The first-ever annual employment survey by the Labour Bureau under the Union Ministry of Labour points to a “jobless economic growth” last fiscal year. During the bureau’s survey period 2009-10 — also the year in which India’s gross domestic product grew by 7.4 per cent — unemployment was 9.4 per cent. The National Sample Survey Organisation, using its Consumer Expenditure Survey for 2007-08, had painted a rosy unemployment figure of 2.8...
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Towards a Comprehensive Food Security Bill for All by Dipa Sinha
The NAC proposals for the food security bill are narrow and lack in vision. What is needed is a comprehensive bill with universalisation of PDS and a focus on child malnutrition. There was much excitement when food security became one of the issues in the manifestos of most major political parties in the run up to the 2009 General Elections. With burgeoning food stocks, double-digit food inflation, stagnant malnutrition rates, declining...
More »‘9.4% unemployed, agriculture accounts for less than half of all jobs’ by Amitav Ranjan
A first-ever survey by the Labour Bureau under the Union Ministry of Labour has shown that chronic unemployment — being jobless for more than six months — in India for 2009-10 stands at 9.4 per cent of the population, more than thrice the 2.8 per cent estimated by the National Sample Survey Organisation (NSSO). The survey was conducted in 300 districts among the 28 states and union territories with working class...
More »'Nearly 10%' of Indians are without jobs
Nearly 10% of Indians are without jobs, a new study of the country's labour force has found. The study by the federal labour ministry was conducted in some 46,000 households in 28 states all over the country. It also found that over 85% of Indians had no access to social security. Various surveys have pegged India's unemployment rate between 2.8 to more than 10%. Analysts say the actual figure is much higher. They say...
More »Micro finance, macro objectives by Krishnamurthy V Subramanian
Sample some data on the microfinance performance in India: According to the data provided by www.mixmarket.org, microfinance in India reached close to 270 lakh active borrowers in 2009, with the average loan size close to Rs 8,000. This translates into total borrowing to over Rs 20,000 crore. Though this number seems large, it represents only 0.3% of our GDP. Thus, large swathes of poor, both in our villages and urban...
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