-The Telegraph The 2015-16 budget was presented to the Lok Sabha by the finance minister on February 28, 2015. The first half of the 2015 budget session of both Houses of Parliament has just ended. The highlight was the passing of a number of bills and the budget debate. The debate on the budget in the Rajya Sabha was a long one, lasting over 10 hours. Several speakers participated, drawn from...
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Small industry needs a better policy deal -Pradeep S Mehta
-The Hindu Business Line A flexible approach to collateral will improve access to bank funding. Red tapism too is a perennial concern If the Make in India campaign has to be successful and help many in our country, we need to focus on enabling small units to function and contribute. A major problem small and medium units face is that of finance. Banks and financial institutions are always very wary of assisting them...
More »Kolhapur jaggery turns bitter on shortage of labour, sugarcane -Rahul Wadke
-The Hindu Business Line Mumbai: Navi Mumbai-based 65-year-old homemaker Swati Bhatt has been unhappy with the way she has been cooking puran poli (sweet flat bread) over the last one year. The reason: Kolhapuri jaggery, an essential ingredient in the dish, is in short-supply in the market. Jaggery from other States, or for that matter palm jaggery, does not lend the original taste to the Maharashtrian delicacy. This variety of jaggery is made...
More »Rise in global inequality
-The Hindu The findings from the latest International Labour Organisation report on real wages point to a mix of proactive initiatives and policy paralysis in different contexts. The study notes that continuing deceleration in the growth of global real wages and discriminatory pay gaps based on gender and nationality could sharpen household income inequalities. A most striking finding is that labour productivity growth outstripped increases in real wage between 1999 and...
More »Where the frontline is key to the bottomline -Lant Pritchett and Yamini Aiyar
-The Indian Express Prime Minister Narendra Modi has repeatedly promised India "maximum governance". But to get there, the high costs and ineffectiveness of frontline service providers need to be addressed. Take elementary school teachers, for instance. "Complete rest in comfortable conditions" is the description a rather candid elementary education cluster resource centre coordinator (CRCC) in Bihar gave his own job. And it's not just him, it is also how the CRCC describes...
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