India's economic growth has added over seven million new jobs every year for almost a quarter of a century. Workers have seen their wages - adjusted for prices - rise by nearly 3% a year. Poverty rates among wage workers and the self-employed have fallen. Going forward, with swelling numbers of new entrants - and more women entering the job market , as was the case during east Asia's rapid...
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Higher spending on education is not improving dismal outcomes
-The Economic Times India came 72nd of 73 nations in the Programme for International Student Assessment (PISA) competition, despite fielding students from its best states, Himachal Pradesh and Tamil Nadu. The dismal quality of Indian education is confirmed by the latest Annual Status of Education Report (ASER). Throwing money (Sarva Shiksha Abhiyan) and legislation (Right to Education Act) at education has produced no quality gains at all. Abhiyan spending is up from...
More »Sitting on a land pile, government plans policy for sale, lease by Vikas Dhoot
The government, the largest owner of landed property in the country, is preparing a comprehensive land sale policy to raise revenues and check corruption in government-owned property deals. The finance ministry will shortly move a cabinet note for bringing in a new uniform policy on 'land alienation' by government agencies, with an eye on removing discretionary powers of individual ministers and bureaucrats, said a government official. In big cities, large tracts...
More »NAC draws up plan for shelters for over 3 lakh urban homeless by Nitin Sethi
The Sonia Gandhi-led National Advisory Council has recommended a Rs 4,250 crore programme to provide shelters and other amenities to homeless in Class 1 cities in the country. The council has suggested the National Programme for Shelters and Other Services for Urban Homeless to set up 6,800 permanent shelters for around 3 lakh homeless - 15% of the estimated population of people living in the open across urban India. The council, moving...
More »States can grow 1% for every 10% new Internet connections
-PTI Economies of Indian states can grow 1.08% faster with every 10% increase in Internet and broadband connections, says a study released today by Indian Council for Research on International Economic Relations (ICRIER). Consequently, for every 10% increase in Internet and broadband penetration, India could potentially add $17 billion to the Gross Domestic Product (GDP), the report said. "Our first major finding is the existence of a positive and significant coefficient on Internet....
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