The $12 billion Posco investment in India was supposed to be the biggest FDI project in the country. After six years that still remains on paper Horangineun jugeumyeon gajugeul namgigo, Sarameun jugeumyun ireumeul namginda (When tigers die, they leave behind leather. When people die, they leave their names behind) —Old Korean Proverb The news flash from Press Trust of India came on July 10, 2011. Posco, the $32 billion South Korean steel giant had decided to...
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UPA Govt's NREGA back on table for removing flaws by Devika Banerji
New rural development minister Jairam Ramesh is working to overhaul the United Progressive Alliance's six-year old flagship rural jobs programme to rid it of all 'manmade' flaws and make the job entitlement more demand driven. The Mahatma GandhiNational Rural Employment Guarantee Act (MGNERGA), which costs the government Rs 40,000 crore a year - the largest spend on any social welfare scheme - played a key role in catapulting theUPA government...
More »'Only 25% families got job under MGNREGS in UP' by Arvind Singh Bisht
The mid-term appraisal of the rural development programmes during the ongoing 11th Five-Year Plan points out several holes in the implementation of the Mahatma Gandhi National Rural Employment Guarantee Scheme in Uttar Pradesh. This not only reaffirms the public perception of poor performance of UP, but also sets aside the defence put up against scathing criticism of her government by chief minister Mayawati time and again. The development has come...
More »Over half of India's workforce self-employed: NSSO
-The Economic Times Over half the country's workforce is self-employed and women receive less pay than men for similar jobs, latest government data shows. While 51% of the country's total workforce are self-employed, only 15.5% are regular wagers or salaried employees and 33.5% casual labourers, according to a survey by the National Sample Survey Office (NSSO), the key findings of which were released on Friday. The number of people selfemployed...
More »UPA’s legacy: jobless growth by Anil Padmanabhan
Only 400,000 jobs a year were generated during UPA-1, compared with 12 million annually during the NDA’s tenure Key economic data released by the government on Friday shows that the first stint of the Congress-led United Progressive Alliance (UPA) generated a mere 400,000 jobs a year, compared with 12 million jobs annually during the tenure of the Bharatiya Janata Party (BJP)-led coalition, the National Democratic Alliance (NDA). During the period 2004-05 to...
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