-Firstpost.com Development economist Jean Dreze has been vociferous critic of the Narendra Modi government's demonetisation of Rs 500 and Rs 1,000 notes a year back. He had famously warned that "demonetisation in a booming economy is like shooting at the tyres of a racing car". A year on, it seems his caution has come true. In the first quarter of the current financial year, the GDP growth slowed to a three-year...
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'Workers get more pay, fewer days off in Delhi than Mumbai' -Sidhartha
-The Times of India Working in Delhi is more remunerative than Mumbai but you may have to do with fewer days off than in the country's financial capital. But if you are an employer, you may prefer to be in Mumbai, not because of lower wages, but due to value added by workers being higher than the wage. The World Bank's Ease of Doing Business report released on Tuesday shows that a...
More »An unequal passage -Jasmine Shah
-The Indian Express Delhi metro’s fare increase prices out the poor. Those arguing against offering subsidies ignore the multiplier effect of an affordable mass transit system. The most enduring image I have of the Delhi metro is that of a shared ride with a construction worker. His shoes and clothes, turned a uniform grey by dirt, told the story of a hard day’s work spent on a construction site. A comfortable ride...
More »Jharkhand's MGNREGA Workers Need a Lot More Than Political Slogans -Siraj Dutta
-TheWire.in Despite widespread violations of workers’ entitlements, the BJP government as well as the opposition have shown nothing but apathy. The BJP-led Jharkhand government has coined a new slogan, “Har haath ko kaam (Give every hand work)” to show its commitment on providing employment to people of the state. The slogan assumes special significance for Jharkhand, where the ratio of working age population migrating to other states was the highest in the...
More »From 'Job-less' to 'Job-loss' Economy: What is PM Modi Doing -Savera
-Newsclick.in The falling work participation rate shows that the economy is in deep crisis. Various other economic indicators show this as well. In a stark and chilling confirmation of what the whole country has known for some time, a govt. report shows that Indian workforce (those actually working) declined from about 54% of the working age population in 2011-12 to 51% in 2015-16. While the working age population increased by 2.9% per...
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