Contrary to the rising economic distress on the ground since the last few years, the official press release related to the fourth Annual Report on the Periodic Labour Force Survey (PLFS) at first glance seems to give a rosy picture about the employment situation in India.  Defined as the percentage of persons unemployed among the persons in the labour force, the unemployment rate in usual status (principal activity status + subsidiary economic activity status)...

-Livemint.com The government had to lower the import duty on edible oils several times in recent months to tame food inflation NEW DELHI: The government is set to launch an oilseed mission to boost domestic production of oilseeds and reduce import dependence, said NITI Aayog member, agriculture, Ramesh Chand. India currently makes around ₹1 trillion worth of edible oil imports every year or nearly half of its demand. The proposed scheme was devised after...

-Deccan Herald The triumvirate of structural, cyclical and policy implementation challenges all have a role to play in this undesirable outcome While India’s unemployment challenge has assumed a worrying proportion and is now being looked at as the most important headwind for the prospect of post-pandemic economic recovery, it was a long time in the making. The triumvirate of structural, cyclical and policy implementation challenges all have a role to play in this...

-Newsclick.in Three transformative steps could dramatically change this dire situation – provided Modi Govt. has the will to take them. Wage growth of households has declined from 8.2% in 2012-2016 to 5.7% in 2017-2021, according to a fresh study by a ratings agency. It will actually be even lower – around 1% - if inflation is taken into account. This slowing down of wage growth has happened in both rural and urban...

-The Telegraph Aquaculture is yet to see the kind of technological change that the agriculture sector underwent during the Green Revolution Fisheries is one of the fastest-growing sectors in the world that plays an important role in economic development as well as in facilitating nutrition security. Animal protein is a primary source of protein for billions of people and aquaculture provides for the livelihood of more than 10% of the global population....