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What can be done to address the demand drought in our economy? -Suresh Seshadri

nd drought. A lack of jobs, or even where jobs are available — like in the new or digitally enabled “gig” economy — a tenuousness about the incomes from such work, the abiding rural distress, widening inequality and, interestingly, in the opinion of some economists, even the Reserve Bank of India’s successful targeting of inflation are all cited as contributors. The view on inflation is compelling as its proponents conten

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Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)

This further led to a substantial increase in demand for MNREGA work. When the then Finance Minister (late Arun Jaitley) spoke of record Budget allocations to MNREGA, this was an acceptance of acute rural distress. We must remember that MNREGA is a demand-driven programme that people turn to when they have no other option. We recently learned that corporate investments fell from 7.5 per cent of GDP to just 2.7 per cent of GDP in the year after dem

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Adopt a green growth strategy to boost the sluggish automobile sector

k here to access  Annual Report 2018-19 of Ministry of Road Transport and Highways, please click here to access     Dip in tractor sales indicate further deepening of rural distress, News alert by Inclusive Media for Change dated 27th August, 2019, please click here to access Which one is a better indicator for depicting the problem of joblessness -- Proportion Unemployed Or Unemployment Rate?, News alert by Inclus

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Dip in tractor sales indicate further deepening of rural distress

supporters that rural demand has revived on account of adequate monsoon rainfall and higher minimum support prices for crops. Many economists and newspaper columnists also denied the existence of any rural distress. An alternative perspective, however, was also presented by rural economists like Dr. Himanshu who teaches at the prestigious Jawaharlal Nehru University in Delhi. He said that farm loan waivers announced in states like Punjab, Uttar Pra

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A reality check indicates that MSP set for 2019-20's kharif crops is not 1.5 times the 'C2' cost of production

t of production for most kharif crops during the last 6 agricultural years, News alert by Inclusive Media for Change dated 11 January, 2019, please click here to access    An answer to rural distress -Ashok Gulati & Shweta Saini, The Indian Express, 7 January, 2019, please click here to access  West Bengal: New schemes to provide Rs 2 lakh compensation for farmers' deaths, says Mamata Banerjee, Scroll.in, 31 December, 2018,

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Economic Survey's Call for MGNREGA to Become 'rural distress Indicator' a Nod to Jobs Crisis?

nal Rural Employment Guarantee Act (MGNREGA) following the demonetisation move of the government in 2016, the Economic Survey (released this July 4) has called for using the scheme as an indicator of rural distress.      “Demand for work under MGNREGA may be used to develop a real-time indicator of distress at the granular district/panchayat level,” the survey said. The survey noted that distress at the level of

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No sick leave, job rotation: India's gig workers are overworked, underpaid -Prachi Salve & Shreehari Paliath

when companies no longer hire directly and on permanent positions, but prefer to go via contracts, which enables them to hire and fire more easily, and cut back on perks and benefits. India faces rural distress-led migration and a four-decade-high unemployment rate of 6.1%, the Periodic Labour Force Survey conducted by the National Sample Survey Office (NSSO) between July 2017-June 2018, released May 31, 2019, said. The government had withheld thi

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Despite Narendra Modi's LPG push, household air pollution kills 8 lakh people -Prabhash K Dutta

* Modi government said it has distributed free LPG connections to 8 crore households Prime Minister Narendra Modi won a thumping majority in the Lok Sabha election dismissing all hullaballoo about rural distress and neglect of the poor. Analysts have credited Narendra Modi government's LPG scheme among other things for the BJP's return to power. The government claimed that it distributed more than 8 crore free LPG connections to the poor and Nar

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Safety Net That Works -Shonar Lala

In the run up to the elections, a plethora of redistributive programmes, including farm loan waivers, cash transfers and minimum income guarantees came to the forefront as campaigners sought to balm rural distress. Amongst these is a proposal to launch a revised NREGA 3.0, in which 150 days of employment would be guaranteed to the rural poor. Almost 15 years after it was enacted, the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA) stil

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Make up for lost time -Puja Mehra

alue added (GVA) growth is estimated at negative 0.1% and manufacturing GVA growth at 3.1% in the January-March quarter. The economy is struggling with an investments and a manufacturing slowdown, rural distress, unremunerative farm incomes, stagnating exports, a banking and financial mess and a jobs crisis. Sales figures from fast moving goods makers and continuing production cuts at car manufacturers confirm that consumption spending have slowed.

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