ramana made it clear and directed that in terms of the MGNREGA and Schedule II thereof a "worker is...

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Delay in payment of MGNREGA wages not accepted: Supreme Court

-The New Indian Epxress NEW DELHI: Any delay in paying the wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is "simply not acceptable" and red-tape cannot be "pedalled" as an excuse to deny payment to the workers, the Supreme Court said today. The court, while noting that the Centre has admitted delay in payment of wages, said the payments to the workers must be transferred to them immediately, failing...

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