-Down to Earth BJP thinks undoing labour laws will spur a manufacturing boom. Even now workers enjoy little protection or social security In recent weeks, the pink press has been singing paeans to a new star in the political firmament, one whom they see as a worthy disciple of the man who gave us the "Gujarat model" of development. The media's new discovery is none other than Vasundhara Raje, the Rajasthan...
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The barefoot government -Bunker Roy
-The Indian Express A government shorn of Western educated ministers could change the status quo. Since 1947, Indians have not spoken out so strongly and clearly for a completely new brand of people running government. Mercifully, there are no ministers educated abroad. Thankfully, none of them has been brainwashed at Harvard, Stanford, Cambridge, the World Bank or the IMF, subtly forcing expensive Western solutions on typically Indian problems at the cost of...
More »Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar
-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
More »NREGA spiked rural wages only 10%, rest is from MSPs: Rajan
-PTI Reserve Bank Governor Raghuram Rajan has dismissed the notion that the rural employment guarantee programme is behind the massive spurt in wages in rural areas. "On the NREGA (National Rural Employment Guarantee Act), there is clearly a lot of sense that this has increased rural wages tremendously. I would argue that clean, trustworthy studies say that the effect was may be 10 per cent," Rajan told an audience here last week. It...
More »MGNREGA wages should not be less than minimum wage of a state: expert panel -Jitendra
-Down to Earth Panel headed by economists S Mahendra Dev also recommends linking wages to Consumer Price Index-Rural as cushion against inflation A committee of experts set up by the Union rural development ministry has recommended that the wages paid to unskilled agricultural labourers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) should be the minimum wage fixed by the respective state or the current wage as per the consumer...
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