-The Telegraph The wages for workers of the Terai and Dooars tea gardens were revised at a tripartite meeting in Calcutta today, the hike of Rs 18 making it almost equal to the amount that the workforce in the Darjeeling gardens has been getting since April this year. According to the three-year agreement, the daily wage of the workers will be Rs 85 for the current year, Rs 90 for 2012-2013 and...
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Fortifying our future by Kalpana Kochhar
-The Hindustan Times The World Bank and International Monetary Fund just concluded their annual meetings in Washington. At an event on nutrition in South Asia, the evidence presented was clear and astonishing. On the one hand, South Asia has experienced robust economic growth averaging 6% a year over the past 20 years. On the other hand, the region continues to have unacceptably high rates of malnutrition with Bangladesh and India having...
More »Extend rural job scheme to industrial units: FICCI
-The Hindu Business Line Labour shortage, wage bill, loss of orders hit industry, says survey Labour shortage, wage increases and loss of confirmed orders are hitting industry hard, says a survey by Federation of Indian Chambers of Commerce of India (FICCI). If this were not enough, the UPA Government's flagship rural job scheme, MGNREGA, is adding to industry's labour woes by luring away casual workers, it adds. The survey, which found the impact of...
More »Tea firms see losses ahead as workers strike by Manish Basu
Two of India’s biggest tea companies, Goodricke Group Ltd and Duncans Industries Ltd, said they may plunge into losses as workers, backed by key political parties, agitate for more pay. The labour unions reject this contention. The two companies are the main plantation owners in West Bengal’s Dooars region and do not have too many gardens elsewhere. Between them they produce about 34 million kg of tea a year; Goodricke is...
More »Challenging the poverty dimension of inflation by Madan Sabnavis
A perverse, yet novel reason put forward to explain high inflation is that the poor are eating more as they are becoming less poor. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been extolled for being responsible for higher consumption, which in a way is a vindication of high inflation. The extended logic used here is that if the poor are eating more and we are paying high...
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