-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...
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Get over the growth fetish -Ashish Kothari
-The Hindu Business Line Perpetual growth is a piece of nonsense. The focus should be on protecting livelihoods through sustainable means Construct a building, demolish it, reconstruct, break it down again, and go on repeating this meaningless exercise. You will have economic growth, as currently measured. But no net gain in employment during the endless cycle of construction and demolition, no net increase in productive capacity, and no appreciable change in poverty...
More »Bihar records highest dip in poverty ratio -Chetan Chauhan
-The Hindustan Times In what could be a relief to Janata Dal (United) leader Nitish Kumar, the C Rangarajan panel on poverty estimation report has said that in Bihar the poverty ratios dipped by over one-third in just two years between 2009-10 and 2011-12 - much greater than any other state in India. Kumar had resigned as Bihar chief minister after receiving drubbing at the hands of the BJP-led...
More »Rangarajan defends poverty estimates
-PTI The expert group headed by the former PMEAC Chairman estimated that the number of poor in India was much higher in 2011-12 at 29.5 % of the population Defending his calculation that three out of 10 in India are poor, former PMEAC Chairman C Rangarajan on Monday said poverty numbers provided by him are not conservative estimates and they are at par with global standards. The expert group headed by Dr. Rangarajan...
More »C Rangarajan, Former chairman-PM's Economic Advisory Council speaks to Indivjal Dhasmana
-The Business Standard C Rangarajan, former head of the former Prime Minister's Economic Advisory Council, answers questions on the latest official poverty estimate by a committee he'd chaired. Edited excerpts of a talk with Indivjal Dhasmana: * Your panel has suggested these poverty lines be delinked from social welfare schemes. What would be the exercise's relevance? Is it of only academic interest? Poverty ratios have already been delinked from various social programmes. The...
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