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Messing with a good thing -Pramathesh Ambasta

-The Financial Express MGNREGA must be tweaked in implementation, not design. Before his tragic demise, the Union minister for rural development, Gopinath Munde, gave a clear indication of the new government's priorities on MGNREGA. Both these priorities are vital: using the programme for the creation of productive assets to combat drought and poverty and ensuring timely payment of wages. More than two decades of liberalisation and high economic growth have left India...

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The 47 million

-The Business Standard   Why Indian unemployment figures puzzle many Census data released on Tuesday contained a shocking piece of information: that 47 million young Indians, under the age of 24, were jobless, and looking for work. That's 20 per cent of the youth population. This is hard data confirming a fact that has long been anecdotal: that India has a jobs crisis. The picture that emerges from the Census data is intriguing:...

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Link between Food Price Inflation and Rural Wage Dynamics -Atulan Guha and Ashutosh Kr Tripathi

-Economic and Political Weekly     In exploring the link between food price inflation and rising rural Real Wages, this paper examines the dynamic relations between rural wages in different sectors and the relationship these wages share with increasing food prices. It looks into the possibility of a Lewsian transformation causing an increase in real rural wages, but the result of the analysis suggests that the rise in wages is because of an...

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Farmers' union threatens stir over move to amend land acquisition Act -Jyotika Sood

-Down to Earth There is speculation that provisions relating to 'fair compensation' may be tinkered with The Modi-government's move to amend the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (the new land acquisition Act) has drawn flak from the country's largest farmers' organisation, Bharatiya Kisan Union (BKU). The law was implemented from January this year. In a press statement issued Wednesday, BKU chief Rakesh Tikait said media reports...

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India’s Informal Economy: 400 Million Strong, Little Or No Access To Workplace Benefits -Angelo Young

-International Business Times   Consider this: There are 400 million Indians with no access to workplace benefits, such as social security, health insurance or unemployment insurance, a number higher than the population of the United States and Canada combined, according to a Delhi-based group of economic researchers. So, as the United States grapples with growing income inequality, it takes a country like India to put some of those economic and working realities into...

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