The robust 9 per cent –plus growth in South Asia till 2010, driven largely by India, where it came down to around 7 per cent in 2011-12, had one major qualifier: it was mostly associated with a rapid rise in labour productivity rather than an expansion in employment, according to the latest report Global Employment Trends from International Labour Office. Up until the end of the millennium, that is just a...

-The Times of India Karnataka, reeling under severe drought, has received a body blow: the Centre has withheld its next instalment of grant to a rural job scheme citing five shortcomings in its implementation in the state. "The release of the next instalment of the central share (for the Mahatma Gandhi National Rural Employment Guarantee Scheme) to the state depends very crucially on how it is able to spend the funds...

That this is the first time a compulsory licence has been granted in India is in itself important. INDIA'S long struggle to ensure access to affordable medicines for its people recently took a positive and interesting turn. In early March, just before he demitted office, Controller General of Patents P.H. Kurian passed an order on an application filed by Natco Pharma, headquartered in Hyderabad, requesting a licence to produce an anti-cancer...

-The Economic Times   Decontrol of urea is likely to affect agricultural production adversely for several reasons. First, it will immediately push up prices of all nitrogenous fertilisers and reduce their usage, thereby lowering crop yields.  Second, it may also lead to increase in the prices of DAP and other mixed fertilisers due to shift in demand in their favour. Urea decontrol may not result in more balanced use of N, P and...

-Economic and Political Weekly   Budget 2012, built yet again at the altar of fiscal fundamentalism, will not convince anybody. In this era of immediate assessment it took just a few minutes for the Union Budget for 2012-13 to be given one or the other negative appellation – “lacklustre”, “anti-growth”, “back to the 1980s”, “without reform” and the like. Such evaluations forget that union budgets have long since ceased to be statements of...