-The Hindu ILO finds women form 60% of lowest paid wage labour, but only 15% of highest wage-earners India had among the worst levels of gender wage disparity — men earning more than women in similar jobs — with the gap exceeding 30 per cent, the Global Wage Report 2016-17 released by the International Labour Organisation (ILO) revealed last week. In contrast, Singapore had among the lowest, at 3 per cent. Among major...
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Time for a policy shift -Bishwanath Goldar & Arup Mitra
-The Hindu The unorganised manufacturing sector should be reoriented towards non-household units to provide efficiency gains. Ever since E.F. Schumacher, a British economist, published in 1973 his book Small is Beautiful, implying that small units are better in terms of performance indicators and labour absorption, several studies have endorsed the same idea and argued in favour of promoting small units. Stretching the argument a little further, it may be emphasised that small...
More »Utsa Patnaik, professor emeritus at Jawaharlal Nehru University, interviewed by TK Rajalakshmi
-Frontline.in Interview with Utsa Patnaik, professor emerita of economics, Jawaharlal Nehru University. By T.K. RAJALAKSHMI THE FALLOUT of the decision of the National Democratic Alliance government to demonetise currency of higher denominations has been felt across all sections of people. There are concerns that it will lead to an overall economic slowdown given the acute shortage of currency for industrial and agricultural operations. The impact on agriculture and those dependent on agriculture...
More »Cheque payments making farmers' lives more difficult -Madhvi Sally & Jayashree Bhosale
-The Economic Times NEW DELHI | PUNE: Post demonetisation, Manjit Singh, a farmer in Punjab, is grappling with a new financial reality — a queer mix of debit and credit in cashstarved villages where farmers are beginning to get some payments in cheques while their suppliers want currency notes. The vegetable and paddy farmer from Malerkotla is yet to receive Rs 35,000 from commission agents who took his produce. He has bought...
More »Rural distress -TK Rajalakshmi
-Frontline.in To rural India, which is already reeling under multiple crises, demonetisation has come as yet another blow. WHEN the Prime Minister made the decision to withdraw Rs.500 and Rs.1,000 notes, he did not quite factor in the impact it would have on agriculture. Despite the rhetoric the concept of digital wallets has not yet entered rural India unlike in much of the country’s urban areas, and much of rural and...
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