-The Hindu The trends in employment have not shown any clear and consistent patterns over the years The two important indicators of structural transformation in any economy are rates of growth and changes in the structural composition of output and the workforce. India has experienced fairly consistent changes in the first indicator, especially after the 1991 reforms, but the trend in employment has not revealed any consistent or clear pattern. The growth rate...
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Dropping the ball on growth and jobs -Santosh Mehrotra
-Financial Express The state desperately needs a strategy for labour-intensive manufacturing; the attacks on cattle-trade have knocked down its once-thriving leather industry In 1955, the share of population below the poverty line (nss 1955) in Uttar Pradesh was 64%, not too different from that in the Madras State (present-day Tamil Nadu), at 73.6%, or in West Bengal, at 53.6%. Four decades later, in 1993-94, while India’s poverty rate was 45.3%, UP’s was...
More »How agri credit is a source of survival for small farmers -Radheshyam Jadhav
-The Hindu Business Line A majority of them take loans from moneylenders and for non-agricultural needs A few years ago when Chayatai Parkhi’s husband Ashok ended his life as he was unable to pay debt taken from banks and moneylenders, Chayatai was forced to take another loan from a moneylender to perform a series of religious rites after the cremation of her husband. Ashok had taken a loan for his daughter’s marriage...
More »TN finance minister stresses on need for data for better governance
-TheFederal.in Fund allocation could be done much more effectively with the availability of current data, said Palanivel Thiaga Rajan The Tamil Nadu government has scope for conducting accurate state-specific sample surveys, similar to the ones done by the National Sample Survey Office (nssO) to improve availability of data for taking policy decisions, said Minister for Finance and Human Resources Management Palanivel Thiaga Rajan, in Chennai on Monday (December 6). The Tamil Nadu minister...
More »Richest 20% facing more inflation than poorest 20%: Crisil
-PTI/ The Hindu The Crisil argument is based on the fact that the burden of inflation varies across different income groups, as the share of spending on food, fuel, and core categories differ across classes Extrapolating the retail inflation print for October, which inched up on-month to 4.5% from 4.3% in September, but steeply declined from 7.6% on-year, Crisil says the richest 20% of the population, who pay more on non-food or...
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