-The Indian Express Again, going by NSSO data, while 11.9 per cent of an average Indian agricultural household’s monthly income comes from “farming of animals”, it is well over 24 per cent for Gujarat. Gujarat has a relatively low per agricultural household debt of Rs 38,100, as against the all-India average of Rs 47,000, according to the National Sample Survey Office’s (NSSO) data for 2012-13. Also, 79.2 per cent of the state’s...
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Inflation down, RBI rate cut hopes up -Asit Ranjan Mishra
-Livemint.com Retail inflation decelerated sharply to 5.05% in August, while industrial production contracted by 2.4% in July, the lowest in eight months New Delhi: India’s new macroeconomic numbers, the last before the Reserve Bank of India (RBI) meets for its 4 October review of monetary policy, pose a dilemma for its new governor Urjit Patel. Retail inflation decelerated sharply to 5.05% in August, while industrial production contracted by 2.4% in July, the lowest...
More »Labour's love's lost -TT Ram Mohan
-The Hindu The proposed labour reforms seek to weaken worker protection at a time when the Indian economy is not creating enough jobs, and the right kind of jobs. On September 2, 10 trade unions in India organised what was said to be one of the largest labour strikes in history. An estimated 120 million workers took part. The unions were protesting against the government’s unwillingness to grant a 12-point charter of...
More »The foreign hand isn't enough -Alex M Thomas
-The Hindu The pursuit of full employment of labour cannot primarily rely on domestic private investment, much less FDI. Only public investment will steady us in the long run. We are increasingly told that the inflow of capital — particularly the foreign direct investment (FDI) variety — increases employment levels and contributes to economic growth. In a rare interview given to The Wall Street Journal in May, Prime Minister Narendra Modi reinforced...
More »No country for equality -Bhalchandra Mungekar
-The Indian Express While crimes against Dalits are increasing, the state has time and again let them down, with little action against the perpetrators. Atrocities against Scheduled Castes (SCs) and Scheduled Tribes (STs) are a regular feature of the caste-based Indian society and distressingly, of late, they have begun increasing. What is ironical is that only recently, the country commemorated the 125th birth anniversary of B .R. Ambedkar, the icon of the...
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