-The Times of India India's official unemployment rate last year was 3.8%, data released recently by the Labour Bureau shows, but, as always, averages hide many stories. A closer look at the numbers shows that unemployment rises with education level to 10% among graduates, and higher still for backward castes. The Chandigarh-based Labour Bureau under the union ministry of labour and employment released the 'Employment and Unemployment Survey 2012' last week. The...
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The menace of destructive education policies-Debashis Gangopadhyay
Universities should not have to bow to research institutes, writes Debashis Gangopadhyay. Basic Sciences versus Applied Sciences Undermining humanities studies in schools will lead to a large number of science graduates in the market. This is a boon for multinational companies as profits will escalate — the cost of labour being lower. However, the danger to profits persist from another aspect. Students who study science out of their love for a subject are...
More »The growth model has come undone-Mritiunjoy Mohanty
-The Hindu Unsustainable import competition and the end of the investment subsidy that the sale of under-priced resources provided to Indian companies are the main reasons why the economy has slowed down What has been called the ‘golden age’ of India’s economic growth was underpinned by global integration, high rates of investment and savings growth and low current account deficits. The slowdown is characterised by a sharp deceleration in investment growth on...
More »Demand, not supply
-The Business Standard MGNREGA review should be based on more research Both acclaim and accusations have been hurled at the UPA’s landmark scheme, the Mahatma Gandhi National Rural Employment Guarantee programme, or MGNREGA. Usually, the reasons for the criticism or praise are less-than-completely supported. For example, it has been both praised and condemned for providing local wage employment to the jobless, thus curbing outmigration; similarly, it is claimed that the scheme has...
More »No One Killed Agriculture
-Inclusion.in There is good news. And there’s bad news. The good news first. There’s been a bumper wheat crop and the granaries are overflowing. And the bad news? Where do we begin? A lot of that grain will rot. Millions will still remain hungry. Heavily in debt and distressed, farmers are committing suicide. Food prices are soaring. There’s more… Farmers don’t have money. Their land is too small and isn’t yielding much. Fertilisers and...
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