In the absence of income or expenditure-based headcount ratio, the growth in the real wages (i.e., nominal wages adjusted against retail inflation) of the manual workers is considered to be a good proxy to assess the trends in poverty. This is because the manual, unskilled/ semi-skilled labourers exist at the bottom of the pyramid or economic hierarchy, and most of them belong to the social categories Scheduled Castes (SCs) and...
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Shock-proofing the economy: Quality jobs the best possible safety net -TN Ninan
-Business Standard Since jobs will remain scarce for the foreseeable future, an unemployment allowance should be the next big social-security initiative, writes T N Ninan Crises in the Indian economy used to be the “normal”. In the 12 years from 1962 to 1974, India fought three wars, suffered four droughts that produced famine in places like Bihar, and lived through the first oil shock, which saw a quadrupling of Crude Oil Prices. The...
More »Panic buy in Punjab, farmers stock diesel to cut costs -Harpreet Bajwa
-The New Indian Express As Crude Oil Prices soar to record highs, panic buying of diesel has started in Punjab with a 70 per cent rise in sales as compared to the same period last year. CHANDIGARH: As Crude Oil Prices soar to record highs, panic buying of diesel has started in Punjab with a 70 per cent rise in sales as compared to the same period last year. People fear that...
More »Crude Oil Prices Rise, Tracking Russia-Ukraine Conflict -Rahul Karunakar
-NDTV.com (with inputs from Agencies) Crude Oil Prices rose over 0.5% on Tuesday, as the Ukraine conflict drags on, albeit well below a seven-year high hit last week. Crude Oil Prices rose over 0.5% on Tuesday, as the Russia-Ukraine conflict drags on, albeit well below a seven-year high after Russia's invasion of Ukraine began last week, which is the most significant attack on a European country since World War Two. While global financial...
More »Crude oil not the only problem, more than 80% of India’s sunflower oil imports are from Ukraine -Samrat Sharma
-IndiaToday.in Russia-Ukraine war news updates: The attack on Ukraine has jolted the oil market around the world as well as in India. The dark clouds over edible oil imports in India have come at a time when the retail prices of edible oil are already plateauing. Russia’s invasion of Ukraine has jolted the crude oil market around the world and that is poised to raise petrol and diesel prices in India as...
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