The only economic or social variable that has not moved since 1991 in India is our 93% informal employment in the informal sector. So, while we have smartly and substantially moved the needle on everything from Foreign Exchange reserves, infant mortality, school enrolment, market capitalisation, foreign investment, and pregnancy deaths, 9 out of 10 of our workers do not work in organised employment. Informal employment—what President Alan Garcia of Peru...
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Shoring up public healthcare
The world's growing riches seem to make little difference to over 100 million people globally as they slide into poverty every year because of healthcare costs. One of the unsolved conundrums in many countries is the inability to provide for universal healthcare coverage, despite economic growth and development. While the financial consequences of illness are severe for many in poorer countries that do not have appropriate systems in place, those...
More »Rajan Ghate bags National RTI Award 2010
Rajan Ghate, Goa's one-man-army against the illegal purchase of land by foreigners, is one among five Indian citizens to be awarded the National RTI Awards 2010 by the National RTI Secretariat, Uttar Pradesh. The awards ceremony will be held in January 2011. During his days as the state president of the Nationalist Youth Congress from September 2005 to October 2010, Ghate single-handedly agitated against the illegal purchase of land in...
More »African farmers displaced as investors move in by Neil MacFarquhar
Stunned villagers are finding that governments have been leasing land, often for decades. The half-dozen strangers who descended on this remote West African village brought its hand-to-mouth farmers alarming news: their humble fields, tilled from one generation to the next, were now controlled by Libya's leader, Col. Muammar el-Qaddafi, and the farmers would all have to leave. “They told us this would be the last rainy season for us to cultivate our...
More »FinMin probing more than 100 overseas deals for tax evasion
The Finance Ministry has begun its maiden investigation into over 100 offshore "financial structuring deals" undertaken by Indian business entities in foreign tax havens to allegedly evade the taxman's net. The multi-pronged probe has been undertaken by the international taxation wing of the Income Tax department and the foreign taxation unit in the Central Board of Direct Taxes (CBDT). A number of investments and deals to the tune of billions of rupees...
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