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The era of an unemployed India -Maya John

-The Hindu There are many indices of proof that seriously contradict the tall claims of employment generation in India Reports on and the visuals of the recent agitations by railway job applicants reveal a widespread problem of massive job insecurity among India’s youth. Alarming figures of unemployment have been recurrent even before the huge dislocation unleashed by lockdowns imposed in 2020-21 in the wake of the COVID-19 pandemic. Much before the pandemic,...

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MGNREGA: Wake-up call -TK Rajalakshmi

-Frontline.in A Parliamentary Standing Committee pulls up the Rural Development Ministry in its report on a “critical evaluation” of the MGNREGA and calls for more investment in the scheme. A Parliamentary Standing Committee report of the Ministry of Rural Development and Panchayati Raj, tabled in February, strongly recommends enhancing the budget for implementation of work under the Mahatma Gandhi National Rural Employment Guarantee Act, 2005, higher wage rates, and increasing the number...

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Kaushik Basu, currently teaching at Cornell University in the US, interviewed by Abhinav Singh (TheWeek.in)

-TheWeek.in Well-off are doing fine; stagflation confined to middle and lower-middle classes Kaushik Basu, former chief economic adviser to the government and former chief economist of the World Bank, is currently teaching at Cornell University in the US. In an exclusive interaction, he talks about the current challenges before the Indian economy and its future growth prospects. Excerpts: Q/ Is the Indian economy moving in the right direction? A/ The performance of the Indian...

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New EPFO accounts no proxy for new jobs -Santosh Mehrotra and Kingshuk Sarkar

-FinancialExpress.com Recent registrations cited as proof of job creation were mostly formalisation of existing jobs Defending the Centre’s record on employment, prime minister Narendra Modi, in a speech in Rajya Sabha, talked about the impressive net enrolment to Employment Provident Fund Organization (EPFO): during 2021, 1.20 crore beneficiaries were enrolled under EPF—about 65 lakh beneficiaries in the 18-25 age bracket, implying they are first-time entrants to the labour market. He connected the...

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The many layers of our unemployment problem -Himanshu

-Livemint.com We need long-term solutions as we also have plenty of joblessness that is disguised as employment Last month witnessed protests in several parts of north India by students who had appeared for the Non-Technical Popular Categories exam conducted by the Railway Recruitment Board. This was to fill up 35,000 posts for which 12.5 million candidates had applied. While the RRB’s decision to set up a committee to examine the issue may...

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