The recent estimates of employment and unemployment from the 66th round (2009-10) of the National Sample Survey (NSS) belie any hopes that the Growth of the Indian economy between 2004-05 and 2009-10 has been inclusive. Employment has expanded by only a million jobs during this period. Not only is this lowest ever Growth recorded in any such period, the fact that it occurred during the period of highest Growth in...
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A better Land Acquisition Bill
-The Hindu The longstanding demand to correct anomalies in the Land Acquisition Act (1894) and check its misuse, and the impending Uttar Pradesh Assembly election have compelled the United Progressive Alliance government to come up with a much-improved piece of legislation. In speedily reshaping the proposed Land Acquisition, Rehabilitation and Resettlement Bill, which has been placed in the public domain as part of a pre-legislative consultative process, Jairam Ramesh, the new...
More »Bank correspondent model for NREGA closer to reality by Devika Banerji & Dheeraj Tiwari
The Centre is likely to ask states to devote 2% of the funds allocated to them under its flagship rural employment guarantee scheme for providing easy banking services to the rural poor. A funding crisis had hit the government's earlier effort to leverage the banking correspondent, or BC, model for the beneficiaries of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) after banks refused to bear the cost of...
More »Indian tax plans condemned by mining companies by Suvojit Bagchi
Mining firms have criticised the Indian government's decision to make them pay more tax to help develop tribal areas affected by the Maoist uprising. Various trade associations have denounced the bill, under which firms will pay upto 26% extra tax on profits. The new legislation is to be introduced during the new parliamentary session which started on Monday. Maoist rebels say they are fighting for the rights of indigenous tribal people and the...
More »Opposition corners UPA on price rise in Parliament
-The Times of India The BJP-led Opposition on Wednesday launched its attack on the UPA government over the issue of price rise in Lok Sabha. Opening the debate, BJP leader Yashwant Sinha said that the BJP did not want the Growth of economy if poor were dying of hunger. "Price rise is the worst kind of taxation on poor. The government should take immediate measures to check price rise" Sinha said. Continuing the...
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