It is getting harder for jobseekers to return to gainful employment and for new entrants to find adequate jobs, says the ILO. THERE is little in the International Labour Organisation's (ILO) annual projection of job growth to cheer about. The year 2012 has been described as a year of stark reality. A third of the global workforce is currently unemployed or poor; that is, 200 million members of the 3.3-billion-strong global...

The power of judicial review envelopes natural resource distribution The tsunami created by the 2G spectrum judgments of the the Supreme Court last week has almost mopped up the ripples they made in the legal sphere. However, they deserve respectful consideration for their discussion on two hot issues that have been agitating public mind in recent years. The first is the nature and ownership of natural resources, like air waves and spectrum,...

The rural development ministry has mooted the idea of concurrent evaluation of welfare schemes. Rural development minister Jairam Ramesh has put forward a proposal to Prime Minister Manmohan Singh, outlining the proposed concurrent evaluation network to improve the efficiency and quality of outcomes of all rural development schemes.  The government's annual budget for rural development comes second only to defence. In the current fiscal, the ministry's allocation (including spend on drinking...

-The Economic Times   The IMF wants to increase its lending capacity by $1 trillion, to rescue distressed countries in the eurozone plus those hit by aftershocks from the eurozone.  But US is struggling with fiscal problems of its own, Japan now has the highest debt/GDP ratio in the world (over 200%), and Europe is moving into an austerity phase. Clearly, a significant chunk of the new trillion will have to come from...

-The Times of India   West Bengal chief minister Mamata Banerjee’s request for increased supply of urea as prices of nutrient based fertilizers are increasing has highlighted the challenges the Centre’s bid to reduce urea use and promote a more balanced product mix faces.  Arguing that farmers should not be asked to purchase costlier nutrient-based NPK (nitrogen, phosporus and potassium) fertilizer, Banerjee has asked Prime Minister Manmohan Singh for more urea for the...