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Havoc unleashed by demonetisation evident to everyone now, says former PM Manmohan Singh

-ThePrint.in In a statement issued on the second anniversary of demonetisation, former PM Manmohan Singh urged against ‘unorthodox, short-term economic measures’. Today marks the second anniversary of the ill-fated and ill-thought demonetisation exercise that the Narendra Modi government undertook in 2016. The havoc that it unleashed on the Indian economy and society is now evident to everyone. Notebandi impacted every single person, regardless of age, gender, religion, occupation or creed. It is often...

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GDP and jobs not good at tango -Basant Kumar Mohanty

-The Telegraph Higher GDP growth rate has often been accompanied by slowing Job Growth, an Azim Premji University report says New Delhi: Job creation has not only failed to keep pace with the country’s GDP growth over the decades, a higher GDP growth rate has often been accompanied by a slowing Job Growth, a recent report says. The State of Working India 2018, a report by the Azim Premji University, would come as...

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Support for lives on the move -Arun Kumar & M Suresh Babu

-The Hindu A national policy for internal migration is needed to improve earnings and enable an exit from poverty Though migration is expected to enhance consumption and lift families out of absolute poverty at the origin, it is not free from distress — distress due to unemployment or underemployment in agriculture, natural calamities, and input/output market imperfections. Internal migration can be driven by push and/or pull factors. In India, over the recent...

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Is "Formalisation" possible? -CP Chandrasekhar and Jayati Ghosh

-Networkideas.org In recent times, the clamour for formalising economic activity, or shrinking its unorganised component and expanding the organised, has been heard from diverse sources. There are those who want formalisation to occur because the unorganised sector is seen as being largely outside the direct and indirect tax net, depriving the government of much needed resources. Hence, for example, one feature seen as favouring the Goods and Services Tax regime is...

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Not enough jobs, private investments missing: What's wrong with the world's fastest growing economy? -Dinesh Unnikrishnan

-Firstpost.com A report from rating agency CARE, released early this week, revealed that India's employment scenario is not looking good. It said Job Growth in corporate India moderated to 3.8 percent in fiscal year 2018, from 4.2 percent in the previous fiscal and the problem is most severe with smaller companies.     The report, based on an analysis of over 1,600 corporates, said smaller companies with net sales of less than Rs...

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