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Rate now: Rs 85 a day

-The Telegraph   The wages for workers of the Terai and Dooars tea gardens were revised at a tripartite meeting in Calcutta today, the hike of Rs 18 making it almost equal to the amount that the workforce in the Darjeeling gardens has been getting since April this year. According to the three-year agreement, the daily wage of the workers will be Rs 85 for the current year, Rs 90 for 2012-2013 and...

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The Seven-Billion Mark by Joel E Cohen

One week from now, the United Nations estimates, the world’s population will reach seven billion. Because censuses are infrequent and incomplete, no one knows the precise date—the US Census Bureau puts it somewhere next March—but there can be no doubt that humanity is approaching a milestone. The first billion people accumulated over a leisurely interval, from the origins of humans hundreds of thousands of years ago to the early 1800s. Adding...

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Shortages in a labour-surplus economy by N Chandra Mohan

Although India is a labour-surplus economy – with an unlimited number of workers willing to work at a subsistence wage – a paradoxical feature of the labour market is the rising incidence of scarcity or shortages amid a situation of potential plenty. No doubt, this pertains to skilled labour. But when 15 per cent of Indian trucks are idle owing to a shortage of drivers or India Inc is worried...

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Redistribution is not inclusion growth by Arvind Panagriya

Only in India does redistribution, which keeps the poor and marginalised out of the mainstream of the economy, pass for inclusive growth. In much of the rest of the world, inclusive growth would mean giving the poor and marginalised a direct stake in the economy with fast-growing industries and services absorbing them into gainful employment and, thus, making them true participants and partners in the growth process.  But in India, we...

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A bad return on investment

-Live Mint   As United Progressive Alliance chairperson Sonia Gandhi prepares to intervene next week in the great national debate about who is poor, she might want to visit north-eastern Mumbai to see how the poorest are not even classified as such and how a giant government scheme to save their children from malnutrition is failing. The nauseating stench from a mountain of garbage greets a visitor to Rafi Nagar at the base...

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