-Live Mint CCEA clears recommendations on sugar sector made by Rangarajan panel; subsidy burden to rise Pushing ahead with long-pending reforms of the sugar industry, the cabinet on Thursday approved the dismantling of rules requiring sugar mills to sell the sweetener at below-market prices through the public distribution system (PDS) and abolished curbs on open market sale. The cabinet committee on economic affairs cleared the recommendations made by a panel headed by C....

-The Times of India CHENNAI: Chief minister J Jayalalithaa on Friday declared that all districts of Tamil Nadu, except Chennai, were drought-hit. After a disastrous monsoon and with Karnataka proving intractable on release of Cauvery water, experts said the CM's statement appeared calculated to buttress the state's case in court for immediate relief. But Jayalalithaa injected the declaration with a sense of urgency, saying finance minister O Paneerselvam would lead a high-level team...

-The Times of India The Centre has set up an expert committee to determine the poverty mark to identify beneficiaries of rural development ministry's programmes. The committee, to be headed by Planning Commission member Abhijit Sen, will examine the figures of the socio-economic caste survey to decide who is below the poverty line in terms of deserving the rural welfare schemes focused on poor like Indira Awas Yojana, old-age pension and national...

-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...

-Live Mint Flexible labour laws in India cannot solve the problem of weak job growth and the poor quality of employment  The theme of the World Bank’s World Development Report this year is, appropriately enough, jobs. The report recognizes that creating jobs is the surest way of reducing inequality and poverty, particularly in the developing world. But the cliché it offers as a solution is disappointing: relax labour laws. The bank has...