-PTI The government approved on Wednesday a Rs 6,000-crore special package for textiles and apparel sector to create one crore new jobs in 3 years, attracting investments of $11 billion and generating $30 billion in exports. The measures approved include additional incentives for duty drawback scheme for garments, flexibility in labour laws to increase productivity as well as tax and production incentives for job creation in garment manufacturing. “Over the last few years, apparel...
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Pace of job growth slows to six-year low -Somesh Jha
-The Hindu July-September quarter usually sees more jobs added New jobs in eight labour-intensive industries fell to a six-year low in the first nine months of 2015 — with just 1.55 lakh new jobs being created compared to over three lakh jobs over the same period in 2013 and 2014, according to Labour Bureau data. Analysts said this was not a healthy sign, especially since the July-September quarter usually sees more jobs being...
More »For Bt’s sake, let’s have a strong watchdog -Yoginder K Alagh
-The Hindu Business Line The absence of a strong framework can hold up productivity improvements. But GEAC is better than having no regulator at all The clamour for the state to regulate (as against the powers of the legally mandated regulatory agency), field trials of bio-technology seeds for cotton and then mustard, is truly extraordinary. It has serious long-term consequences for the economy. The challenges to the Genetic Engineering Advisory Council’s powers to regulate the...
More »They don’t go to the field -Harish Damodaran
-The Indian Express There is a worrying dearth of Indian economists working on agriculture today. In his classic Money: Whence It Came, Where It Went, John Kenneth Galbraith observed how the economics profession had a well-defined order of precedence. At the top were the economic theorists and specialists in banking and finance. At the bottom of the hierarchy were agricultural economists. George F. Warren from Cornell University was even worse — a...
More »textiles Ministry alleges large-scale import of cheap jute bags -Devesh K Pandey
-The Hindu Cheap imported bags are sold as Indian to government agencies for a higher procurement price. The Union textiles Ministry has unearthed a major racket in large-scale import of cheap jute bags from Nepal and Bangladesh by Indian manufacturers, many of whom were supplying these to government agencies after putting their own seals. The Jute Packaging Materials (Compulsory Use in Packing Commodities) Act, 1987, mandates that jute bags supplied to government agencies...
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