-World Bank Blog The enormity of the global job-creation challenge is underscored in a comprehensive new analysis by the International Finance Corporation, which issued a wide-ranging Jobs Study at a recent IFC forum  on the urgency of the unemployment crisis. More than 200 million people are now unemployed worldwide – with another 1.5 billion people only marginally employed, and with an additional 2 billion working-age adults neither working nor seeking a...

-Live Mint Ministry wants UIDAI to be held liable for fake transactions, but the latter says that’s outside its mandate The transformation of India’s subsidy system to one in which cash is paid directly to the intended beneficiary is faced with a situation in which none of the various government agencies involved is willing to assume responsibility in cases of fraud, according to two people familiar with the development. The programme, the pilot...

-IANS The railway ministry has asked the rural development ministry to bring its projects in far-off and rural areas under the rural job guarantee scheme. "A number of our projects in railways, including regular maintenance, require unskilled labour forces. Most of such works are connected with earthwork, construction and maintenance of embankments, cuttings, trenching, filling, developing water ways and clearing vegetational growth," Railway Minister Pawan Kumar Bansal said in a letter to...

-The Hindu Effective spending, reworking the affiliation system and breaking academic bureaucracy are key to better universities Although Indian higher education suffers from many dysfunctionalities and the system overall is characterised by “pinnacles of excellence in a sea of mediocrity”, it does reasonably well by some international comparisons. Here are a few examples: — India is a global leader in terms of GDP spent by public and private sources on higher education. India...

-Live Mint The policy planners should be revisiting the fundamentals of the growth strategy India published a news story quoting from a research paper published by the Institute of Applied Manpower Research (IAMR) on the vexing issue of employment generation in the Indian economy. Referring to the compelling phase of unprecedented growth (when the average increase was 9%) in the latter half of the last decade, the IAMR study said, “Employment in...