-The Hindu Investment in a scheme that guarantees rural employment with minimum wages should be seen as complementary and not alternative to development activities A recent paper by the Commission for Agricultural Costs and Prices (CACP) has argued that the "push" factors of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) are not as important as the economic growth "pull" factors, for increasing agricultural wages. The paper has received wide media...
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'Only 2% of India’s youth have vocational training' -Subodh Varma
-The Times of India NEW DELHI: Here is a pointer why industry groans about the lack of skilled manpower. Just 2% of India's youth and only about 7% of the whole working age population have received vocational training, a recently released survey report reveals. As in the past, hereditary learning or learning on the job continue to generate more skills than the whole formal vocational training set up of the country which...
More »NABARD shifts blame for corporate warehousing scheme to FinMin, RBI-Shalini Singh
-The Hindu In the eye of the storm for funding corporate warehousing projects on terms far softer than those offered to poor farmers, the National Bank for Agriculture and Rural Development (NABARD) is now blaming the Ministry of Finance (MoF) and the Reserve Bank of India (RBI) for the transgressions. Following a story in The Hindu, (‘As farmers suffer, NABARD offers soft loans to corporates, ' December 10, 2012), NABARD came under...
More »Anti-Posco leader held-Prafulla Das
-The Hindu Bhubaneswar: Posco Pratirodh Sangram Samiti leader Abhay Sahu was arrested from near Biju Patnaik Airport here on Saturday. Mr. Sahu was arrested for his alleged involvement in a case relating to the death of three persons in a bomb blast at Patana village in the area earmarked for the proposed Posco steel plant on March 2. Jagatsinghpur District Superintendent of Police Satyabrata Bhoi said the anti-Posco leader was arrested while he...
More »Services sector contributes Rs 2.98 lakh crore to Delhi's GDP
-PTI NEW DELHI: The services sector contributed a whopping Rs 2.98 lakh crore to Delhi's gross domestic product (GDP) of Rs 3.65 lakh crore in 2012-13, keeping its position as the main driver of the city's economy. The services sector, which includes real estate, hotels, restaurants, banking, insurance, wholesale and retail trade, accounted for 81.54 per cent of Delhi's total GDP in 2012-13 compared to an 81.62 per cent contribution in 2011-12,...
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