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From textiles to tech: Wave of job losses hits new and old economy -Anil Sasi

-The Indian Express The Indian Express points to spreading employment distress in a market where fresh hiring opportunities are increasingly limited. TEXTILE to capital goods, banking to I-T, start-ups to energy, the economy’s downward spiral is leaving a trail of job losses across both old and new economy sectors. In the near absence of consolidated employment numbers, disaggregated data collated from across these sectors by The Indian Express points to spreading employment distress...

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Do we really need interlinking of rivers? -Himanshu Thakkar

-Livemint.com The river interlinking project will adversely affect land, forests, biodiversity, rivers and the livelihood of millions of people Interlinking of rivers is a very expensive proposal. It has huge adverse environmental impacts on land, forests, biodiversity, rivers and the livelihood of millions of people. It is a socially disruptive proposition. It will not only add to climate change impact (destruction of forests means destruction of carbon sinks, and reservoirs in tropical...

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In loan waiver shocker, farmers of Uttar Pradesh get relief of 19 paise -Haidar Naqvi and Brajendra K Parashar

-Hindustan Times Many farmers have been left bewildered as the Uttar Pradesh government headed by chief minister Yogi Adityanath follows up on its poll promise of waving farm loans. Kanpur/ Lucknow: Ishwar Dayal, a marginal farmer of Bhartana in Etawah of Uttar Pradesh, was in for a shock when he was handed over by district officials a certificate saying his outstanding farm loan amounting to 19 paise has been waived. He says he...

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Himanshu, an associate professor in economics at Delhi's Jawaharlal Nehru University, interviewed by Nitin Sethi (Scroll.in)

-Scroll.in JNU professor Himanshu says the economic slowdown is not the result of a one-off event like demonetisation, the slump began almost two years ago. The economy is in a trough. The first quarter of 2017-2018 saw the growth of gross domestic product (the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year – the...

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Aadhaar law will clear Constitution test, need to secure data: Arun Jaitley

-The Indian Express The Supreme Court is hearing a petition challenging making Aadhaar mandatory for availing benefits under various social welfare schemes of the government. The next hearing is in the first week of November. New Delhi: Finance Minister Arun Jaitley Wednesday said the Aadhaar law will “pass the test of constitutionality” and that it is important to build “ironwalls” to protect people’s data. He said the Aadhaar scheme announced by the...

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