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Q1 GDP: Trade, hotel and transport segment clocks 34.3% growth in Q1 -Shreeja Singh

-Moneycontrol.com The sector entered the positive terrain after declining for four quarters in 2020-21. Trade, hotel, transport, communication and services related to broadcasting reported a growth in the first quarter of FY22 as per the data released by National Statistical Office (NSO).  Trade, hotel, transport, communication & services related to broadcasting clocked a growth of 34.3 percent in the April-June quarter. Please click here to read more.  Kindly click here to access the press note...

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What’s behind the ‘improvement’ in employment situation in labour force survey report -PC Mohanan

-ThePrint.in The improved employment scenario as per PLFS 2019-20 is restricted to women and is due to the increased percentage of rural women in the unpaid family worker category. The National Statistical Office (NSO) has recently released the third annual report of the Periodic Labour Force Survey (PLFS) for the year 2019-20 and also the quarterly estimates for urban areas based on the panel survey of urban households till June 2020. At...

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Coal auctions: Modi govt's policy push to private miners will cost Chhattisgarh Rs 900 crore a year -Shreegireesh Jalihal & Tapasya

-Newslaundry.com The government has sold coal blocks for far cheaper prices than they fetched five years ago. In 2015, the Narendra Modi government auctioned two coal blocks in Chhattisgarh. Gare Palma IV/1 fetched a bid of Rs 1,585 per tonne while Gare Palma IV/7 was auctioned for Rs 2,619. The bid for the first block was too low, the government claimed amid allegations of cartelisation, and cancelled it. In case of the...

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Why Tamil Nadu’s welfare politics can’t be called ‘freebies’ -Bethanavel Kuppusamy and Dharanidharan Sivagnanaselvam

-TheNewsMinute.com One highly criticised Tamil Nadu government scheme was giving colour TV sets to households. While it was derided as a ‘freebie’, research has proved otherwise, write Dharanidharan Sivagnanaselvam and Bethanavel Kuppusamy. In a stratified society such as India trickle down economics do not work. Even in a society such as the US, which has a much lower stratification compared to India, trickle down economics has not worked well. Historically, India has...

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Modinomics’ Legacy ― Labour Traffic Now Flows From Factories to Farms -MK Venu

-TheWire.in The ‘vikas’ train has begun to chug the wrong way, as it were. A worrisome aspect of the Indian economy is reflected in the share of employment in agriculture dramatically rising from 42.5% of the total employed in 2018-19 to 45.6% in 2019-20. This may signify an unusually large movement of labour from industry or services sectors to agriculture. The total number of persons employed in India varies between 400 million and...

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