-The Hindu Chairman Bibek Debroy, however, declines to share reasons Accelerating growth and employment over the next six months would be the top priority of the recently reconstituted Prime Minister's Economic Advisory Council (PMEAC), its chairman Bibek Debroy said on Wednesday, acknowledging the slowdown in the economy. “There is consensus among us about the various reasons that have contributed to the slowdown,” Mr. Debroy said after the first meeting of the Council on...
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A full-blown agrarian crisis? -Devinder Sharma
-DNA India India is frittering away gains of the Green Revolution and fast turning into a net food importer In 2015-16, India imported Rs 1,402,680,000,000 or 1.40 lakh crore worth of agricultural commodities. This was more than three times the annual budgetary allocation for domestic agriculture. Well, if you think the increasing reliance on food imports in one year — 2015-16 — is merely an aberration, hold your breath. According to commodity...
More »Absolute Decline In Jobs, Says New CDS Study, Drop Sharpest In Last Three Years
-Outlook According to the Labour Bureau’s Employment Unemployment Surveys, total employment in the country shrank by about 0.4 per cent annually between 2013-14 and 2015-16, a number which corresponds to 37.4 lakh people being unemployed. There has been an absolute decline in employment – number of people with jobs – between 2013-14 and 2015-16, possibly for the first time since independence, a new study published in the EPW journal says. Three...
More »Modi's Saubhagya Yojana: Repackaging an Already-Repackaged Scheme -Ravi Nair
-TheWire.in In addition to “launching” a scheme that basically already existed, the prime minister’s claim that his government has a good record on rural electrification contradicts the data. Prime Minister Narendra Modi this week announced a reportedly brand new scheme to electrify all villages in India and to provide electricity to all by the end of 2018. The scheme was called the Pradhan Mantri Sahaj Bijli Har Ghar Yojana or ‘Saubhagya’ intiative....
More »Draft social security code: Will it help informal workers? -Sharmila Kantha
-Ideas for India Labour law reform is considered as a key requirement for creation of new jobs as well as greater formalisation of existing jobs in India. In March this year, the Ministry of Labour and Employment brought out the draft social security code to amalgamate several Central labour laws and extend employment security to all workers. In this article, Sharmila Kantha discusses the positive features and practical aspects of the...
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