-AFP ILO says by 2018, about 215 million people worldwide are expected to be unemployed Geneva: Global unemployment climbed by five million people in 2013 to 202 million despite green shoots in the world economy, signalling a jobless recovery, the International Labour Organisation (ILO) said on Monday. Business activity is picking up but the misery of unemployment continues to pile up. "We continue to be on an upward trajectory in terms of unemployment in...
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Delhi govt. withdraws approval for FDI in retail -Vishal Kant and Puja Mehra
-The Hindu The policy reversal could impact Delhi's FDI-friendly image with the city's consumers being amongst the top spenders in the country. The Arvind Kejriwal-ruled Delhi government has decided to withdraw Foreign Direct Investment (FDI) in multibrand retail. On Monday, the Aam Aadmi Party (AAP) government informed the Centre of its decision to renege on its predecessor, the Sheila Dikshit dispensation's approval of the policy. Monday's policy reversal could impact Delhi's FDI-friendly image....
More »Salaam Mumbai! -Anupama Katakam
-Frontline A report by ActionAid and the Tata Institute of Social Sciences highlights the vulnerability and tragic living conditions of thousands of children who take shelter in Mumbai's streets. IN 1988, the acclaimed film-maker Mira Nair made Salaam Bombay!, a poignantly revealing film on street children in Mumbai. The plot revolves around the protagonist, Krishna or "Chaipau", who is kicked out of his home by his mother for having damaged his...
More »India’s fiction of victory at Bali - Biraj Patnaik
-Live Mint By giving in to pressure from the US and EU, India has landed itself and the developing world in a bad trade deal The stenographic cacophony in the Indian media had a singular triumphalist message from the ninth World Trade Organization (WTO) ministerial meet in Bali: India had secured a major victory by safeguarding its food security programme and stood its ground against the US and the European Union...
More »One out of three young graduates unemployed in India: Labour Ministry
-PTI In what would surely come as intriguing information for policy-makers, a Labour Ministry survey has found that with an increase in education levels in the country, the unemployment rate was also increasing across age groups. One out of every three persons in the age group 15 to 29 years who have completed at least their graduation has been found to be unemployed in the report on 'Youth employment- unemployment scenario, 2012-13'...
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