-Live Mint Decline came as labour productivity grew 7.6%; wage growth remains far below pre-crisis levels globally India’s real wages fell 1% between 2008 and 2011, while labour productivity grew 7.6% in the same period, International Labour Organization (ILO) data showed on Friday, indicating that the benefits of the country’s economic growth didn’t translate into better pay for workers in the aftermath of the global economic crisis. In contrast, China’s real wage growth...
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Rural India in poverty, Jairam Ramesh blames private health sector
-The Indian Express Lamenting the virtual collapse of public health system in major parts of the country, Union Minister Jairam Ramesh today said rural families are falling into debt trap due to expensive private health sector. In large parts of the country, particularly in central and eastern India and in tribal belts, he said public health system is "not abysmal but has collapsed". "Indebtedness caused by private health sector is one of the...
More »FDI in retail: To empower dalits, do away with India’s antiquated retail trading system-Chandra Bhan Prasad and Milind Kamble
-The Economic Times A couple of months ago, the UPA government cleared Foreign Direct Investment (FDI) in retail. It is a politically risky step. But for once, Prime Minister Manmohan Singh showed both spine and spunk biting the bullet. Since then, both Left parties and the BJP have expressed serious reservations over the decision. The general view is that it will affect the lakhs of small, indigenous kirana stores spread across...
More »All to the sweat shop-Bhavdeep Kang
-Tehelka Here are the gaping holes in the argument for FDI in retail. No smooth talk can pave over it TOUTED AS a cure-all for India’s economic ills, Foreign Direct Investment (FDI) in multi-brand retail is at best an anodyne, and at worst, toxic. It is an attempt to lift markets by fabricating sentiment; signalling an economic turnaround without any concrete steps being taken to trim the fiscal deficit or boost manufacturing. All...
More »Gloves off as House debates retail FDI
-The Hindustan Times The much-anticipated two-day debate on the government’s decision to allow FDI in multi-brand retail got off to a spirited start in the Lok Sabha on Tuesday, with both the Opposition and the Congress fiercely defending their stands. But, the Samajwadi Party (SP) and the Bahujan Samaj Party (BSP) had the government on tenterhooks a day ahead of the vote on a resolution opposing the FDI move. Even as...
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