-Livemint.com Thankfully, India is enjoying a demographic dividend that gives it greater leeway for deficit-financing The dominant consensus on the slowdown in India is that we have a demand problem. Lack of aggregate demand is a phrase that goes back to John Maynard Keynes. He is a ghost who reappears from time to time, however much one tries to bury him. Regardless of whether you are a Keynes devotee or not, his...
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Development matters, but so does identity -Rajeev Bhargava
-The Hindu Disturbing a federal system that protects the complexity of human identities could pave the way for conflict It is sometimes claimed that once ordinary people benefit from economic development, they automatically set aside issues related to their identity. Such a view was found not only in materialist theories that gave explanatory primacy in human life to economic factors but also among leaders of social and political movements. Nehru, for instance,...
More »Curious case of Mudra loan failure and disconnect of BJP's election winning machine -Prabhash K Dutta
-IndiaToday.in Total value of Mudra loans stood at Rs 5.57 lakh crore. Total number of employment generated from this amount stood at 1.12 crore. This means every single employment cost the government around Rs 5 lakh under Mudra Yojana. * PM Modi launched Mudra Yojana as a flagship job creation programme in 2015 * Recent reports say only 20 per cent Mudra loans led to fresh employment * Mudra Yojana Survey by Labour Ministry...
More »In Haryana, workers laid off from the automobile sector struggle to find new opportunities -Vijayta Lalwani
-Scroll.in Some of these workers had found temporary Jobs with political parties for the upcoming Haryana Assembly elections. Rahul Kumar Sharma, 22, worked in the welding department of an auto-component company in Manesar, Haryana, fixing nuts and bolts that would be later assembled to form a car door. He had joined the company in June 2017. The work hours were gruelling. For a nine-hour shift, he earned a monthly salary of Rs 9,765...
More »A fruitful time for migrant labourers -Sarita Brara
-The Hindu Business Line The apple season in Himachal Pradesh spells good earnings for workers from India and Nepal It is apple season in Himachal Pradesh — the time of the year when thousands of migrant labourers from Nepal, Bihar, Jharkhand, UP and Uttarakhand travel long distances to reach the apple belt of the State, hoping to earn hefty wages. From plucking, loading, grading, labelling and packaging apples, these workers fan out, from...
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