-Firstpost.com So, Prime Minister Narendra Modi has got his three wise men and one wise woman to advise him on managing the economy. The Prime Minister’s Economic Advisory Council (PMEAC) has been revived with Bibek Debroy as chairman and Surjit Bhalla, Rathin Roy and Ashima Goyal as members. Ratan Watal, a career bureaucrat, will be member secretary. No one can deny that it’s a great team with impeccable credentials, both as economists...
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Trade Unions Reject the Wage Code Bill 2017
-Newsclick.in The Labour Ministry introduced the Code on Wages Bill 2017 in the Lok Sabha on August 10, with the ostensible aim of ensuring a statutory national minimum wage and other protections to all wage workers in the country. The Code seeks to replace the four existing laws relating to wages – the Payment of Wages Act, 1936; the Minimum Wages Act, 1948; the Payment of Bonus Act, 1965; and the Equal...
More »MS Swaminathan, father of India's Green Revolution, interviewed by Vidya Venkat (The Hindu)
-The Hindu Fifty years since the Green Revolution, the architect of the reform highlights the crisis facing Indian agriculture today It is 11 years since agronomist M.S. Swaminathan handed over his recommendations for improving the state of agriculture in India to the former United Progressive Alliance government, at the height of the Vidarbha farmer suicides crisis, but they are still to be implemented. To address the agrarian crisis and farmers’ unrest across...
More »Maharashtra farmer laon: 1.36 crore farmers have a total loan of Rs 1.14 lakh crore -Shubhangi Khapre
-The Indian Express Finance Minister Sudhir Mungantiwar says Maharashtra is a huge state and there are ways to raise the funds Mumbai: The Maharashtra government will have to provide Rs 1.14 lakh crore to write off the entire loan burden of all 1.36 crore farmers in Maharashtra, stoking concerns given the state’s debt burden of Rs 4 lakh crore. Highly placed sources said the state budget for 2017-18 was Rs 2.57 lakh...
More »DeMolished India's top rank -Jayanta Roy Chowdhury and R Suryamurthy
-The Telegraph New Delhi: India is no longer the fastest-growing major economy in the world: it has lost its bragging rights to China. The Central Statistics Office (CSO) today put out its provisional estimates on national income that showed real GDP growth had tumbled to 6.1 per cent in the fourth quarter (January-March). That is considerably slower than the 6.9 per cent growth that the resurgent Chinese economy racked up during the same...
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