Governments in India — Centre and states — spend around one per cent of the country's GDP on health. Only five countries — Burundi, Myanmar, Pakistan , Sudan and Cambodia — have a lower figure than this. But private spending on the crucial sector is 4.2 per cent of GDP, among the top 20 countries in the world. Within this private spend, employers pay for about 9 per cent and...
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Class Struggle
The success of programmes like the Sarva Shiksha Abhiyan (SSA) and Mid Day Meal Scheme (MDMS) in getting most children enrolled at the primary level has created the illusion that the government is now finally getting down to business and boldly financing education. Spending on education quadrupled between 1990-91 and 2000-01 . Since 2004-05 , the combined expenditure on education by the Centre and states has increased at a blistering...
More »Global youth unemployment rate at all-time high, UN labour agency Reports
The global youth unemployment rate is at a record high and is expected to climb even higher as the year progresses, the United Nations International Labour Organization (ILO) announced today. According to a new report, of the world’s 620 million economically active youth between the ages of 15 and 24, 81 million were out of work at the end of 2009, the highest number ever. The youth unemployment rate climbed from 11.9...
More »How ‘rural' is India's agricultural credit? by Pallavi Chavan
One of the most intriguing features of India's agrarian economy in recent years is the persistence of agrarian distress in many regions, even while agricultural credit flow has risen sharply. Rising flow of credit to agriculture is normally associated with buoyancy in the farm sector. A closer look at the data on agricultural credit reveals that what is termed agricultural credit may have very little to do with agriculture, the...
More »Pawar: Report about rotting foodgrain an exaggeration
Did the Union food minister hide facts from Parliament on the rotting grains in India? On Friday, Sharad Pawar claimed that the media Reports of rotting of millions of tonnes of foodgrains are "quite exaggerated" while arguing that a master plan has been prepared to increase storage capacity. Replying to CPM member Brinda Karat during Question Hour in Rajya Sabha, Pawar said, "The statement which member made that millions of...
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