Growth in rural wages not only indicates economic prosperity of the masses, it is also considered important so as to generate effective demand for goods and services, which is produced by various sectors of the economy. When money becomes available in the hands of rural workers due to government spending on programmes such as Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), it generates demand for commodities. The production of commodities...
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CPI(M) promises unemployment dole -Sobhana K Nair
-The Hindu Manifesto includes repealing AFSPA. Targeting the Narendra Modi government for a 45-year high in unemployment figures, the Communist Party of India (Marxist) (CPI-M) in its manifesto, released on Thursday in Delhi, said the “right to work” should be enshrined in the Constitution and there should be a provision of allowance for those without jobs. The party’s campaign song too captures the party’s accusation with lyrics that say “Aab ki baar, Modi...
More »Exercise in manipulation -CP Chandrasekhar
-Frontline.in The political economy of the Modi regime was characterised by a redistribution of income in favour of a few and a worsened performance in job creation, welfare and alleviating deprivation. AT the end of its five-year term, the National Democratic Alliance (NDA) government’s claim that the Indian economy has experienced rapid growth during its tenure sounds shallow. The gross domestic product (GDP) numbers, many observers argue, are wrong and possibly fabricated....
More »There is a way to deliver a minimum income guarantee -- but Congress hasn't found it -Jayati Ghosh
-The Indian Express Instead of embarking on a massive administrative exercise with uncertain benefits, it is possible to think of another combination of public interventions that would actually ensure minimum income to a much larger proportion of the population. The Congress party’s recent declaration that, if voted to power, it will seek to ensure a minimum income to 20 per cent of the poorest households in the country, is laudable in...
More »The problem is jobs, not wages -Praveen Chakravarty
-The Hindu There is obfuscation over both the existence of a jobs crisis and the diagnosis of it It is well established that India is staring at a massive jobs crisis. Every single survey points to jobs as the biggest issue concerning voters, especially the youth. Yet, the Prime Minister and the government steadfastly refuse to even acknowledge this issue, let alone address it. India’s jobs crisis is an economic issue, not a...
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