Gujarat, the home state of Prime Minister Narendra Modi and portrayed as 'growth engine' of India has witnessed a steep fall in new investments for the second quarter of 2014-15 compared to the first quarter of the same fiscal.
The key to job creation is to increase labour participation - draw more people into the labour force and to provide them formal jobs in the organised sectors. Self-employment is not job creation, says, Mahesh Vyas.
Given the rapid changes in the Indian labour market, there is an urgent need to have current, accurate and publicly available data through regular, dynamic and comprehensive surveys. Indeed, this was the intention behind constituting the NITI Aayog Task Force on Improving Employment Data. The attempts by the government to "improve" labour data has actually made it worse, say Rosa Abraham, Janaki Shibu & Rajendran Narayanan.
Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy
Each of the larger states may need less than Rs 10,000 crore each to finance the exercise.
The Union Budget seems to have elicited a starkly opposite view from rural India compared to urbanites, says Mahesh Vyas.
Hopefully, the small recovery in the labour force and employment seen in the September-December 2017 wave will gather momentum in the coming waves, says Mahesh Vyas.The challenge, says Mahesh Vyas, is to find the corresponding jobs for these aspirants.
The biggest worry is not the shrinking of the labour market, but the collapse of good jobs.
'It does not look like unemployment is a priority for the government.' 'If there was one external factor which could have made an impact on low investment and low jobs, it was the Budget and it has not made any difference.' '2020 is going to be a difficult and challenging year.'
The joint secretary also said a high-level task force to work on frontiers of science related to vaccines and drug testing was formed on Sunday.
'It could take 12 months or more for hiring to get back on track.' 'New opportunities would come up and there will be demand for skillsets that can help dealing with the current situation.'
The report was presented to Railway Minister D V Sadananda Gowda.
Sticky labour laws and a difficult business environment have led to employers shifting their new hiring in favour of contract labour where social security is much lesser, says Mahesh Vyas.
Nearly 31 million Indians are unemployed and looking for jobs. While economic growth has been humming along, the pace of job creation has been poor. A revealing excerpt from Dev Kar's India: Still A Shackled Giant.
As of the week ended July 2017, the unemployment rate was 3.1 per cent. This is the lowest unemployment rate recorded. Rural unemployment was also very low at 2.8 per cent.
With the government claiming that the economy has been growing robustly and the Opposition refuting these claims, the common man is none the wiser, says Rajeev Sharma.
The lockdown should have been used to drum into Indians' head the reasons for social distancing and the necessity for it, and the costs of not applying it in our daily lives and it should have been used to set up the systems that would manage large numbers of infected, observes Mihir S Sharma.
Kerala, Karnataka, Tamil Nadu and Telangana have announced a lockdown of educational institutions, malls and other places that attract people in large numbers, even as some of them have been reporting increase in positive cases.
It is necessary that at least three million additional jobs (if not more) are created every year to ensure that there isn't an increase in the stock of unemployed, says Mahesh Vyas.
The Budget will obviously be crucial. But US President Donald Trump may have even more of an influence than Finance Minister Arun Jaitley when it comes to sentiment, argues Devangshu Datta.
According to a study by the medical journal, the Lancet, air pollution has emerged as the deadliest form of pollution and the fourth leading risk factor for premature deaths worldwide.
Slowdown persists in China. India's GDP estimates for 2015-16 are liable to be pared; projections for 2016-17 are lacklustre.
In a televised address to the nation, Singapore Prime Minister Lee said the government was committed to do its "utmost" to keep the deadly virus at bay.
'India should start leveraging rather than banning crypto.'
Modi placed a $12.6 billion bet in this year's budget on road building
Available evidence suggests that we are on the way to a very costly failure of the current demonetisation scheme, says M R Narayana.
Even if the same party returns to power, what is important to debate is that having introduced an entitlement, how challenging it is to reverse such decisions, says Mukesh Butani.
Private firms will have to maintain a minimum net addition to their workforce each month from October this year to June 2021 to get the Employees' Provident Fund subsidy for the new recruits.
'For around five hours the storm, reportedly the strongest one ever recorded in the Bay of Bengal, that mother of many a deathly vortex, shook Kolkata like a toddler playing with a rattling toy,' observes Debashish Chatterjee.
'The Modi government is about privatising profits and nationalising losses.'
Is the XUV700 just a facelifted XUV500 or is it a completely new breed in the vast range of SUVs available today? Rajesh Karkera takes the latest offering from the Mahindra stable for a spin to find out.
Grand plan: 10% GDP growth; 175 million jobs; $10-trillion economy
The United States leads the world with more than 1.6 million confirmed coronavirus cases, according to a tally by Johns Hopkins University.
Snooping is one of the oldest peccadilloes of man, observes Ambassador M K Bhadrakumar.
India is currently under the 21-day lockdown since March 25, with only essential services exempted to contain the fast-spreading virus.
Even after five decades of use, the telescope at Ooty that Dr Govind Swarup designed and built continues to be the largest single frequency radio telescope in the world.
'We are having an outsize impact not only on the lives of the customers and livelihood, but also the economy of India.'
Indians at large harbour a notion that their country is cherrypicking out of the American basket of goodies, but the policymakers in Delhi and the political leadership are well aware that it can only be a pipe dream since a military alliance with a superpower is a profound irrevocable commitment, observes Ambassador M K Bhadrakumar.
Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.
Noted economist Arvind Subramanian is favoured as the choice for the government's Chief Economic Advisor (CEA).
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