Generally, economists refer to indicators like Worker Population Ratio (WPR), Labour Force Participation Rate (LFPR) and Unemployment Rate (UR) in order to assess the extent of joblessness and work related precarity at a particular period of time in a certain geographical area. However, there are other indicators too, which can help in understanding the job situation, livelihoods security and vulnerability of workers in a better way such as 'percentage distribution...
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Still short of schooling at 74 -Jean Drèze
-The Hindu India’s failure to put in place a sound schooling system is exacting a heavy price Word has it that there are two schools of thought among Indian development economists — one advocating growth and the other redistribution. This perception is quite misleading. For one thing, growth and redistribution are not the only means of making the world a better place. To illustrate, civil liberties have much to contribute to the...
More »Retail inflation eased to 5.6% in July
-The Hindu Industrial output growth halves from 28.6% in May to 13.6% in June Retail inflation cooled slightly to 5.6% in July, slipping below the central bank’s upper tolerance threshold of 6% for the first time in three months, even as industrial output growth halved from 28.6% in May to 13.6% in June, as base effects from the national lockdown of 2020 begin to fade. Food prices at the consumer level played a...
More »Official data corroborates deepening of livelihood crisis in urban areas during the 2020 nationwide lockdown
The recently released quarterly Periodic Labour Force Survey (PLFS) data broadly confirms the dip in employment and jobs during the countrywide lockdown period, followed by a certain degree of recovery in the post-lockdown months last year as have been indicated by various survey-based studies and research papers. The quarterly bulletin on PLFS provides data on key employment and unemployment indicators i.e. Unemployment Rate (UR), Worker Population Ratio (WPR) and Labour...
More »How Feasible Is MSP as a Legal Right? Farmers Discuss at Kisan Sansad -Indra Shekhar Singh
-TheWire.in Protesting farmers believe that the MSP will as a legal right will solve a lot of farmers' issues, including debt. While Prime Minister Narendra Modi was busy touting the Pradhan Mantri Garib Kalyan Anna Yojana, the Kisan Sansad (parallel parliament organised by farmers at Jantar Mantar) delved into a serious question – can the minimum support price (MSP) become a legal right? There were 200 new farmers’ representatives and six hours to...
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