The global youth unemployment rate is at a record high and is expected to climb even higher as the year progresses, the United Nations International Labour Organization (ILO) announced today. According to a new report, of the world’s 620 million economically active youth between the ages of 15 and 24, 81 million were out of work at the end of 2009, the highest number ever. The youth unemployment rate climbed from 11.9...
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Half of India’s population lives below the poverty line by Arun Kumar
According to a new Oxford University study, 55 percent of India’s population of 1.1 billion, or 645 million people, are living in poverty. Using a newly-developed index, the study found that about one-third of the world’s poor live in India. The Multidimensional Poverty Index (MPI) has been developed by the Oxford Poverty and Human Development Initiative and the United Nations Development Program (UNDP) as a more precise and comprehensive means of...
More »MPs contest figures on manual scavengers by Smita Gupta
Contesting government figures, several MPs on Monday stressed that the number of manual scavengers still left in the country was much higher than what was furnished by the Ministry of Social Justice and Empowerment — 1.17 lakh. At a meeting of the Parliamentary Consultative Committee attached to the Ministry, they pointed out that this figure did not square with the much larger number of proposals received by the Ministry of Housing...
More »Labouring for the Commonwealth Games by CP Surendran
Behind Delhi's radical makeover for the Commonwealth Games are 150,000 migrants labourers toiling hard to meet the October deadline. TOI-Crest gives this silent workforce a name and a face. Thirty-five-year old Vijay is from Sagar village in Madhya Pradesh. His thekedar, who makes regular trips to the villages to round up skilled and unskilled labourers, had told him he'd be working on the beautification of Delhi University roads under the...
More »Hernando de Soto interviewed by Shekhar Gupta on NDTV’s Walk the Talk
Peruvian economist Hernando de Soto turned classical capitalism on its head with his trickle-up theory: that if you create wealth at the bottom of the pyramid, it will find its way up. de Soto, president of the Institute for Liberty and Democracy, speaks to The Indian Express Editor-in-Chief Shekhar Gupta on NDTV’s Walk the Talk on the need for the poor to be able to participate in the global economy...
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