Promises are made to be broken. In its 2014 Lok Sabha election manifesto, the Bharatiya Janata Party (BJP) made the promise that if it is elected to the Centre, it will then accord a high priority to job creation and opportunities for entrepreneurship, among other things. But latest data on unemployment shared by the BJP MP Shri Bandaru Dattatreya in written form while replying to an unstarred question in the...
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Only 0.5% jobs added in 8 key non-farm sectors from April to September last year -Subodh Varma
-The Times of India Just over one lakh jobs were added between April 1 and October 1 last year in eight key non-farm sectors of the economy ranging from manufacturing and construction to IT/BPO, education and health, according to a recent government report. Is this good or bad? Considering that these eight sectors together employ over two crore workers, the net addition of new jobs amounts to a mere half a per...
More »Tamil Nadu: Lion's share of bank loans against gold, villages fall prey to loan sharks -Arun Janardhanan
-The Indian Express Census data of 2011 shows a 17.74 per cent increase in worker population since 2001, indicating a crucial shift from farms as productivity fell. Thiruvarur: B CHANDIRAN is the only male member below the age of 50 in Dalit-dominated Oradiymbalam Jeeva Nagar village in Nagapattinam district. Hunted by loan sharks, the other men in this village of over 60 families have left, and are now doing menial jobs...
More »MGNREGA lesson for universal basic income: Once introduced, there's no going back -Aurodeep Nandi
-The Financial Express The one irrefutable lesson from MGNREGA, is that once introduced, there will be no going back India is one of the most unequal countries in the world. In terms of Gini coefficient, i.e., measure of income inequity, India ranks a dismal 135 out of 187 countries. This means that most of the prosperity that an increasingly economically liberalised India is seeing, belongs primarily to the top-income percentiles. One in...
More »Hit by note ban, Bundelkhand's sons come home to more misery -AM Jigeesh
-The Hindu Business Line They rue voting for BJP in the 2014 LS polls, and swear by Mayawati’s BSP now Jalaun (Uttar Pradesh): The reverse migration triggered by demonetisation has possibly reversed the BJP’s political fortunes in this backward and poverty-stricken region of Bundelkhand. Coupled with agrarian distress, demonetisation-induced reverse migration is pushing voters away from the BJP in the ongoing elections. While the SP-Congress alliance is the frontrunner for upper caste voters,...
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