-Live Mint High growth hasn’t led to more jobs The years between 2004-05 and 2009-10 saw some of the highest rates of gross domestic product (GDP) growth for India. The problem, however, is that this high growth hasn’t led to more jobs. Employment elasticity—which is a measure of how employment varies with economic output—has come down dramatically. The Planning Commission says that employment elasticity has come down “from 0.44 in the first half...
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Gujarat govt accused of manipulating youth employment data
-DNA Gujarat government’s tall claim of providing employment to 65,000 youth under ‘Swami Vivekananda Youth Employment Week’ have been contradicted by its won reply to a RTI plea filed on issue. Jyoti Karmachari Mandal (JKM), the organisation that filed the plea seeking details of Rojgar Melas held in state, has accused the state government of manipulating figures to mislead people. They alleged that state government’s reply showed that beneficiaries were given employment letters...
More »All to the sweat shop-Bhavdeep Kang
-Tehelka Here are the gaping holes in the argument for FDI in retail. No smooth talk can pave over it TOUTED AS a cure-all for India’s economic ills, Foreign Direct Investment (FDI) in multi-brand retail is at best an anodyne, and at worst, toxic. It is an attempt to lift markets by fabricating sentiment; signalling an economic turnaround without any concrete steps being taken to trim the fiscal deficit or boost manufacturing. All...
More »Perils of regulation-Rishabh Bhandari
-The Indian Express A free press that is able to operate without fear or favour remains an essential cornerstone of a modern democratic society. It plays a fundamental role as the guardian of public interest. By the same token, when certain deficiencies in its role become apparent, public and political furore is inevitable. So it came to pass in Britain, where public anger emanating from a single action — the hacking...
More »Trafficked maids to order: The darker side of richer India
-CNN-IBN Inside the crumbling housing estates of Shivaji Enclave, amid the boys playing cricket and housewives chatting from their balconies, winding staircases lead to places where lies a darker side to India's economic boom. Three months ago, police rescued Theresa Kerketa from one of these tiny two-roomed flats. For four years, she was kept here by a placement agency for domestic maids, in between stints as a virtual slave to Delhi's...
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