-The Indian Express The problem is under-employment. It won’t be resolved if the residually-employed are notionally shifted from the informal to formal sector. In an article in January, Soumya Kanti Ghosh and Pulak Ghosh (Ghosh and Ghosh) claimed that seven million new jobs have been created in the formal sector. Their claim is based on the increase in registration under the Employees Provident Fund (EPFO), National Pension Scheme and Employees State Insurance...
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A triple blow to job guarantee scheme -Rajendran Narayanan & Madhubala Pothula
-The Hindu A lack of sufficient funds, rampant payment delays and abysmal wage rates are to blame The ?11,000 crore fraud that diamond merchant Nirav Modi is said to have created is a figure that needs to be put in perspective. The total amount of wages pending under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme for the whole country (2016-17) was around ?11,000 crore too. This sum is a...
More »Cracking the rural consumption puzzle -Aarati Krishnan
-The Hindu Business Line The surge in non-farm employment has led to a rural consumption splurge, making listed companies bullish Is rural India languishing in abject misery, or is it on a cheerful spending spree? Today you can get diametrically opposing views on this, depending on where you get your information. If you are an avid follower of news, then you would be firmly in the pessimist camp, having read all about...
More »Meet Bakshi Ram, the man behind Uttar Pradesh's brimming sugar mills -Sanjeeb Mukherjee
-Business Standard From occupying 3% of all sugarcane area in the state in 2012-13, the variety that now covers 52% New Delhi: India’s sugar sector is staring at an unprecedented glut, with production topping 31 million tonnes. Sugar is suddenly tasting bitter as mills are finding it difficult to pay sugarcane farmers in the politically sensitive state of Uttar Pradesh. At the heart of the surplus lies a new variety of sugarcane called CO-0238,...
More »Storms kill more in 5 weeks than all of 2017 -Amit Bhattacharya
-The Times of India NEW DELHI: Storms across the country have killed more people since April 11 than all of last year. Since Sunday, thunderstorms claimed 94 lives across six states, taking the death toll in storms since April to 278. Fatalities in the first two weeks of May stand at 223, while 55 people died in April. Last year, storms claimed 197 lives, while the toll in 2016 was 216. The...
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