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Worse, but also better

When the Reddy brothers, accused of illegal mining, demonstrate their grip over a state government, most people will rightly bemoan the role that corruption plays in public life. However, vital as it is to tackle the issue, it is also important to view it in perspective. Most people would not have realised, for instance, that India has been improving on at least one corruption score. Transparency International, the Berlin-based body,...

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Proposal called for doubling NREG man-days, Finance said no by Gunjan Pradhan Sinha

The Finance Ministry has turned down a proposal for doubling the number of employment days guaranteed to below poverty line people under the Mahatma Gandhi National Rural employment Guarantee Act (NREGA). The Rural Development Ministry had proposed doubling the minimum days for employment from 100 to 200 days and also called for linking the wage rate to the annual inflation rate. “The Ministry had written to us asking for funds to...

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Poverty haunts India's economic miracle

When flames from an open cooking fire raced through Fida Hussein's shack in northern India, it was a disaster for him and his poverty-stricken family. "We have nothing," said Hussein as he stood in the ruins of his hut through which the sky could be seen between the burnt roof timbers in a remote corner of Uttar Pradesh, India's most populous state. India's number of millionaires grew by 51 percent...

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Wages of neglect

The mainstream projections about India’s economic trajectory talk of how the country’s GDP will exceed that of Japan (whose economy today is more than thrice India’s size) by 2020. A large part of this sustained growth, it is assumed, will come from what is called the demographic dividend. India’s young and growing workforce, the standard argument goes, will ensure that the country’s wage rates keep it competitive for a long...

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UN calls for urgent action to tackle rising youth unemployment

The United Nations labour agency is calling for urgent action to tackle the crisis of youth unemployment, which has increased significantly in the wake of the global economic slowdown and has repercussions for the economy as well as social cohesion. Young people – those aged 15 to 24 – account for over 22 per cent of the increase in the number of unemployed since the beginning of 2007 and is...

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