-The Hindu A more progressive Central law on land acquisition is now in place, but several States have already either amended the new law or enacted legislation of their own. On August 31, the Supreme Court in Kedar Nath Yadav v. State of West Bengal delivered one of the most momentous decisions of the year. It invalidated the expropriation of land in Singur by the erstwhile Left Front government in Bengal, and...
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Joblessness rises to 5-year high -Somesh Jha
-The Hindu Female unemployment rose to 8.7% in 2015-16 from 7.7% a year earlier Jobless economic growth continues to haunt India's youth, with the country’s unemployment rate rising to a five-year high of five per cent in 2015-16, according to the latest annual household survey on employment conducted by Labour Bureau. India’s economy grew 7.1 per cent in the first quarter of 2015-16, slowing from 7.9 per cent a year earlier. The country’s...
More »How Tamil Nadu's rural industry model can keep farm unrest at bay -Harish Damodaran
-The Indian Express Decentralised industrialisation, entrepreneurship from below have been absent in states that have seen recent unrest among agrarian communities. “The soil here is very saline with electrical conductivity value of 9. We can grow only chloride-loving crops like coconut and the MR-2 variety of mulberry.” That was Tamil Selvi, recently telling this correspondent about the 5.75-acre land farmed by her father Natarajan Gounder at Velayuthagoundanpudur, a small village around 25...
More »Labour's love's lost -TT Ram Mohan
-The Hindu The proposed labour reforms seek to weaken worker protection at a time when the Indian economy is not creating enough jobs, and the right kind of jobs. On September 2, 10 trade unions in India organised what was said to be one of the largest labour strikes in history. An estimated 120 million workers took part. The unions were protesting against the government’s unwillingness to grant a 12-point charter of...
More »The foreign hand isn't enough -Alex M Thomas
-The Hindu The pursuit of full employment of labour cannot primarily rely on domestic private investment, much less FDI. Only public investment will steady us in the long run. We are increasingly told that the inflow of capital — particularly the foreign direct investment (FDI) variety — increases employment levels and contributes to economic growth. In a rare interview given to The Wall Street Journal in May, Prime Minister Narendra Modi reinforced...
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