STOCK MARKET BSE NSE

'Spend on Poverty Alleviation'

Published: 24th July 2014 07:23 AM  |   Last Updated: 24th July 2014 07:33 AM   |  A+A-

Sampath

CHENNAI: Fruits of development had not reached all sections of Indian public, said eminent Economics author-professor Sampath Mukherjee during a lecture at the DG Vaishnav College on Tuesday.

“Development has both quantitative and qualitative sides. There has only been  0.2 per cent increase in the total number of jobs created in the organised sector since the reforms were made. And agriculture was neglected in the reform period,” said Mukherjee, a professor at St Xavier’s college, Kolkata, and a alumnus of London School of Economics.

He said that spending a fraction of the money spent by the government to host poverty conferences, on poverty alleviation would have yielded better results.

Taking a dig at the stock market, Mukherjee compared it to the Raj Kapoor film ‘Sapno ka Saudagar’. “Every man will have expectations and with expectations comes uncertainty. Stock markets make use of that,” he said, adding that luck was the most important variable in a person’s life.

He compared the present Central Government’s promise of providing employment to all to former Prime Minister Morarji Desai’s statements, and said that it would not be easy to create ‘full employment’ in a country like India.

Stay up to date on all the latest Chennai news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp