-The Hindu MGNREGA records manipulated; workers’ wages siphoned off from accounts Rankikalan (Jharkhand): At noon on Tuesday last, a dozen men gathered on the banks of the Auranga near Rankikalan village in Latehar district. As they performed the dashmirites, the wailing from the huts in the village continued. Bhuiatoli village had lost 23 men, women and children when the truck in which they were returning to the village after working on landlords’...

-The Hindu One of the most prominent features of India’s middle-class-driven public culture has been an obsession about our GDP growth rate, and a facile equation of that number with a sense of national achievement or impending arrival into affluence. In media headlines, political speeches, and everyday conversations, the GDP growth rate number — whether it is five per cent or eight per cent or whatever — has become a staple...

-Live Mint The International Monetary fund (IMF) has warned India against licensing corporate entities to step into the business of commercial banking, saying the risks associated with such a move potentially outweigh the benefits of creating more banks. IMF’s Financial System Stability Assessment Update said it would be prudent for India to first put in place and gain sufficient experience in implementing a comprehensive framework for the purpose before considering the entry...

-Live Mint Decline came as labour productivity grew 7.6%; wage growth remains far below pre-crisis levels globally  India’s real wages fell 1% between 2008 and 2011, while labour productivity grew 7.6% in the same period, International Labour Organization (ILO) data showed on Friday, indicating that the benefits of the country’s economic growth didn’t translate into better pay for workers in the aftermath of the global economic crisis. In contrast, China’s real wage growth...

-The Hindu Absolutely nothing wrong in funding the channels in a transparent way, says official Raipur: Raman Singh’s BJP government “has paid for favourable news stories” and “regular live coverage” to a host of national and local television channels, an English language newspaper reported. Furthermore, the senior editors of the channels concerned allegedly wrote to the public relations (PR) department of the Chhattisgarh government “negotiating” rates to produce “news stories” and to ensure...