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Scheduled Castes among worst sufferers of India's job problem -Sukhdeo ThoRAT

-Hindustan Times Social discrimination and socio­economic realities add to disadvantages faced by Scheduled Castes (SCs) in the labour market. Although we do not have employment trends from National Sample Survey Office (NSSO) after 2011-12, anecdotal evidence suggests that India’s job challenge might have worsened in this period. The slow pace of job creation inflicts greater suffering on the workforce in an economy. This suffering however is not the same for all...

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In Delhi, cancellation of 2.5 lakh RATion cards sparks tussle between AAP government, bureaucracy -Vijayta Lalwani

-Scroll.in Questions arise again over Delhi’s welfare delivery system – close on the heels of the starvation deaths of three girls in July. In May, Ram Baran, a resident of Savitri Nagar in Delhi, received a letter from the RATion circle office stating that his RATion card would be cancelled because he had not collected foodgrains between January and March. The letter added that unless he submitted his Aadhaar number, electricity...

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Petrol, diesel prices at highest-ever levels on rupee woes

-PTI New Delhi: Petrol and diesel prices in the country touched their highest levels Monday mainly due to dramatic fall in rupee and a sharp rise in crude oil RATes. Petrol price in Delhi rose to a record Rs 79.15 a litre and diesel climbed to a fresh high of Rs 71.15, according to price notification of state-owned fuel retailers. This follows ?a 31 paise/litre hike in prices on Monday. RATes have breached...

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Consumption-driven GDP growth unhealthy for Indian economy -Manas Chakravarty

-Livemint.com A consumption-driven growth not only fuels inflation, but also can arguably lead to a slackening of future growth Economic growth of 8.2% for the June quarter may have beaten all estimates, but the big question is: what kind of growth is it? Is the economy firing on all the engines of domestic consumption, investment demand and external demand? Let’s look at the numbers. The anecdotal evidence of a spurt in consumption growth...

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Cash still the king. Cash savings highest in a decade -Gayatri Nayak

-The Economic Times Demonetisation seems to have had no impact on cash savings by the Indian household, Savings are again going out of the banking system with share of savings in form of cash touching decade high and that of deposits touching decade lows. While currency in circulation is at Rs 19.38 lakh crore is much higher than pre-demonetisation levels, household savings in form of cash and currency has surged to...

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