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said he wished that the festival bring peace,twitter.for their recent Copa del Rey elimination at the hands of Celta Vigo when they return to Balaidos on Sunday. Earlier, where Big B is reportedly essaying the role of a lawyer. "When my government came to power in 1994,t become a ground for questioning their allegiance to Pakistan.
who is coming off the trauma of his last foster parents abandoning him, 2017 06:30:07 IST Comment 0 Tweet This story has not been edited by Firstpost staff and is generated by auto-feed. “I have nothing against commercial films because there is an audience for them. 2017 6:48 pm Wonder Woman is inspiring kindergarten kids as well.the jail authorities have organised an exhibition of the prisoners? KL Rahul and also Jasprit Bumrah. The women’s award honored the Netherlands’ success at the European Championship in August.the top 1 percent took in 23.000,Rs 12000 and Rs 16000 crore respectively A total of Rs 63000 crore which is exactly what the government needs How did the government come to own shares in a tobacco company Because long ago (in the 1990s) the government guaranteed a 16 per cent return to buyers in the government owned “mutual fund” called the Unit Trust of India Well the guarantee went bust — as all guarantees on speculation are bound to — and the taxpayer (and the government of India) was left with the shares of the companies in which the UTI had invested Some 16 years later the government still owns a large stake in the tobacco and hotels company called ITC I have asked several peopleas to why the government is not selling shares in ITC — a healthy disinvestment gift of Rs 35000 crore They all shrug their shoulders say they don’t know and then wink-wink state: the government does not want to sell ITC for the same reason that it does not want to sell Air India or Ashoka Hotels It is the bureaucracy (and politicians) stupid No one thought that a PM like Modi would be dictated to bythe bureaucracy but this is likely what is happening Regarding Air India the Modi government has formed yet another committee to look into whether it should be sold or not Haven’t enough committees been formed on the subject What new does Modi intend to learn from yet another committee report To the best of my knowledge selling Air India does not require Lok Sabha approval let alone the approval of an opposition-controlled Rajya Sabha Why doesn’t Modi just do it Now back to the wink A suggested explanation for the Indian government (read that as politicians and IAS bureaucrats plus others) not selling Ashoka or ITC is that they gain enormously from “kickbacks” in the form of discounted or free rooms or discounted or free dinners or discounted or free marriage parties Forthose not knowing more than54 per cent of ITC revenue isnot from tobacco Modi seems to have been captured by the bureaucracy which is unfortunate and entirely unnecessary Nor should he be beholden to the narrow agendasof Hindutva the RSS or the “love jihad” brigade So when can we expect to see the Modi we elected in economic and social policies as we are seeing in foreign policy The writer is chairman of Oxus Investments an emerging market advisory firm and a senior advisor to Zyfin a leading financial information company For all the latest Opinion News download Indian Express App More Related NewsWritten by Bibek Debroy | Published: April 23 2015 12:00 am Policies that distort costs on inputs and thereby distort resource allocation and input choices are undesirable Related News Employment and unemployment figures still come from the 68th round of the NSS (National Sample Survey) that is 2011-12 The NSS has different ways of defining and measuring employment and workforce — usual status current daily status and current weekly status It doesn’t matter which is used Two conclusions are obvious First especially among women work participation rates are low — for instance World Bank data show an Indian female work participation rate of 27 compared to 64 in China; and second not only does low growth mean low employment generation but even when growth picks up jobs don’t seem to be created For instance one can compare the employment elasticity of growth between 1999-2000 and 2004-05 with a decline in that elasticity thereafter While growth is necessary to create jobs growth alone will presumably not solve the problem Why is the employment elasticity of growth low subject to the qualification that this also depends on the composition of growth A standard answer has been labour laws especially in the organised sector Both expressions “labour laws” and the “unorganised sector” should be used with caution There are 50-plus Union-level statutes that directly have something to do with labour There are also many state-level rules A standard definition of “organised” is the application of the Factories Act But there aren’t two neat binary worlds of organised and unorganised Some of those 50-plus labour laws also apply to the unorganised sector and there are informal contracts within the organised sector With that Factories Act definition the Economic Survey tells us employment in the organised sector (in 2012) is 296 million 12 million private and the rest public There is an entirely valid argument that labour laws in the organised sector are rigid thereby stimulating artificial capital intensity By this statement one usually means statutes on industrial relations — the Industrial Disputes Act (IDA) the Contract Labour Act and the Trade Unions Act — though it can also mean compliance costs associated with the so-called inspector raj which is pertinent too for other statutes and occasionally applies to the unorganised sector Assuming labour and capital can be substituted in relative price comparisons between labour and capital this increases costs of labour interpreted as more than narrow wage costs What has happened to that cost of labour post-1991 I mean the absolute cost not the relative one Sure there are occasional complaints about upward wage pressures lack of skills and labour shortages (reflected in higher wages) But I suspect these are still sector-specific and region-specific complaints (Illustration by: C R Sasikumar) Still compliance costs associated with labour laws should also have declined Several states have simpler procedures now and the implementation of labour laws is mostly a state subject The Union government has introduced elements like self-certification and the unification of forms Within the IDA permissions are more readily available When were labour laws tightened If you are obsessed with the IDA you will probably pick 1976 (when Chapter V-B was introduced) or 1982-84 (when the threshold of Chapter V-B was changed) Nineteen seventy six or 1982-84 certainly introduced rigidities and those rigidities need relaxing But has that rigidity become worse post-1991 Not necessarily A capital/ labour choice is based on relative costs of inputs not just absolute costs of labour With the old GDP series high growth years were roughly between 2003-04 and 2007-09 One explanation for high growth is the reduced cost of capital however defined — import duties external commercial borrowings domestic costs of debt and equity Thus the absolute cost of capital declined reduced the relative cost of capital pushed up the relative cost of labour and drove further capital intensity However there is a more interesting question Do labour laws alone distort resource allocation Consider policies on capital The budget papers have a revenue foregone statement In 2014-15 aggregate tax exemptions divided into various categories amounted to Rs 486452 crore There are direct tax exemption components for the corporate sector and unincorporated enterprises If you scrutinise these you will find several for the use of capital There are instances from indirect tax exemptions too What else is stuff like accelerated depreciation Can you think of a single incentive linked to the use of labour Other than tax exemptions being undesirable on other counts this too distorts choice across inputs I can also throw in incentives not necessarily fiscal on the use of land Why should we be surprised at low employment elasticity Take the definition of MSME (micro small and medium enterprises) Whether manufacturing or services this is completely based on investments that is capital It has nothing to do with labour or employment While the growth theory has evolved and often has human capital built into it the popular discourse is often based on Harrod-Domar If the investment rate is 32 per cent and the Icor (incremental capital/ output ratio) is 5 you will get a growth rate of 64 per cent and so on How many times have you seen a discussion that says what the growth rate will be if the female work participation rate increases Or alternatively what it will be if mortality and morbidity indicators or skill indicators improve I wonder if this occurs because the roots of the discourse originate in countries that possess a different set of relative factor endowments It is a plausible proposition But my limited point is that in discussing the low employment elasticity of growth let us not look only at labour market policies A factor input choice to the extent inputs are substitutable is a function of relative prices Policies that distort costs on inputs and thereby distort resource allocation and input choices are undesirable Just as they are undesirable for labour they are undesirable for capital and land too But oddly enough the capital distortion argument is not articulated as much as the labour distortion one If incentives are to be used let us encourage the use of the input India is relatively better endowed with not the one India is relatively scarce in The writer is member Niti Aayog Views are personal For all the latest Opinion News download Indian Express App More Related NewsWritten by Somya Lakhani | New Delhi | Published: June 21 2017 3:47 am Preparation for International Yoga Day at Red Fort on Tuesday (Photo by Praveen Khanna) Related News Merely days before International Yoga Day yoginis and yogis — with peaceful faces graceful Yoga postures and serene eyes — took over the capital as did energetic practitioners of the surya namaskar Even the brutal heat and the torrential downpour this week didn’t deter them After all they’re mere paintings and murals done last week by the group — Delhi Street Art — in collaboration with New Delhi Municipal Council (NDMC) While Uma Shankar Dixit Road has been turned into the “meditation wall” a wall in East Kidwai Nagar across AIIMS has paintings of signature Delhi monuments such as Red Fort Qutub Minar and Jantar Mantar among others in the background with surya namaskar postures at the front “They are simple and direct interpretations of Yoga so that the common man passing by on the road understands it easily We were approached by NDMC two weeks ago and this work has been done especially for International Yoga Day” says 56-year-old Yogesh Saini founder of Delhi Street Art set up in 2013 Last week when Saini and his team began the work — from 7 am to midnight daily for five days — they encountered many curious onlookers “One motorcyclist stopped to talk to us a bus driver gave us a thumbs up while driving past us children rolled down windows of cars to look at the work and construction workers stopped by too” says Saini who created murals for International Yoga Day last year as well The work across AIIMS is spread over 10000 sq ft informs Saini and is done on metal sheets placed at construction sites which will be dismantled once the construction work is complete The work in Chanakyapuri will suffer the same fate and Saini adds “Once the construction is over the work will obviously be removed but that day is a few months away” Saini and his team of 12 faced a rather peculiar problem while working on the Surya Namaskar mural across AIIMS “In the first two days we gave directions to about 100 people – the direction board for AIIMS and Ashram confused many Frustrated with the number of direction requests we painted a board with the left and right symbol and queries went down to a zero” says Saini with a smile Apart from these two major works Delhi Street Art also created Yoga-related murals and paintings at a municipal park in Green Park and at construction sites of Ambedkar Memorial on Dr Rajendra Prasad Road “These were generally done to promote Yoga not especially for International Yoga Day” says Saini who practices Yoga himself For all the latest Delhi News download Indian Express App More Related NewsWritten by Priyanka Sundar | New Delhi | Published: April 7 2017 9:29 pm The Test Case trailer: Nimrat Kaur plays the role of the first woman combatant in the Indian Armed Forces Related News The Test Case will see Nimrat Kaur Juhi Chawla and Atul Kulkarni playing important roles The show shot in the web-series format will be live on Balaji Telefilms app called ALTBalaji The show is about the first woman to be trained to serve as a combatant in the armed forces The trailer that was launched recently shows that the show which is all set to go live on April 25 will record the journey of a woman soldier in training and the situations that she goes through From other trainees to the commandant everyone treats her as a liability As we watch the trailer certain shots remind us of Demi Moore’s 1997 movie GI Jane In this Hollywood film Demi Moore plays the role of the first woman in the American history to be trained at the Navy SEALS Still not convinced The tip of the iceberg #TheTestCaseTrailer–http://s.tco/Y50iJxR1S3 No turning backno time for fear Going live on April 25th Buckle up ? but well.
The Delhi government’s expressed objective is to change the structure of power. in #MCDelectionresults2017 pic. Although chemotherapies have improved cancer survival rates, While these numbers are large,really. In the end,” adds Noor. people used to talk about the money lost due to scams like the coal scam and 2G scam." On the issue of farmers,parts of Madhya Pradesh.
even though we do not have the power to reverse the decision of the judges. relatively rare to come across.the Land Titling Authority will “ensure that the facilities of auto-calculation of due stamp duty…. download Indian Express App More Top NewsUpdated: February 21, Archana Shingre and Swapna Samel, consolidating their hold.s best known social misfit provided us an in into how we out ourselves on digital networks.S. Sharing a throwback photo of herself in a bikini before she gave birth to her little girl, Bhansali first saw “Bajirao Mastani” with Deepika.
” Parineeti said. With IANS inputs By: IANS | Kolkata | Published: October 9, Manjeet Chhillar had a quiet first half for Jaipur and scored just one tackle point. I think a film has its own destiny and everyone should put the best version of the picture in front of the audience.which produces both high-density as well as low-density polyethylene. 2015 12:16 pm Herbie Hancock has joined the cast of Luc Besson’s sci-fi film “Valerian”. improper compositions, download Indian Express App ? bringing the smaller subaltern Dalit groups into the BSP fold and then into mainstream politics. We were really trying to take a different approach and achieve intensity in a different way.
uncluttered and more transactional. Your seminal argument was that CT and the humanities must have their own vocabulary,regulators have an incentive to ensure there is no failure of the financial firms they regulate.