-FirstPost.com New Delhi: Job creation has been suffering under the Modi Government and fresh data released by the Labour Bureau shows the extent of worry on this count. So, even as the country’s GDP growth continues to be healthy and predictions of above-average rainfall this year bring some cheer, the bad news on the jobs’ front needs the government’s immediate focus. A jobless growth does not help anyone. As per the...
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Agri ministry won't allow seed firms to exploit farmers
-Business Standard Says all Central decisions are in interest of farmers including the control price one Union Agriculture Minister Radha Mohan Singh said on Monday that the government would not allow seed companies such as US biotechnology major Monsanto to exploit Indian farmers. The government would continue to regulate seed prices in the interest of growers, he added. The minister’s comments sparked off a ‘sell’ in Monsanto India shares in the stock markets...
More »Forty coal importers under the DRI scanner for over-invoicing
-The Hindu Business Line Firms of Adani, Anil Ambani, Essar, JSW Groups and some PSUs being probed NEW DELHI: The Finance Ministry and the Directorate of Revenue Intelligence (DRI) are said to have stepped up investigations into the alleged over-invoicing of coal imports by 40 companies — both in the public and private sector — to the tune of Rs. 35,000 crore. “It is an issue that has been going on for the...
More »Rural to urban migration in India: Why labour mobility bucks global trend -Kaivan Munshi & Mark Rosenzweig
-The Indian Express The percentage of the adult population for four large developing countries — China, India, Indonesia and Nigeria — who are living in cities, as well as the change in this percentage between 1975 and 2000, are plotted in chart. Rural-urban migration is exceptionally low in India. Changes in the rural and urban population between decennial censuses over the period 1961-2001 indicate that the migration rate for working age...
More »Flimsy arguments to justify contract labour -KR Shyam Sundar and Rahul Suresh Sakpal
-The Hindu Business Line The Economic Survey’s efforts to link ‘excess’ labour regulation to this practice do not stand up to scrutiny The Economic Survey has unconvincingly linked the practise of contract labour to an excess of labour regulation — what it calls ‘regulatory cholesterol’. The Survey alleges that to negotiate the regulatory “cholesterol” in labour law firms resort to contract labour. This is a contestable view. According to the Survey, extensive use...
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