-The Indian Express Thomas Piketty points to the widening income disparities that have accompanied economic growth in India, which endanger social stability The paper by Thomas Piketty and Lucas Chancel, ‘Indian Income Inequality 1922-2014 — From British Raj to Billionaire Raj?’, is now in the public domain. Piketty needs no introduction — his Capital in the Twenty-First Century has been one of the most influential books on economics in the past decade....
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Trade Unions Reject the Wage Code Bill 2017
-Newsclick.in The Labour Ministry introduced the Code on Wages Bill 2017 in the Lok Sabha on August 10, with the ostensible aim of ensuring a statutory national minimum wage and other protections to all wage workers in the country. The Code seeks to replace the four existing laws relating to wages – the Payment of Wages Act, 1936; the Minimum Wages Act, 1948; the Payment of Bonus Act, 1965; and the Equal...
More »Petrol, diesel price rise saga explained -Abhik Deb
-The Economic Times Change in fuel price indeed has far reaching effects as its impact ranges from daily budget to macroeconomics like inflation numbers. The rise in petrol and diesel prices has been making news for the last week or so. Change in fuel price indeed has far reaching effects as its impact ranges from daily budget to macroeconomics like inflation numbers. Here is a roundup of what is happening and why...
More »India home to 23.4% of world's hungry, 51% women are anemic: UN report -Sayantan Bera
-Livemint.com According to the UN report, India is home to 190.7 million undernourished people and 38.4% of children under five in India are stunted New Delhi: After a prolonged period of decline, global hunger (measured by the number of undernourished people) is on the rise again, posing a challenge to international goals of eradicating hunger by 2030, said a United Nations report published on Friday. According to the State of Food Security and...
More »Rural distress may lessen even as agriculture growth may stay flat -Sandip Das and Banikinkar Pattanayak
-The Financial Express The distress in rural India on account of a glut-induced crash in prices of farm commodities will likely alleviate soon as prices tend to look up, but statistical factors will keep farm-sector growth subdued in the short-term. A crash in prices kept growth in nominal gross value added (GVA) for the agriculture and allied sector above the expansion in real term in Q1FY18 for the first time in five...
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