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Caste biases rife even in M&A deals in India, shows an IIM-B study -Arjun Srinivas

-Livemint.com * Company boards dominated by directors of the same caste tend to enter deals more often, shows an IIM-B study * These companies perform slightly worse in terms of returns than those who do not enter into same-caste deals New Delhi: The caste system pervades all spheres of Indian society. Caste biases still influence many aspects of the economy but the private corporate sector is generally perceived as an oasis of meritocracy...

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50 lakh jobs lost after demonetisation, youth worst hit

-IANS The report by Azim Premji University sugested that women were affected more than men. They have higher unemployment rates, as well as lower labour force participation rates. NEW DELHI: Nearly 50 lakh people in India lost their jobs between 2016-2018, a report said highlighting that the "beginning of the decline" coincided with demonetisation, although "no direct causal relationship could be established" between the trends. The report by Azim Premji University's titled State...

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50 lakh people lost job opportunities after demonetisation: study

-The Hindu The 'State of Working India' report, published by Azim Premji University, was released on Tuesday Since the November 8, 2016 demonetisation, at least five million people lost opportunities to work across the country, while the overall unemployment rate doubled between 2011 and 2018 to 6%, says a 'State of Working India' (SWI) report published by the Centre for Sustainable Employment (CSE) of the Azim Premji University (APU) that was released...

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Underemployment is the problem, not joblessness -Alok Ray

-The Hindu Business Line The dismal quality of graduates is impacting the job market. But even high skilled workers are finding the going tough A big controversy has erupted over job creation under the Modi regime —in particular, over whether the unemployment rate in 2017-18 is, in fact, the highest in four decades as CMIE data as well as the officially undisclosed but reported in the press NSSO data seem to indicate. Further,...

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'Make in India' has not eased manufacturing woes -Sneha Alexander

-Livemint.com * Despite its ambitious targets, NDA’s ‘Make in India’ has failed to improve investment, employment, and exports in India’s manufacturing sector * One area where this government has fared relatively better has been in attracting foreign direct investment (FDI) to the country MUMBAI: When the Bharatiya Janata Party (BJP) swept into power in 2014, one of its first acts was to launch the ‘Make in India’ initiative with the ambitious vow of...

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