-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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20 Farmers Die Of Pesticide Poisoning In Maharashtra, Some Critical -Saurabh Gupta
-NDTV Over 600 farmers have been affected by pesticide inhalation in Maharashtra's Vidarbha region. They skipped wearing protective gear while spraying pesticide, officials claimed Mumbai: Twenty nine-year-old Inder Rathod, who works on cottons fields in Maharashtra's Vidarbha region, had sprayed pesticide on the crop last week. That was the last time he saw the lush fields and fluffy cotton crop. "After the spray, I couldn't see anything. It was so sudden,"...
More »From textiles to tech: Wave of Job losses hits new and old economy -Anil Sasi
-The Indian Express The Indian Express points to spreading employment distress in a market where fresh hiring opportunities are increasingly limited. TEXTILE to capital goods, banking to I-T, start-ups to energy, the economy’s downward spiral is leaving a trail of Job losses across both old and new economy sectors. In the near absence of consolidated employment numbers, disaggregated data collated from across these sectors by The Indian Express points to spreading employment distress...
More »Economy outlook still cloudy -Ajit Ranade
-The Hindu An immediate stimulus is needed to regain the momentum to get India back to 8% growth The government’s move this past week to publish economic data for the April to June quarter of this year needs a look. The real growth of GDP, i.e. after removing the impact of inflation, was only 5.7%, much lower than expected. For the past six consecutive quarters, the growth rate has gone down steadily,...
More »It was the suddenness of demonetisation that added immensely to its costs, and nothing to its benefits -Shankar Raghuraman
-The Times of India blog Whatever its critics may say, there is one unambiguous achievement of the demonetisation drive. The Reserve Bank of India can surely now claim its rightful place in the Guinness or Limca books for the world record in time spent on a single count of currency notes. But what about the other benefits that the finance ministry claimed after RBI announced the results of this mahayajna of...
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