-PTI N Chandrababu Naidu said access to electricity was a key socio-economic development indicator, but this was an area where there was still a significant gap in India. Vijayawada: Andhra Pradesh has become the second state in the country after Gujarat to achieve 100 per cent electrification of households, a latest report has said. JM Financials published the report based on a national-level survey on electrification in various states. Discussing this through a tele-conference with top officials...
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Labour's love's lost -TT Ram Mohan
-The Hindu The proposed labour reforms seek to weaken worker protection at a time when the Indian economy is not creating enough jobs, and the right kind of jobs. On September 2, 10 trade unions in India organised what was said to be one of the largest labour strikes in history. An estimated 120 million workers took part. The unions were protesting against the government’s unwillingness to grant a 12-point charter of...
More »Poor sanitation cost India 5.2% of its GDP -Sushmita Sengupta
-Down to Earth Lack of access to sanitation wiped off US $106.7 billion from India's GDP in 2015. It is almost half of the total global losses A report—True cost of sanitation—was published jointly by the LIXIL Group Corporation, Water Aid and Oxford Economics recently. Oxford Economics mainly works on economic forecasting and modelling. It says that in 2015 lack of access to sanitation cost the global economy around US $ 222.9...
More »The great GDP fudge -Jairam Ramesh
-The Indian Express Same data, opposite conclusions, Dr Subramanian? “I am puzzled by the new GDP growth numbers. This is mystifying because these numbers, especially the acceleration, are at odds with other features of the macro economy. Import of goods declined. typically growth booms are accompanied by surges in imports not declines… similarly, real gross capital formation declined”. This was the chief economic advisor (CEA) Arvind Subramanian in an interview to the...
More »Retaining MGNREGA's core -Brinda Karat
-The Hindu Held to account by the Supreme Court, the Central government is using opaque methods to change the key provisions of the employment guarantee scheme and make it targeted instead of universal. There is a pithy saying in Hindi that the elephant has two sets of teeth, one for show and the other to eat. This seems an apt description of the approach of the Narendra Modi government towards the implementation...
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