A UN Habitat publication warns that inequalities and worsening informal settlements (read slums) could lead to widespread violence and chaos in the cities and towns of the world. The newly-released report titled “Planning Sustainable Cities: Global Report on Human Settlements 2009” says that with almost 200,000 new dwellers flooding into the world cities and towns each day, there is an urgent need to check the mushrooming of such settlements. The...
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Free Trade Agreement will benefit India: Scindia by Priscilla Jebaraj & Shyam Ranganathan
Concern over the domestic economy should not result in barriers on free trade, according to Union Minister of State for Commerce and Industry Jyotiraditya Scindia. While the country would benefit from opening itself up further to international competition, he promised that the interests of farmers and labour-intensive industries would be protected. In a discussion with journalists from The Hindu group on Wednesday, Mr. Scindia defended the Free Trade Agreement (FTA)...
More »Needed policies, not just promises
The Prime Minister’s Independence Day address to the nation was particularly disappointing this year. The Prime Minister has said, yet again, that "the country needs another Green Revolution". But what’s distressing is that his government has not even formulated a draft strategy for such a revolution in the last five years, let alone launch it. Why? Largely because the agriculture minister has not shown the slightest interest in a "Second...
More »Multiplier accelerator synergy in NREGA
The concepts of multiplier and accelerator borrowed from macroeconomic theory illuminate the enormous potential of NREGA and help set standards that it must be judged by. Over the last few months, just as the economy entered its current recessionary phase, the mainstream media, which till then had been uniformly unswerving in their antipathy to NREGA (National Rural Employment Guarantee Act), suddenly began to sing its praises. In all the gloom...
More »Unemployment
KEY TRENDS • In 2017-18, 24.8 percent of rural working-age men and 74.5 percent of rural working-age (viz. 15-59 years) women were not employed. In urban areas, 25.8 percent of working-age men and 80.2 percent of working-age women were not employed AB • Both the Periodic Labour Force Survey (PLFS) and the Consumer Pyramids Survey of the Centre for Monitoring the Indian Economy (CMIE-CPDX) report the overall unemployment rate to be around 6 per cent in 2018,...
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