Economy

Get Wired 23/8: Jobless Growth, I&B Skirts Chauhan Issue, Dawood’s Wife, and More

Workers outside a Mumbai Mill. Credit: Harini Calamur, CC BY-NC-ND 2.0

Workers outside a Mumbai Mill. Credit: Harini Calamur, CC BY-NC-ND 2.0

Study reveals that 5 million jobs were lost during high economic growth period

An Assocham (Associated Chambers of Commerce India) study has revealed that as many as 5 million jobs in India were lost during the period of high economic growth between 2004-2010. The study has has raised questions about the correlation between job creation and high economic expansion. In addition, the study pointed out that over-emphasis on services and neglect of the manufacturing sector are mainly responsible for this “jobless growth” phenomenon. Census data revealed that the number of people seeking jobs grew annually at 2.23% between 2001 and 2011, but growth in actual employment was only 1.4%.

 

Three member I&B team steers clear of Chauhan discussion

The team that visited the FTII campus on Friday reportedly did not address the issue of the appointment of Gajendra Chauhan. Director Prashant Patharbe said that this “clearly indicates that the government isn’t keen on removing Chauhan. The government wants an end to the strike, but does not seem to be keen on removing Chauhan.” Chauhan himself seems confident that his removal is not on the cards. In a comment he said the I&B Ministry has made it clear that the central team was sent to Pune in connection with the assessment of students’ projects of 2008. “Therefore, it is clear that there was nothing about me…and I would be happy to take charge once the government gives me the nod.”

Government hikes onion minimum export price

The Indian government has decided to increase the minimum export price of onions further to US$ 700 per ton. The move is aimed at increasing the availability of onions in the domestic market said a government statement. The MEP was last increased from US$ 250 per ton to US$ 425 per ton on June 26th. C Viswanath, Consumer Affairs secretary will head a meeting on August 24 with various officials to review the action taken to keep the prices of onions in check.

Floods in Assam kill 7 and displace 65,000

The situation has worsened due to incessant rains across the north-eastern state. The Assam State Disaster Management Authority) said that two persons drowned on National Highway-31 in Dhubri district and two others died in Kokrajhar in the last 24 hours. Over 6.55 lakh persons have been affected in 1,417 villages across Dhemaji, Kokrajhar, Chirang, Lakhimpur, Tinsukia, Dibrugarh, Bongaigaon, Sivasagar, Sonitpur, Barpeta, Jorhat, Goalpara, Morigaon, Dhubri, Kamrup, Golaghat and Darrang districts. More than 57,500 hectares of crop areas are also under water.

Paswan rules out his his name for Bihar CM Nominee

“I would like to thank (BJP MP) Shatrughan Sinhaji. He is our well wisher from the beginning. We are like brothers. But, I have already said that I will remain in national politics and not go to the state,” said Lok Janashkti Party Chief Ram Vilas Paswan. He added that the NDA is unlikely to announce any chief ministerial candidate ahead of elections and that in the event of an NDA victory the candidate for the position of CM would be announced only after the polls.

Dawood’s wife allegedly answers phone call of TV reporter from India

On the day Hindustan Times published Dawood Ibrahim’s latest photograph, his family’s travel details and a telephone bill with a Karachi address, a TV news channel reportedly spoke to the fugitive gangster’s wife. Reports suggest that his wife answered the call, said that he was asleep and promptly hung up. According to a dossier prepared by India, Dawood has more than half a dozen residences in Pakistan, including one acquired two years ago in Karachi near the home of Bilawal Bhutto Zardari, the son of former Pakistan PM Benazir Bhutto. BJP MP and former home secretary RK Singh said the Nawaz Sharif government was too “uncivilised” to act on the dossier. This information comes at a time where bilateral talks between the National Security heads of both countries have just been cancelled.

BJP minority leader and son killed in Gujarat

The Gujarat police today said that BJP’s minority cell leader in Gujarat Iliyas Khan Pathan and his son were allegedly killed in a clash with a rival group. While Iliyas Khan was returning home last night, a group of his business rivals – allegedly led by Abbas Kachara – attacked him in the Subhash Nagar area of the city. Two people have been arrested for the events that transpired.

Fresh Earthquake hits Nepal

A fresh earthquake measuring 5.1 on the richter scale struck 89 km east of Kathmandu on Sunday. According to National Seismological Centre in Kathmandu, tremors were felt at around 2.47 pm (local time) with the epicentre being Dolakha, where it measured 7.3.

Serena Williams into final at Cincinnati

Despite not being in top form, world no 1 Serena Williams made it to the finals of the Cincinnati Masters after a 6-4, 6-3 win over Elina Svitolina. Williams was struggling with her serve throughout the match, but ultimately came out on top yet again in the tournament that serves as a precursor to the US Open.