The robust 9 per cent –plus growth in South Asia till 2010, driven largely by India, where it came down to around 7 per cent in 2011-12, had one major qualifier: it was mostly associated with a rapid rise in labour productivity rather than an expansion in employment, according to the latest report Global Employment Trends from International Labour Office. Up until the end of the millennium, that is just a...
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Transformation for the better-Aakar Patel
Rudyard Kipling opens his superb novel with the street urchin Kim teasing the son of a wealthy man. Kim kicks Chota Lal, whose father, Lala Dinanath, is worth half-a-million sterling, off the trunnion of the mighty cannon Zam-Zammah. Kipling loved India and wrote that it was the only democratic place in the world. It warms us to read this, but of course this was quite untrue in Kipling’s time and...
More »One-third of rural job funds spent in March
-The Times of India KOLKATA: It may be the impact of the efforts put in by officials led by panchayat minister Subrata Mukherjee in the past few months, or a matter of outdoing the former Left Front government in terms of figures. But the fact is that the Mamata Banerjee government has spent a whopping Rs 982.86 crore in this March alone under the Mahatma Gandhi National Rural Employment Guarantee Act...
More »MNREGA: delay in payment of wages puts off job-seekers-N Dinesh Nayak
They prefer to migrate to cities to earn a livelihood ‘Apply for work, get work, and get paid on time.' This is how the Union government's scheme promising 100 days of guaranteed work in a financial year to a rural household took off in 2006. However, the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) has failed to come as a relief for people especially those in drought-hit regions of the...
More »Asia's increasing rich-poor divide undermining growth, stability - ADB report
-Daily News Asia's rapid growth is leaving millions behind, causing a widening gap between rich and poor that threatens to undermine the region's stability, according to a new report from the Asian Development Bank (ADB). "Another 240 million people could have been lifted out of poverty over the past 20 years if inequality had remained stable instead of increasing as it has since the 1990s," said ADB's Chief Economist Changyong Rhee. The Asian...
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