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Joblessness below pre-COVID levels: Finance Ministry

-The Hindu Q1 surge in private consumption not just a function of pent-up demand but also rising employment levels, it says Demand for work under the national rural employment guarantee scheme hit a two-year low in August, signalling that the recovering economy is creating more jobs in rural as well as urban India, the Union Finance Ministry said on Saturday.    India’s inflation, the Ministry said, is “in control” and expected to moderate...

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Tamil Nadu Farmers Upset With DMK Govt’s Revised Paddy Procurement Price -Sruti MD

-Newsclick.in Farmers' organisations said that the prices of seeds, fertilisers, pesticides, fuel and others have spiked the cost of production, but the paddy MSP has been increased by only Rs 1 per kg. Chennai: Paddy farmers in Tamil Nadu are disappointed with the recently fixed minimum support price (MSP) for paddy. Tamil Nadu Chief Minister M K Stalin, on August 30, announced the paddy prices for the upcoming procurement season of 2022-23. It...

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Number theory: Shrinking public sector employment and its costs -Pabitra Chowdhury and Rosa Abraham

-Hindustan Times As the public sector has contracted, there has been no other good employer that has emerged to take its place despite the economic expansion of manufacturing and services sectors. Despite several decades of rapid growth of the private sector in India, the allure of a public sector job, historically associated with security, steady pay, and multiple benefits, continues to remain strong for most Indians. The protests following the announcement of...

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Abhijit Sen, Leading Economist of Indian Agriculture, Passes Away

-TheWire.in Apart from teaching at JNU, he was a member of the Planning Commission from 2004-2014 and headed the Commission on Agricultural Costs and Prices, 1997-2000. New Delhi: Professor Abhijit Sen, a leading expert on the rural economy and a former member of the Planning Commission, died here on Monday night after a brief illness. He was 72 years old. In an academic career spanning over four decades, Sen taught economics at Sussex,...

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Public sector banks have ensured financial inclusion, finds a new empirical study

Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...

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