-The Hindu The pursuit of full employment of labour cannot primarily rely on domestic private investment, much less FDI. Only public investment will steady us in the long run. We are increasingly told that the inflow of capital — particularly the foreign direct investment (FDI) variety — increases employment levels and contributes to economic growth. In a rare interview given to The Wall Street Journal in May, Prime Minister Narendra Modi reinforced...
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Amma Canteens eating into civic body funds: CAG -Aloysius Xavier Lopez
-The Hindu Report lauds scheme but finds fault with the government for not identifying deserving beneficiaries in each area Chennai: The deficit in local bodies such as Chennai Corporation was widening owing to the increase in expenditure on Amma Canteens. According to the report of the Comptroller and Auditor General of India on local bodies for the year ended March 31, 2015, the expenditure on Amma Canteens in 2014-2015 crossed Rs.100 crore in...
More »Retail inflation might not fall much in kharif season -Sanjeeb Mukherjee & Indivjal Dhasmana
-Business Standard Recent trends indicate any such moderation would not be across the board or without riders: Experts New Delhi: Contrary to some perceptions, consumer price index (CPI)-based inflation might not ease sharply after kharif crops arrive in the markets. On the other hand, wholesale price index (WPI)-based inflation could see a rise, due to an increase in prices of commodities and metals. CPI inflation rose to 6.07 per cent in July, highest since...
More »Women are the engines of the Indian economy but our contribution is ignored -Jayati Ghosh
-TheGuardian.com Hardworking women in India care for family members, cook, clean, garden, sew and farm without getting paid. When will official statistics recognise this? Women’s participation in work is an indicator of their status in a society. Paid work offers more opportunities for women’s agency, mobility and empowerment, and it usually leads to greater social recognition of the work that women do, whether paid or unpaid. Where women’s work participation rates are relatively...
More »How to combat food price rise before its too late -Lekha Chakraborty and Pinaki Chakraborty
-The Financial Express Persistence of high food inflation can harden the monetary policy stance and make fiscal choices difficult Food inflation increased to 7.9% in May 2016 as against 4.23% in April. This sudden spurt in food inflation is attributed to vegetable prices, followed by pulses and sugar. Is this a short-term spike or will it be a persistent one? If it is going to be a persistent one with pass-through effects,...
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