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Private sector, ‘care economy’ will be key engines of job creation for next 5 years –UN report

-The United Nations Private sector services, such as business and administrative services, and real estate, as well as related industries, will employ more than a third of the global workforce over the next five years, according to new data released by the United Nations labour agency. "Service sector employment will remain the most dynamic with respect to job creation in the next five years," said Raymond Torres, a head researcher of...

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Indian companies spent only 1.4% on CSR; telecom, media contributions lowest: report -Sourjya Bhowmick

-The Hindustan Times At a time when global political and business leaders are discussing at the World Economic Forum in Davos ways to be more socially responsible and reduce social divide, a report says most Indian businesses lag behind in fulfilling their corporate social responsibility (CSR). According to the report published by German development aid agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GiZ) in collaboration with the Indian Institute of Corporate Affairs...

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Farmers’ Suicides and Fatal Politics -Vasanthi Srinivasan

-Kafila.org With depressing regularity, the newspapers have been reporting farmers' suicides in many states. Recently, P Sainath wrote on BBC that around 296,438 farmers have committed suicide since 1995. He also mentions that cash crop cultivators of cotton, sugar cane, vanilla, pepper, groundnut etc account for the bulk of those suicides. According to a PIL heard by the Supreme Court in December 2014, around 3146 farmers in Maharashtra have committed suicide...

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Govt data on inequality misleading

-The Times of India NEW DELHI: Inequality in South Asia is much more glaring than what government data shows because standard yardsticks of measuring income don't reveal the true picture, says a World Bank report 'Addressing Inequality in South Asia', released on Tuesday. For instance, the Gini coefficient - the standard measure to gauge income inequality - ranges from 0.28 to 0.40 in this region, suggesting a level of inequality much lower...

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Centre halves fund for job-guarantee scheme

-The Times of India MUMBAI: The Modi government's squeeze on the UPA's flagship MNREGA scheme is translating into dramatic fund cuts for Maharashtra, which has a BJP government. Compared to the last financial year till December, central funds to the rural job scheme have almost halved, data with the state government reveals. The MNREGA-among the largest job-creation programmes in the world-provides a social safety net for the rural poor. Under the scheme,...

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