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Surveying India's unemployment numbers -Mahesh Vyas

-The Hindu India’s labour participation rate, very low by world standards, fell sharply after demonetisation. Women bore the brunt Monthly measurement of the unemployment rate is one of the requirements of the Special Data Dissemination Standard (SDDS) of the International Monetary Fund (IMF). The SDDS — India was one of the early signatories —was established in 1996 to help countries access the international capital markets by providing adequate economic and financial information...

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Dharavi Small Units on the Brink of Disaster -Amey Tirodkar

-The Hindu Known as world's largest slum, Dharavi has another less known but more important identity. It is one of the most industrious localities in Mumbai, with small units of leather, garment, plastic and even bakery shops. Post-demonetisation, this huge production house is facing acute financial stress. Rahul Ingale, 32, is depressed. Sitting in his shop in Shastri Nagar of Dharavi, Mumbai, Ingale, who deals in the leather market, is facing a...

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A costly short-term borrowing: Dip into small savings -Sunny Verma

-The Indian Express The NSSF collects funds through small savings schemes, such as Post Office Savings Account, National Savings Time Deposits, National Savings Recurring Deposits, National Savings Monthly Income Scheme. It is a costlier form of borrowing for the government as compared to market loans. New Delhi: AN INCREASED reliance on the National Small Savings Fund (NSSF) and issue of recapitalisation bonds has helped the government to improve its fiscal affairs...

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Government admits roster axe on tribal quota in teaching jobs -Basant Kumar Mohanty

-The Telegraph Review petition to be filed in Supreme Court against judgment that calls for department as unit for working out quotas The government on Thursday admitted before a parliamentary panel that the Scheduled Tribes would virtually be left without reservation in college and university teachers’ jobs if each department is considered the unit for calculating the quotas, as mandated by the courts. Human resource development ministry officials who appeared before the panel...

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No unemployment data Post-demonetisation: Labour Minister

-The Hindu Labour Minister replies to Parliament New Delhi: There is no data available on unemployment subsequent to the period of demonetisation, Labour Minister Santosh Gangwar told Parliament on Monday, in a written response to a question in the Lok Sabha. More than a third of the questions asked by Members of Parliament to the Labour Ministry on Monday were related to unemployment data. The Ministry held firmly to citing Labour Bureau surveys...

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