-The Hindu It was the visible hand of the state rather than the invisible hand of the market that helped the developing world catch up with the industrialised countries The emerging significance of developing countries, which gathered momentum after 1980, is beginning to shift the balance of power in the world economy. It could lead to a profound transformation in the next 25 years. This unfolding reality must be situated in the...

-PTI UnEmployment rate rose sharply in Agra, Ludhiana and Meerut during the five year period ending 2009-10, although overall it has come down in cities and towns in the country, according to a government study. The unEmployment rate in Agra rose from 0.2 per cent in 2004-05 to 5.5 per cent in 2009-10, revealed the National Sample Survey Organisation (NSSO) on Employment and UnEmployment Situation in cities and towns of India. The unemployment...

-The Times of India NEW DELHI: Patna recorded the highest unEmployment rate among males in 2009-10 in cities with more than one million population, while Bhopal witnessed the sharpest decline, a government survey showed. The survey by the National Sample Survey Organisation (NSSO) also showed the unEmployment rate among women rose to 5.6% in 2009-10 from 4.3% in 2004-05 in cities. The unEmployment rate among males remained stagnant at 3.4% in...

-PTI MUMBAI: Japanese brokerage Nomura today said with real rural wages moderating, both rural demand and inflationary pressures will moderate in the medium-term, giving the much-needed room to the Reserve Bank to lower interest rates. "Though rural wages continue to rise, the pace of growth is moderating. Growth in the average daily wage rate for agricultural labourers dipped to 13.1 per cent in August year- on-year, which is significantly slower than 18.5...

-The Business Standard A third of Indians migrate, but government ignores them A recent UNESCO report reveals how widely prevalent migration within India has become, and has once again revived the apparently endless debate on whether this trend should be curbed or encouraged. Under the United Progressive Alliance government, internal migration has been seen as a sign of distress rather than of aspiration, and thus there have been various bids to control...