In a recent blog post, Columbia University professor Arvind Panagariya mentions that the critics of the present Prime Minister of India failed to underscore ‘employment rate’ -- flip side of unemployment rate -- that stood at nearly 94 percent according to the report on Periodic Labour Force Survey 2017-18. A recent article by Dr. Vikas Rawal and Prachi Bansal, however, points out that in order to understand the problem of joblessness...
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NYAY: No bridge between two Indias -R Ramakumar
-Frontline.in A closer look at the Congress party’s proposed income transfer scheme. “Two Indias are being created. One of the rich and the other of the poor… we are going to bridge these two Indias. And we are going to make sure that this one India that is formed has opportunity for all…. The idea is that you take the India of opportunity, you grow that India. Then you take some of...
More »Unemployment: Why Amitabh Kant and Surjit Bhalla are Wrong -R Ramakumar
-Newsclick.in The arguments put forward by the two government advocates to disparage the NSSO’s thwarted report only serve to create a smokescreen so that any meaningful debate on unemployment becomes impossible. In 1965, P. C. Mahalanobis, who founded India’s modern statistical system, wrote a famous article titled “Statistics as a Key Technology” in the journal The American Statistician. One argument in the paper was as follows. Prior to the emergence of science...
More »Crumbs for farmers -R Ramakumar
-Frontline.in Hidden in the Modi government’s Budget promises to India’s farmers, who are in distress, is the admission: we have failed you. No section of society has perhaps fared worse under the Narendra Modi regime than small peasants and agricultural labourers. Rural India, particularly peasants, voted in large numbers for the Bharatiya Janata Party-led National Democratic Alliance (NDA) in 2014. Once in power, the NDA government promised to double the incomes...
More »Examining farm loan waivers -R Ramakumar
-The Hindu The solution lies in better schemes that ensure universal coverage for small, marginal and medium-sized farmers To do or not to do? According to reports, the Central government is discussing a scheme to waive outstanding farm loans in the aftermath of widespread farmers’ protests between March and December 2018 . Till now, at least 11 States have announced schemes to waive outstanding farm loans: Madhya Pradesh, Uttar Pradesh, Karnataka, Tamil...
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