-Newsclick.in Latest CMIE data shows that unemployment rate continues to steadily climb up even as PM Modi and his party try to divert attention by talking about air strikes and ‘national security’. If ever there was a case of “Nero fiddling while Rome was burning” then India today is the best example. The country is going through one of its worst jobs crisis, well documented by several surveys and confirmed by reports...
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NaMo TV is an illustration of how the model code is frozen in time -Arghya Sengupta
-The Telegraph The time for informality is over — the Election Commission’s stature requires legal heft When Winston Churchill stood for re-election as prime minister in 1945 after leading Britain to victory in the Second World War, few could have predicted his resounding defeat at the hustings. Churchill was the same fiery, belligerent and all-powerful leader inspiring awe amongst his countrymen. Yet the country had slowly but surely changed when nobody was...
More »50 Lakh People Have Lost Their Jobs Since the Demonetisation Exercise, Says Report -Deepa Balakrishnan
-News18.com The report states that women are much worse affected than men because they have higher unemployment rates as well as lower labour force participation rates. Bengaluru: India’s unemployment reached its highest at 6 per cent in 2018, double of what it was in the decade between 2000 and 2010. According to a report by Azim Premji University's Centre for Sustainable Employment, 50 lakh people lost their jobs after Narendra Modi’s...
More »The self-employment conundrum -Arindam Gupta
-The Telegraph Funding small entrepreneurs will require more bank loans, preferably collateral-free, which will generate more NPAs The government has been compelling banks to adopt a softer lending policy to promote self-employment. The Pradhan Mantri Mudra Yojana, launched in 2015, provides collateral-free loans to small entrepreneurs outside the farming sector in three categories: Rs 50,000 loan in the ‘Shishu’, Rs 5,00,000 in the ‘Kishore’ and Rs 10,00,000 in the ‘Tarun’ segments respectively....
More »Pathways to an income guarantee -Ram Singh
-The Hindu There is a compelling case for spending Rs. 3.6 lakh crore on the poor, but it must be done carefully The idea of a minimum income guarantee (MIG) has caught up with political parties. A MIG requires the government to pay the targeted set of citizens a fixed amount of money on a regular basis. With the promise of the Nyuntam Aay Yojana (NYAY) by the Congress party, it is...
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