Economy

Economy

HDI for India Suggests Good Days an Endless Wait

Reading Time: 3 minutesGood days’ have remained elusive for the majority of Indians because the major share of national income growth is going to sectors other than human development. The rich are the main beneficiary of the economic policies, while the common people continue to suffer. HDI index shows that India is progressing at snail’s pace in terms […]

Anti-Corruption Claims of Modi Govt. a Complete Sham

Reading Time: 4 minutesArun Jaitley has a lot of explaining to do over his meeting with Vijay Mallya in parliament and hair-splitting arguments whether it was ‘formal’ or ‘informal’ are beside the point. Piecing together various bits of available information, it is obvious that the fugitive billionaire left India with the knowledge of the finance minister, who could […]

Migrant Labour Issues Pose New Challenges to Labour Policy

Reading Time: 4 minutesWhile there is a policy vacuum at the Centre on migrant workers, Kerala offers a good model for how a state government should address the problems of incoming migrants and the Orissa government on addressing the issues of outgoing migrants. At the Central level, though the Aadhaar system has been in place for two years, […]

RCEP May End Up as Chinese Trade Trap for India

Reading Time: 4 minutesIndia is already reeling under the trade deficit with ASEAN + six countries in RCEP and China is the major contributor. Against this background, the major concern is spill over impact of RCEP after Chinese becomes assertive to find a new and big untapped market in India. A report for Different Truths. Concerns loom large […]

Raghuram Rajan was Taller Than Anyone in the Present Setup

Reading Time: 5 minutesFormer RBI Governor, Dr. Raghuram Rajan put up a spirited defence against the unjust accusation that the RBI created the NPA issue, stating that “the RBI is primarily a referee, not a player in the process of commercial lending”. Just as he had the foresight to forewarn the 2008 global financial crisis a couple of […]

Kerala CPI Demands Special Package

Reading Time: 2 minutesThe state executive in order to ensure that the reconstruction work is done in the best scientific way suiting the needs as well as the peculiarities of the locality namely soil, water content, etc, decided to hold a workshop involving experts in the country under the auspices of C Achyutha Menon Foundation at the earliest. […]

NABARD Financial Inclusion Survey Hides more than it Reveals

Reading Time: 5 minutesThe NABARD survey estimates the total number of rural households in India for 2016-17 at 21.17 crore. The definition of “rural” is a broad one, covering revenue villages and semi-urban centres with a population of less than 50,000. Out of the 21.17 crore rural households, 10.07 crore, or under 48 per cent, are “agricultural” — […]

Demonetisation: Who is Responsible for the Deaths of 100 Odd People in Queues?

Reading Time: 4 minutesNearly two years after that game changer announcement by the Prime Minister, the annual report of the Reserve Bank of India has come out with the data which nails each and every claim made by the Prime Minister about the objectives of the demonetisation and its eventual success. The RBI has to statutorily bring out […]

Greece Finally Ends its Bailout Phase: Many Questions Remain about Future of Economy

Reading Time: 5 minutesGreek Prime Minister Alexis Tsipras proclaimed in an overly extended image that Greece had ended its painful Odyssey of eight years of crisis, against the backdrop of the harbour to which Odysseus is held to have returned after a decade of tortuous voyage. Few in Greece were taken in by the theatrics and self-identification of […]

India Wage Report of ILO: Some Hits, Many Misses

Reading Time: 4 minutesThe ILO report estimates that the real average daily wages in India almost doubled between 1993–94 and 2011–12 but fails to mention that the Indian GDP quadrupled between 1991 and 2011. The report rightly highlights that average daily wages in urban areas remain more than twice as high as wages in rural areas but unfortunately, […]