Although India is a labour-surplus economy – with an unlimited number of workers willing to work at a subsistence wage – a paradoxical feature of the labour market is the rising incidence of scarcity or shortages amid a situation of potential plenty. No doubt, this pertains to skilled labour. But when 15 per cent of Indian trucks are idle owing to a shortage of drivers or India Inc is worried...

-The Hindu   Consumer Protection Act exists since 1986 In the 25th year of enactment of the Consumer Protection Act (COPRA), 1986, in the country, a majority of the population in Rajasthan has not even heard about the law, not to speak of making use of its provisions to protect their rights as consumers. A recent field research survey indicated that 63 per cent of the people in the State have not heard of...

Pawar announces mega plans for mechanisation in 12th Plan Faced with farm labour shortage following the introduction of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), Agriculture Minister Sharad Pawar on Wednesday announced mega plans for mechanisation in the 12th Five-Year Plan. “With the successful implementation of the MGNREGS and other anti-poverty programmes, there is now pressure on the availability of farm labour,” Mr. Pawar told senior journalists at the Economic...

-The Hindu   Noted Jaipur-based economist V. S. Vyas has expressed concern over “progressive diminution” of cultivated holdings which he says has led to stagnation in the yield of major crops and rendered agricultural income insufficient for farmers to make ends meet. A sharp decline was also being witnessed in per capita food production, he said. Delivering the Tarlok Singh Memorial Lecture at the University of Hyderabad over the weekend, Professor Vyas said...

-Live Mint   The poor remain poor because they lack resources. And the formal finance sector does not want to lend them because they are too poor, costs are high and they hardly have anything to offer as collateral. That is, they are trapped in the vicious circle of poverty. This was so until the arrival of microfinance—successfully demonstrated by the Bangladesh model that the poor are “good” borrowers. It was held...