-Live Mint High growth hasn’t led to more jobs  The years between 2004-05 and 2009-10 saw some of the highest rates of gross domestic product (GDP) growth for India. The problem, however, is that this high growth hasn’t led to more jobs. Employment elasticity—which is a measure of how employment varies with economic output—has come down dramatically. The Planning Commission says that employment elasticity has come down “from 0.44 in the first half...

-Live Mint Decline came as labour productivity grew 7.6%; wage growth remains far below pre-crisis levels globally  India’s real wages fell 1% between 2008 and 2011, while labour productivity grew 7.6% in the same period, International Labour Organization (ILO) data showed on Friday, indicating that the benefits of the country’s economic growth didn’t translate into better pay for workers in the aftermath of the global economic crisis. In contrast, China’s real wage growth...

-The Hindustan Times In an reply to a query under the Right to Information Act , the Union ministry of commerce and industry has admitted that it has no "specific information to furnish" regarding the Union government's claim in a newspaper advertisement that foreign direct investment (FDI) in retail would create over one crore jobs and that 50% of the total foreign investment would be in villages. A Bhopal-based advocate, NK Jain,...

-IPS News Doha: United Nations climate talks are on the edge of collapse Thursday, according to a coalition of civil society and representatives from half of the world’s countries. Once again, rich industrialised nations are putting nothing on the table in terms of increased emissions cuts and financial support for poor nations, said Celine Charveriat, director of advocacy and campaigns for Oxfam International. “This is just like WTO (World Trade Organisation) negotiations where...

-Tehelka Here are the gaping holes in the argument for FDI in retail. No smooth talk can pave over it TOUTED AS a cure-all for India’s economic ills, Foreign Direct Investment (FDI) in multi-brand retail is at best an anodyne, and at worst, toxic. It is an attempt to lift markets by fabricating sentiment; signalling an economic turnaround without any concrete steps being taken to trim the fiscal deficit or boost manufacturing. All...