-The Telegraph New Delhi: The Centre has slammed 12 states, including Bengal and Bihar, for not taking any steps yet to comply with a Supreme Court directive on compensating workers for delayed wages under the national job guarantee scheme. In a letter this week, the rural development ministry said this was "not an acceptable situation". The letter written by Aparajita Sarangi, the joint secretary handling the MGNREGA scheme, said 20 states had started...
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Job growth at a snail’s pace -Santosh Mehrotra
-The Hindu For jobs to grow, consumer demand has to improve consistently. This can only happen with an industrial policy, which India has not had since 1991 There will be no demographic dividend without growth in industrial and service sector jobs. The underlying logic behind a dividend is that as jobs grow, incomes rise and so do savings. Based on higher savings, the investment rate to GDP grows, resulting in faster GDP...
More »Arvind Subramanian, Chief economic advisor, speaks to Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana
-Business Standard Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy with Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana. Edited excerpts: * In the mid-year economic analysis, you talked of revisiting the fiscal numbers for 2016-17. Is it a view of the chief economic advisor (CEA) or that of the government? I see my role as a member of the government. I...
More »Expanding social protection offers a faster track to ending hunger
-Food and Agriculture Organization (FAO) Programmes proliferate but vast majority of rural poor remain uncovered by social protection Rome: Social protection is emerging as a critical tool in the drive to eradicate hunger, yet the vast majority of the world's rural poor are yet to be covered. The State of Food and Agriculture 2015 published by FAO today finds that in poor countries, social protection schemes - such as cash transfers, school feeding...
More »Rethinking reservations and ‘development’ -Indira Hirway
-The Hindu Across the country, unless adequate jobs are created for the large labour force, the frustration of the youth is not likely to be contained. In Gujarat, the Patels or Patidars, who constitute about 15 per cent of the State’s population, are an economically and politically dominant upper caste. As successful farmers, as small and big industrialists, as traders as well as non-resident Gujaratis, spread practically all over the world, they...
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