-The Indian Express At a time when the NDA government's moves to prune spending on the Mahatma Gandhi National Rural Employment Guarantee Act and to limit its scope has brought the focus back on the gaps in the scheme's implementation, data with the Ministry of Rural Development show over 70 per cent Wages have not been paid on time under the scheme so far this financial year. As per a presentation made...
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Higher productivity equals higher Wages? Not for the Indian industrial worker -Prabhat Singh
-Livemint.com Real Wages have grown at an average 1% annually between 1983 and 2013 Industrial workers on the shop floor have got a raw deal through the economic boom of the past three decades. Their real Wages have grown far less than the growth in productivity. That flies in the face of the traditional economic assumption that the two move in tandem. The share of Wages in the net value added by...
More »Centre working on labour law changes -Somesh Jha
-Business Standard Working on clubbing all the 44 labour laws into five segments The Centre might take up changes to the Industrial Disputes Act on the lines of what the Rajasthan government recently did, sources said. The Union ministry has started work on clubbing all the 44 labour laws into five segments - industrial relations, Wages, social security, working conditions and welfare cess. Sources told Business Standard the views of stakeholders had been taken...
More »UN study predicts rising global unemployment due to slower growth, inequality, turbulence
-The United Nations An extra 10 million people worldwide are likely to be unemployed by 2019, a new United Nations report has said today, pointing to slower growth, widening inequalities and economic turbulence as reasons behind the trend. According to the World Employment and Social Outlook - Trends 2015 (WESO) report, released today by the International Labour Organisation (ILO), the next four years will see the total number of people out of...
More »Wealth of top 1% will be more than combined wealth of 99% by 2016: British charity
-AFP Paris: Wealth accumulated by the richest 1% will exceed that of the other 99% in 2016, the Oxfam charity said on Monday, ahead of the annual meeting of the world's most powerful at Davos, Switzerland. "The scale of global inequality is quite simply staggering and despite the issues shooting up the global agenda, the gap between the richest and the rest is widening fast," Oxfam executive director Winnie Byanyima said. The richest...
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