-The Times of India Government on Wednesday said that around seven crore people in the country were either unemployed or under-employed. "As per results of the latest survey conducted by the National Sample Survey Organization (NSSO) during 2009-10, the number of unemployed or under-employed persons on usual status basis in the country was 95 lakh and about six crore, respectively," the Union labour and employment minister Mallikarjun Kharge said in the Rajya...

-The Indian Express FDI in retail will bring competition to non-tradable services, and make Indian firms globally competitive India removed barriers to trade in goods in the 1990s. Removing protection brought global competition and raised productivity. But introducing global competition in services is harder. In certain services that are tradable, like legal or financial services, the removal of trade barriers can introduce competition and increase productivity. But these often involve complicated and...

We are providing below the revised version of the above mentioned article (in pdf), which was originally published in Outlook, 14 November, 2011 Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority – but a large enough group - of Indians who are doing very well...

-Outlook The government has not made any assessment on presumptive losses following the CAG report on the 2G spectrum issue, Parliament was informed today. "No assessment of the value of presumptive loss caused to the nation after the publication of CAG report in 2G spectrum matter has been made by the Government of India," Minister of State for Finance Namo Narain Meena said in a written reply in the Rajya Sabha. To a...

-Outlook The poverty ratio in Jharkhand declined to 39.1 per cent in 2009-10 from 45.3 per cent five years ago because of economic Growth and poverty alleviation programmes, the government said today. "The percentage of people living below poverty line in Jharkhand has declined from 45.3 per cent in 2004-05 to 39.1 per cent in 2009-10. "In terms of number of poor, it has declined from 1.32 crore in 2004-05 to 1.26 crore...