-MoneyControl.com A continued property market slowdown and a vegetable glut may have pushed landless labourers back to villages, seeking daily jobs and depressing wage growth India’s gross domestic product (GDP) growth looks set to cruise along the 7-7.5 percent trail, partly aided by steady farm incomes and record harvests on the back of plentiful summer rains over the last three years. But it may still be early to open the bubbly yet. The...
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Indian wage disparities worry UN body
-The Telegraph New Delhi: India's state governments often set their minimum wages lower than the recommended national minimum wage, decided by the Union labour ministry, a report by the International Labour Organisation has said. It has added that the minimum wages often show large inter-state variations, unrelated to the cost of living, for the same kind of job. This is because the Minimum Wages Act of 1948 does not say on what...
More »Delhi Metro is second-most unaffordable in the world, shows study
-Scroll.in The Centre for Science and Environment found that after last year’s fare revision, an average commuter spends 14% of their household income on metro travel. Of nine metropolitan cities across the world that have operational metro systems that charge less than half-a-US dollar for a 10-km trip, the Delhi Metro is the second most costly,The Times of India quoted a study by the Centre for Science and Environment as saying....
More »Pronab Sen, former Chief Statistician of India, interviewed by TCA Sharad Raghavan
-The Hindu The former Chief Statistician on calculating GDP back series, on indicators of development, and the fall of the rupee The draft of the back series GDP data, which was made public by the government recently, is unlikely to change drastically even if other methods of calculation are used, says former Chief Statistician of India, Pronab Sen. The noted economist discusses GDP, employment and poverty data; the value of the rupee;...
More »Why the NSSO Employment Surveys Shouldn't Have Been Done Away With -Sona Mitra
-TheWire.in The new periodic labour force surveys, while welcome, will create a situation where there would be no data system to compare the present with the past. In a recent interview, Prime Minister Narendra Modi apparently said, “more than a lack of jobs, the issue is a lack of data on jobs”. For those of us who have been using the National Sample Survey Organisation (NSSO) data on employment and unemployment for...
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