-The Hindu Across the country, unless adequate jobs are created for the large labour force, the frustration of the youth is not likely to be contained. In Gujarat, the Patels or Patidars, who constitute about 15 per cent of the State’s population, are an economically and politically dominant upper caste. As successful farmers, as small and big industrialists, as traders as well as non-resident Gujaratis, spread practically all over the world, they...
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Looming crisis
-The Hindu The crisis-ridden textile sector, being labour-intensive, should have been an ideal candidate for a push as part of the Prime Minister’s pet ‘Make in India’ initiative, but as the issues it is mired in remain unresolved, and with losses mounting, the situation is grim. Nearly half of India’s power looms are at a standstill: the spinning industry in the northern and southern regions has pressed in shutdowns of as...
More »Is inequality in India here to stay? -Vamsi Vakulabharanam
-Al Jazeera Prime Minister Narendra Modi is unlikely to narrow the gap between Indian elites and the rest of the population India has experienced a significant economic growth spurt in recent decades. After seeing annual growth of 3 percent in the years after independence in 1947, the rate began to double, reaching a rate of around 6 percent per year after 1980. However, the distribution of growth proceeds has been very uneven...
More »Centre mulls universal health insurance product
-The Hindu Business Line Discussions are on with insurance companies: official New Delhi: The government is considering the launch of a universal health insurance product, a government official said, adding that the Department of Financial Services has already held discussions with insurance companies for the launch of such a product. The government is also considering ways to incentivise providers to encourage good health rather than hospitalisation. “So far, health schemes are pushing for hospitalisation...
More »Majority of powerlooms in Bhiwandi go on strike -Puja Mehra, Satish Nandgaonkar & Alok Deshpande
-The Hindu Industry seeks control on yarn prices, permission to export cloth Nearly three-fourths of the 9 lakh powerloom units in Maharashtra’s Bhiwandi have been on strike since Monday, leaving as many workers jobless and per-day losses of about Rs 150 crore, estimate textile industry associations. The strike has brought half of India’s powerloom sector to a halt, they say, since it comes over and above the production cutbacks in place since...
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