Only 400,000 jobs a year were generated during UPA-1, compared with 12 million annually during the NDA’s tenure Key economic data released by the government on Friday shows that the first stint of the Congress-led United Progressive Alliance (UPA) generated a mere 400,000 jobs a year, compared with 12 million jobs annually during the tenure of the Bharatiya Janata Party (BJP)-led coalition, the National Democratic Alliance (NDA). During the period 2004-05 to...

The West Bengal govt's role as a non-market intermediary in an essentially private land transaction is questionable The West Bengal government has passed a new legislation that transfers the land back to those who refused to accept the compensation that they were offered during the acquisition of their lands for the Tata Nano factory. The Tata group has promptly gone to court claiming that this is an unconstitutional Act. Surely one...

-The Economic Times   Over half the country's workforce is self-employed and women receive less pay than men for similar jobs, latest government data shows. While 51% of the country's total workforce are self-employed, only 15.5% are regular wagers or salaried employees and 33.5% casual labourers, according to a survey by the National Sample Survey Office (NSSO), the key findings of which were released on Friday. The number of people selfemployed...

-The Economic Times Reports say that land acquisition for the proposed mega plant of Korean steel major Posco, off Paradip in coastal Orissa, has come to a grinding halt following incessant protests by men, women and children in the affected villages in the area, especially Dhinkia and Govindpur. It is now glaringly evident that a sorry lack of vision in garnering land for project implementation is stalling industry, new jobs and...

Orissa is all set to renew its memorandum of understanding (MoU) with steel major Posco with a one-year retrospective effect by June 30th. The MoU for the proposed 12 million ton steel plant had expired on June 22, 2010 after a period of five years. State steel and mines minister Raghunath Mohanty said all formalities required for renewal of the MoU will be over shortly and the government would revalidate...