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Food Security Bill to partly hurt ongoing recovery; 1QFY14 earnings in focus

-The Economic Times MUMBAI: The Union Cabinet this week passed an ordinance to implement the National Food Security Bill (NFSB). The bill guarantees legal entitlement of food grains at a subsidised price to ~67 per cent of India's population. The ordinance will come into effect immediately once it is signed by the President. But it also needs to be approved by both the houses of Parliament in the monsoon session within six...

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The youth unemployment bill -Manish Sabharwal

-The Indian Express Why the proposed national minimum wage is the wrong answer to questions of unemployment and poverty The recent national labour conference - a trade union love fest with little real employer participation - demanded a national minimum wage. The trade union demand is a predictable positioning of narrow self-interest as national interest but the government's acceptance of their demand is unfair, delusional and economically stupid. Unfair, because it pampers a...

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Question of survival -TK Rajalakshmi

-Frontline Despite the negative observations and criticisms, there is a strong case for MGNREGS works to be continued even in States with high per capita incomes. Hisar and Fatehabad: CONTRARY to general opinion, demand for work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is high in Haryana. Contrary also to the views in recent discussion papers, one of them commissioned by the Commission for Agricultural Cost and Prices...

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Rural India in decline-Niranjan Rajadhyaksha

-Live Mint The varying demographic trends in modern India could create disagreements in the political system There were 180 million more Indians in 2011 than a decade ago. Around half this increase in population came from the villages and half from the cities. The urban population actually grew slightly more than the rural population, perhaps for the first time in Indian history. The big picture is generally known. It is in the...

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India has a problem with inequality, and it won't be solved easily-Kunal Kumar Kundu

-The Business Standard Why government policy and jobless growth have let inequality worsen in recent times The Forbes list of billionaires features 55 Indians in 2013. The estimated net worth of only the top ten is $102.1 billion or approximately 5.5 per cent of India's gross domestic product. Paradoxically, every third poor person and every second malnourished child in the world is also an Indian. India also adds 7.5 million babies with...

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