-Livemint The development economist on the Modi government's initiatives and his stand on them, and MGNREGS The Narendra Modi-led government should consider replacing inefficient subsidies with a basic monthly income for all citizens, says Pranab Bardhan , emeritus professor of economics at the University of California at Berkeley. Bardhan, who recently sparred with economists Jagdish Bhagwati and Arvind Panagariya in a debate over the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS),...

Far from being dead and gone, slavery exists in many forms and is flourishing. A disturbing report on modern slavery compiles facts and figures and documents data about new forms of slavery all over the world. Even more disturbing is the fact that India figures in very high on slavery index. It says that almost 61% of those living in modern slavery are in 5 countries: India, China, Pakistan, Uzbekistan...

-Down to Earth Untimely rains have damaged cotton and soyabean crops all over the state As if prevailing drought-like situation and other natural calamities in 2014 were not enough, the low procurement prices for cotton produced in the state are set to destroy the agricultural economy of the state. The state government has started cotton procurement for the season at the dismal minimum support price (MSP) of Rs 4,050 per quintal. This, allegedly,...

-The Times of India NEW DELHI: Just days before the 2014-15 Union Budget, the government on Monday said it plans to amend the archaic Factories Act, 1948 - the first move in more than a decade to revamp labour laws. Most governments have avoided labour reforms for fear of a backlash from the politically powerful labour lobby. Companies have cited obsolete labour laws as a key hurdle for doing business and the...

-The Hindu   Since 2004-05, for the first time in the history of India, more workers have left agriculture for productive work in industry and services Higher than normal inflation, high current account deficit, a depreciating rupee and slowing GDP growth might hold true in recent times. However, when it comes to employment, the facts are quite different as between 2009-10 and 2011-12, non-agricultural employment grew rapidly. Between 1999-2000 and 2004-05, National Sample Survey...