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3 out of 4 workers in India fall in vulnerable employment category: ILO

-Business Today Apparently it is not just jobless growth that we should be worrying about. Rather, according to a new report by the International Labour Organization (ILO), a far greater concern is the fact that vulnerable employment is on the rise. According to the World Employment and Social Outlook: Trends 2018 report, while the global unemployment rate is expected to stabilize at around 5.5% over the next couple of years, the...

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Rural youth prefer not to be farmers: Survey -Sayantan Bera

-Livemint.com Youth in rural India are often forced to work in their family farms, but they prefer joining the army or becoming engineers, teachers or nurses, the survey shows New Delhi: Youth in rural India are often forced to work in their family farms, but they prefer joining the army or becoming engineers, teachers or nurses, found a survey released last week. A large number of rural youth in the 14-18 year age...

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How government can double farmer incomes

-Livemint.com Farmers need structural reforms, crop diversification and greater public investment rather than subsidies and price support Indian agriculture has been relatively untouched by the structural reforms that lifted incomes in other parts of the economy. Low farm productivity meant that governments tried to improve the lot of farmers through price policy. The problem is that engineering a shift in the terms of trade through higher support prices usually leads to generalized...

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Forced formalisation is not healthy -C Rammanohar Reddy

-Business Standard The large informal sector is a consequence - not a cause - of the low level of development For decades, one of the central aims of economic policy in India has been to create conditions for workers to move from low- to high-income employment. This has usually implied a shift from the informal sector where productivity is low, to the formal sector where productivity is high. This process of “formalisation”...

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If it's a farm budget from Arun Jaitley, then it needs to be a smart one

-The Economic Times Finance Minister Arun Jaitley has given ample hint that Budget 2018 is going to be a farmer's Budget. Jaitley has said the agriculture sector is the top priority for the government because the country's economic growth is not justifiable and equitable unless the benefits were clear and evident in the farm sector. After launching options trading in guar seed on commodity exchange NCDEX yesterday, Jaitley said, "We see in...

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