-The Economic Times   States owe rural job seekers more than Rs 68 crore in unemployment dole, undermining the effectiveness of the government's flagship rural jobs guarantee scheme that has millions of workers in its fold. Workers enrolled under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) are entitled to unemployment allowance if they are not provided a job within 15 days of applying for it. Although the allowance is to...

Anna Hazare today appeared to betray an ambition to become the next Jaya Prakash Narayan if not a Mahatma Gandhi II, asking the Opposition to join his agitation if the UPA defeated the efforts to enact a strong Lokpal. He asked the Opposition to hit the streets and fill the jails, sounding a little like JP who had brought the Right and the Left together in his 1970s campaign against the...

What is common between Brazil, Russia, India and China? That’s easy. They are the so-called BRIC countries. But, what is common between these BRIC countries and other emerging economies such as Indonesia, Argentina and South Africa? The answer: inequality. This disconcerting connect between these emerging economies is the focus of a report released last week by the Organization for Economic Cooperation and Development (OECD), the think tank for the club of...

Here's the wonderful thing about the FDI-in-retail debate: never have struggling Indian farmers found so many champions. They've been crawling out of the woodwork. Foreign direct investment in retail may be on hold, but Hillary Clinton can stop worrying about Anand Sharma and Pranab Mukherjee. “How does (Commerce Minister) Sharma view India's current Foreign Direct Investment guidelines? Which sectors does he plan to open further? Why is he reluctant to open multi-brand...

In possibly the first instance of its kind in the country, the Andhra Pradesh government has decided to compensate 70 victims of police violence following the May 2007 Mecca Masjid blast. The men had been falsely implicated in the case and tortured in custody. The 20 men who were the worst affected would get Rs 3 lakh each, the rest Rs 20,000 each. The announcement of the Rs 70 lakh compensation was...