-TheWire.in More than 550 jobs were lost each day in the last four years in India, placing it behind Bangladesh and Vietnam in terms of job creation. The sheer pressure of poverty means that job creation will always be high on the agenda of any government. In India, significant public resources have been invested to encash the demographic dividend and prevent it from becoming a burden. But the results have been far...
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There is a human cost of development projects, says new report
The term 'development' holds a positive connotation for most policymakers. However, there are examples abound, which indicates that development also cause enormous misery to the people, particularly the poor and the marginalized. Take for instance, the organizing of 2010 Commonwealth Games, due to which massive infrastructural development in the national capital was undertaken when Sheila Dikshit was the Chief Minister of Delhi. It has been estimated that almost 2 lakh...
More »SC refuses to stay demonetisation proceedings in other courts -Krishnadas Rajagopal
-The Hindu The Supreme Court on Wednesday has refused to stay proceedings in cases fiLED in other High Courts and lower courts against the demonetisation of Rs. 500 and Rs. 1000 notes. A bench LED by Chief Justice of India TS Thakur said the petitions in the various courts highlight "the different inconveniences highlighted in the various cases fiLED across the country, maybe some relief can be had by these people". Earlier, the...
More »Industries opt for lock down, cut work hours to tide over slump caused by demonetisation -Aakash Ahuja
-The Times of India RUDRAPUR: Many of the over 700 factories in the industrial belt of Udham Singh Nagar have either slowed down production or opted for a short-term lock down due to problems in transport of goods and a dip in demand. Demonetisation of currency notes of Rs 500 and Rs 1,000 has hit not just small industrial units but also giants like Parle and Britannia, many of which have...
More »After distress sale, fish vanish from markets
-The Times of India KOLKATA: If you faiLED to find your favourite fish in the market on Wednesday, blame it on the confusion over currency demonetization. With money starting to trickle in, the scenario in the market has changed overnight. If the cash crunch LED to a drastic fall in price of fish and vegetables in the last few days, perishable items disappeared all of a sudden on Wednesday. A few...
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