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Social Innovation and Job-Creation in India

The Indian economy today generates lesser employment than the number of job entrants in the market. It is estimated that over 30,000 young women and men enter the labour market each day in India, of whom less than half find employment in the current economic scenario1. If we continue to have such high rates of unemployment, it can lead to social problems of drug addiction and rising crime rates especially amongst the youth. Opportunity has become one of the most perplexing questions of our times. Job creation calls for innovation in social institutions.

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CSR Clause in the Companies Act: Four Years After

Clause 135 of the Indian Companies Act, 2013, or the CSR Clause came into effect from April 1, 2014. The practices have been studied by researchers and think tanks. Four years hence, this piece explores the impact and practice of the CSR Clause based on various analysis reports available in the public domain, from conversations with NGOs and from the experience of Tatas, a corporate group that has been practising CSR well before it was legislated (where the author led the sustainability function till August 2017).

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Green Enterprises - Creating Resource Efficiency and Jobs

India is today among the world’s most rapidly growing economies. It is also home to a population of working-age youth that constitutes one of the largest potential labour forces anywhere. This combination of factors has led many to believe that the ‘demographic dividend’ it produces will automatically drive our nation to the top of the global economic ladder within a few decades.

For this dividend not to become a ‘demographic disadvantage’, let alone a ‘demographic disaster’, several of our economic, sectoral and social policies will need radical change. Some of these changes have been steadily evolving since the grand liberalisation of 1991. These are self-evident and generally recognised by government and business leaders. Others are emerging, subsumed under the more recent concerns with raising the ‘ease of doing business’. While many of these are important and necessary, however, it is less well-understood that they are not at all sufficient.

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