Those who see a direct link between wage inflation and the employment guarantee scheme need to think again Rural wage rates have been rising at quite a fast rate in recent months. Farmers have been complaining about their inability to get cheap labour for their farms. Industry, too, has raised the alarm saying that this is squeezing their margins; higher rural wages mean fewer people are willing to work on construction...

FDI in single-brand retail raised from 51 to 100%   In a bid to remove the impression that UPA-II is suffering from a “decision making paralysis” and kicking off the second generation reforms, the Union Cabinet on Thursday gave its approval for 51 per cent foreign direct investment (FDI) in multi-brand retail and 100 per cent FDI in single-brand retail. The decision is likely to clear the decks for the entry of foreign...

After being mired in controversies across the nation over multi-crore scams, the MGNREGA scheme hasn’t quite made headway in Bulandshahr district’s Anupshahr yet, say Bhamati Sivapalan and Yamini Deenadayalan “MGNREGA is a flop in Uttar Pradesh,” extended NGO worker Manish Sharma, as small talk, at the block development office of Anupshahr in the Bulandshahr district of Uttar Pradesh. Despite having been in force since 2005, the Mahatma Gandhi National Rural Employment...

The NTPC has changed its stand and decided to scout for land for its power project in Burdwan’s Katwa, taking on an unpalatable task that reflects Trinamul’s clout at the Centre. “We had requested the Bengal government to acquire land for us. Now, we have agreed to acquire land on our own,” a senior official of the central power utility said. The NTPC needs to acquire around 550 acres. Power department sources...

The pointlessness of the debate over Indian measures of poverty becomes clear when we look at the country’s human development record. If per capita real incomes have risen so well during the last two decades since reforms were introduced, surely that should mean better lives for most Indians. Forget about catching up with China, there is increasing evidence of India falling behind Bangladesh in terms of key human development indicators...