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Kathalguri Tea Estate labours under a Marxian delusion
The Kathalguri Tea Estate in the Dooars, is now closed. Situated 40 km from Jalpaiguri, on the India-Bhutan border, it was a big garden with more than 1,200 acres of plantation and 1,479 workers. The annual output of the garden used to be 12 million kg of processed tea and sources in the Dooars Branch of the Indian Tea Association say it could have yielded up to 16 million kg of tea if it had been run properly..

Maharashtra MLAs leaves leadership decision to Sonia
After storming back to power, the Congress Legislature Party (CLP) in Maharashtra on Saturday authorised party chief Sonia Gandhi to choose its new leader who will be the chief minister, senior party leader A K Antony said.

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Ban on entry load: Funds raise upfront fees, trail commissions
With entry load on all mutual funds banned from August 1, fund houses are finding different ways to pay distributors for promoting their schemes.
International Business

Sunil Jain: Labour's litany

If policy-makers are worried about employment, it is not without good reason. Even though employment growth is rising, labour intensity is falling, suggesting that the growth is not as permanent as you"d like. The usual policy response to this would be to give a boost to traditional labour-intensive industry but, as a paper by Deb Kusum Das, Deepika Wadhwa and Gunajit Kalita (all at ICRIER) brings out, labour intensity levels have gone down quite dramatically in even traditionally labour-intensive industries. - Sunil Jain: The 3Rs and recession">Sunil Jain: The 3Rs and recession - Sunil Jain: 'Contracting' growth">Sunil Jain: 'Contracting' growth In their sample of 97 industries with an average labour intensity of 0.26, they categorised 31 as labour-intensive. In these industries, labour intensity fell by around half, from 0.63 in the 1990-91 to 1995-96 period and the 2000-01 to 2003-04 period. This took place, interestingly, at a time when labour productivity was actually rising (even more than the rise in wages in the second period) and capital productivity falling (see graphic) — in other words, capital has substituted labour for no apparent economic reason. And, mind you, this is taking place in the industries that are not associated with big (read bad) business trying to squeeze labour. This should make both labour activists and politicians think long and hard.


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