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Agri Workers’ Tiny Wage Rise Wiped Out by Inflation -Subodh Varma

-Newsclick.in In the past five years, agri workers’ wage has increased by only about Rs.15 per year. For those leaders of the country who are tearing their hair trying to figure out how to get the economy moving, boost growth, increase investment and create jobs, it would be instructive to look at the plight of the largest economic class in the country – agricultural labourers. Numbering upward of 14 crore, they are...

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Trade pacts: India’s FTA thrust lacks clarity -Abhijit Das

-The Hindu FTAs are about pursuing economic goals. They should have little to do with achieving social or geo-strategic objectives After hurtling for many months towards finalising the India-UK FTA by Diwali, a substantial trade deal appears unlikely by this deadline. Instead of bemoaning this as a missed chance, it should be taken as an opportunity for introspecting India’s approach to FTAs, particularly with the developed countries such as the UK, European...

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Financial inclusion of MSMEs and its impact on society -Hardika Shah

-The Hindu Business Line Why access to capital for MSME entrepreneurs has the potential to alter India’s social fabric India’s social fabric has undergone a series of transformations since Independence. After the liberalisation of the economy in the 1990s, the market opened up and employment opportunities grew, as did the spending power and standard of living of the average Indian. As financial access grew, so did social mobility. However, certain sections have lagged...

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Quality of work matters, and not just job creation

Contrary to the rising economic distress on the ground since the last few years, the official press release related to the fourth Annual Report on the Periodic Labour Force Survey (PLFS) at first glance seems to give a rosy picture about the employment situation in India.  Defined as the percentage of persons unemployed among the persons in the labour force, the unemployment rate in usual status (principal activity status + subsidiary economic activity status)...

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History in the making: March for Accountability Act in Rajasthan -Thomas Franco

-Centre for Financial Accountability Jawabdehi Yatra organised by Mazdoor Kisan Shakti Sangathan (MKSS) along with 80 other organisations in Rajasthan is making history. Rajiv Gandhi once said that only 30% of the government funds reach the ultimate beneficiary.  The government machinery in many states is seen as uncaring and unaccountable.  There are various reasons, mainly shortage of staff poor training, large-scale outsourcing and also insensitivity among a section of the employees and...

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