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Job Growth Plummets, Says New Govt. Report -Subodh Varma

-Newsclick.in Manufacturing sector loses 87,000 jobs in Apr-Jul 2017. The latest Quarterly Employment Survey (QES) Report released by the govt.’s Labour Bureau reveals that just 64,000 jobs were added in eight selected sectors during April-July 2017 down by 65% compared to the previous quarter. Compared to the base level estimate of total employment of 205.22 lakh as on 1 April 2016, the Indian economy has added 4.8 lakh jobs in 15...

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RBI's NPA bitter pill comes with some side effects -Richa Mishra & KR Srivats

-The Hindu Business Line Bankers call for a coordinated approach to deal with the stressed loans issue New Delhi: The RBI’s revised framework for stressed loans may prove to be disastrous and seems ill timed for an economy that is just recovering from twin policy blows of demonetisation and GST implementation. Though there are long-term benefits of administering such a bitter pill, the short-term risks are significant, say bankers. “This (revised NPA framework) is...

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Doctors for rural India -Soham D Bhaduri

-The Hindu Inducting Licentiate Medical Practitioners may be the solution to the chronic shortage of doctors in rural areas Nearly 600 million people in India, mostly in the rural areas, have little or no access to health care. A widespread disregard for norms, a perpetual failure to reach targets, and an air of utter helplessness are what mark the state of rural health care today. One can add to this another...

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Too clever by half? -Venkatesh Athreya

-Frontline.in Despite its deeply flawed neoliberal perspective, Economic Survey 2017-18 is rich in detail, has many useful analytical discussions at different levels of aggregation, and would serve as a useful resource for students and scholars. When Arvind Subramanian, the present Chief Economic Adviser to the Ministry of Finance who took office way back in October 2014, presented his first Economic Survey, the one for 2014-15, there was considerable novelty on offer, at...

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In Fact: Why India doesn't lose forest cover -Jay Mazoomdaar

-The Indian Express Despite deforestation and human encroachment, the country’s forest cover has remained stable around 20% since Independence. This is because the loss of natural old-growth forests is compensated on paper by expanding monoculture plantations. Since Independence, a fifth of India’s land has consistently been under forests. The population has increased more than three times since 1947, and from 1951-80, a total 42,380 sq km of forestland was diverted — some...

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