-The Hindu The pursuit of full employment of labour cannot primarily rely on domestic private investment, much less FDI. Only public investment will steady us in the long run. We are increasingly told that the inflow of capital — particularly the foreign direct investment (FDI) variety — increases employment levels and contributes to economic growth. In a rare interview given to The Wall Street Journal in May, Prime Minister Narendra Modi reinforced...

-The Hindu India is the only large country that is experiencing an economic divergence among its States. “Real freedom lies in economic freedom,” said Tamil Nadu Chief Minister Jayalalithaa, in her Independence Day speech this year. The subtle reference here was to the Goods and Services Tax (GST) Bill, which her party, the All India Anna Dravida Munnetra Kazhagam, did not endorse, the only political party to do so in Parliament, on...

-The Telegraph New Delhi: India's regulatory body for medical education, beleaguered by allegations of corruption and performance failures, today announced plans to create a digital register of doctors across the country and track ghost, or fake, faculty in medical colleges. The Medical Council of India (MCI) will update its national register of medical practitioners within six months and use a computer network to monitor in real time the daily attendance patterns of...

-The Hindu  The latest inflation readings based on the Wholesale Price Index and the Consumer Price Index are a cause for concern. While the annual gain in wholesale prices hit a 23-month high of 3.55 per cent in July, retail inflation quickened past the Centre’s new Monetary Policy Framework’s upper limit for tolerance to 6.07 per cent. Food costs — a key component in both indices — were the main culprit....

-The Hindu Kerala today is not generating enough jobs to meet the expectations of educated Keralites entering the labour market. Changing this is vital and doable Kerala’s development model is in focus yet again as the newly elected Left Democratic Front government is in the process of evolving a vision for the State’s economy. On the one hand, Kerala has made spectacular achievements in land reforms, education, and health since its formation. Amartya...