-Business Standard While the revised estimates of the gross domestic product (GDP) suggest the Indian economy turned the corner in 2013-14, concerns remain over the durability of this nascent recovery. Particularly worrying is the recent slowdown in rural wage growth, which signals a weakening of rural demand. Growth in rural wages, which had averaged 18 per cent in the previous few years, fell to less than five per cent in September...
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NDA planned to amend, restrict rural job Act -Sanjeeb Mukherjee
-Business Standard Limits funds to states under the scheme and still looking to reduce labour budget ratios The National Democratic Alliance (NDA) government had begun work on amending the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), restricting the coverage to a few backward districts, leaving out large portions of Punjab, Haryana, Maharashtra, Gujarat, Tamil Nadu and Kerala from its ambit. The plan was eventually shelved after protests and a debate in...
More »Private sector, ‘care economy’ will be key engines of job creation for next 5 years –UN report
-The United Nations Private sector services, such as business and administrative services, and real estate, as well as related industries, will employ more than a third of the global workforce over the next five years, according to new data released by the United Nations labour agency. "Service sector employment will remain the most dynamic with respect to job creation in the next five years," said Raymond Torres, a head researcher of...
More »Rural wage growth lowest in 10 years, signals farm distress, falling inflation -Harish Damodaran & Surabhi
-The Indian Express Rural wages in India have registered an average annual growth of 3.8 per cent in November, the lowest since July 2005, according to Labour Bureau data. The 3.8 per cent year-on-year increase is a significant drop relative to the two-digit growth rates prevailing until June, and the peak 20 per cent-plus levels of 2011 (see graph). "The numbers confirm the findings in our mid-year economic analysis that inflation is...
More »Farming on machines
-The Financial Express Besides better yield, mechanisation leads to a rise in labour employment India is known as the land of agriculture, with a holding of nearly 157 million hectares of cultivable land, making our country the second-largest agricultural landholder in the world. With over 58% of the country's population depending on agriculture for earning livelihood, it is also the biggest employment avenue in the country. The Indian Green Revolution is regarded as...
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