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Utter Disgrace! Modi Sarkar Refuses Hike in Rs 200 Monthly Old Age Pension -prabhat patnaik

-Newsclick.in The government’s brazen class bias is crystal clear, as it gives away national assets built with public money to its favourite capitalists, together with tax breaks. Junior Minister for Rural Development in the Central government, Sadhvi Niranjan Jyoti, ruled out in Parliament any increase in the amount of monthly pension given by the Centre to the elderly under the National Social Assistance Programme (NSAP). The amount currently being given to each...

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Latest available PLFS data sheds light on unpaid helpers in self-employment & underemployment among various types of workers

Generally, economists refer to indicators like Worker Population Ratio (WPR), Labour Force Participation Rate (LFPR) and Unemployment Rate (UR) in order to assess the extent of joblessness and work related precarity at a particular period of time in a certain geographical area. However, there are other indicators too, which can help in understanding the job situation, livelihoods security and vulnerability of workers in a better way such as 'percentage distribution...

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Official data corroborates deepening of livelihood crisis in urban areas during the 2020 nationwide lockdown

The recently released quarterly Periodic Labour Force Survey (PLFS) data broadly confirms the dip in employment and jobs during the countrywide lockdown period, followed by a certain degree of recovery in the post-lockdown months last year as have been indicated by various survey-based studies and research papers. The quarterly bulletin on PLFS provides data on key employment and unemployment indicators i.e. Unemployment Rate (UR), Worker Population Ratio (WPR) and Labour...

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30 Years of Economic Reforms – A Saga of Growing Inequalities -prabhat patnaik

-Newsclick.in The votaries of economic reforms miss the point that while it may have increased GDP growth rate, it has worsened the conditions of the working people. It is 30 years since India adopted neoliberal policies in 1991, though some would date their introduction even earlier to 1985. Newspapers are full of assessments of the impact of these policies on the economy, and liberalisers from Manmohan Singh downward, have suddenly become visible,...

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The Poverty of Economic Conservatism -prabhat patnaik

-NetworkIdeas.org In terms of economic policy, the Modi government must be perhaps the most conservative in the world. During the entire period of the pandemic when millions of people lost their incomes and livelihood support, most governments around the world provided universal cash transfers to the people, but not the Modi government. True, many other third world countries too did not provide such universal cash transfers, but their hands were tied;...

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