More than two years have passed and there seems to be no progress worth speaking about in making the promised law that will guarantee food for the people. The promise came from the UPA-2 as part of its election manifesto in 2009. It was a time of recovery from a time of economic troubles. The impact of the global economic slowdown came on top of the agrarian crisis and the...
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Media houses stall Wage Board recommendations by Bala Murali Krishna
-The Hoot Scores of journalists and non-journalists, governed by the respective statutory Wage Boards, are up in arms against the alleged ‘malicious campaign’ unleashed through the Indian Newspapers Society (INS) by a few Media Houses opposing the recommendations of the latest Justice G.R.Majithia Wage Board constituted by the Centre. They are awaiting with bated breath the verdict of the Supreme Court bench that had, on July 18, 2011, informally directed the...
More »ADB warns of bumpy road into 'Asian century'
-AFP Asia could be as wealthy as Europe by mid-century, but only if it tackles key challenges from inequality and corruption to climate change, an Asian Development Bank study said Tuesday. On current trends, Asia will make up half the world's economic output by 2050, and another three billion people will have joined the ranks of the affluent, their incomes matching those of Europe today, said the report. But the ADB study...
More »'Reforms failed to bridge urban-rural divide' by Ravi Dayal
Experts at a discussion on "Two decades of economic reforms: The way forward", organized by CII, Bihar state centre, said the economic reforms had not lessened the urban-rural divide; hence rural people could not generate substantial demand in the economy, though the savings rate enhanced in the last two decades. Director, Asian Development Research Institute, P P Ghosh, said the savings rate had increased from 12% in 1951 to 35%...
More »Post-World War II, rural US started disappearing: Population Reference Bureau
-AP Rural America now accounts for just 16 percent of the U.S. population, the lowest ever. The latest 2010 census numbers hint at an emerging America where, by mid-century, city boundaries become indistinct and rural areas grow ever less relevant. Many communities could shrink to virtual ghost towns as they shutter businesses and close down schools, demographers say. More metro areas are booming into sprawling megalopolises. Barring fresh investment that could...
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