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World Bank cuts India’s GDP forecast to 6.5%, but there's some Positive News too -Harshit Sabarwal

-Hindustan Times In its South Asia Economic Focus report released on Thursday, the World Bank said, “The spillovers from the Russia-Ukraine war and global monetary policy tightening will continue to weigh on India’s economic outlook.” The World Bank on Thursday downgraded India's GDP or gross domestic product to 6.5% for the fiscal year 2022-23 from an earlier estimate of 7.5%. In the previous year, the Indian economy grew by 8.7%. In its South...

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Quality of work matters, and not just job creation

Contrary to the rising economic distress on the ground since the last few years, the official press release related to the fourth Annual Report on the Periodic Labour Force Survey (PLFS) at first glance seems to give a rosy picture about the employment situation in India.  Defined as the percentage of persons unemployed among the persons in the labour force, the unemployment rate in usual status (principal activity status + subsidiary economic activity status)...

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50 million people worldwide in modern slavery

-Press release by International Labour Organisation dated 12 September, 2022 Latest estimates show that forced labour and forced marriage have increased significantly in the last five years, according to the International Labour Organization, Walk Free and the International Organization for Migration. GENEVA (ILO News): Fifty million people were living in modern slavery in 2021, according to the latest Global Estimates of Modern Slavery. Of these people, 28 million were in forced labour...

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Rajasthan launches 100-day job scheme for urban areas

-Hindustan Times Rajasthan chief minister Ashok Gehlot on Friday launched the ‘Indira Gandhi Urban Employment Scheme’ to provide 100 days of employment in a year to families residing in urban areas. Launching the programme at a state-level event in Ambedkar Bhawan, Gehlot termed it a “historic initiative”. He added that the new scheme was mirrored along the lines of MGNREGA, which was started during the UPA government’s tenure for employment in rural areas...

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Maharashtra Nutrition Month: Minister Says Government Positive On Anganwadi Workers Honorarium Hike

-PTI/ Livemint.com Rubal Agrawal, commissioner of state Women and Child Welfare department, said 'nutrition month' will be celebrated in all 1.10 lakh anganwadis in the state from September 1 to 30. The fifth state level 'nutrition month' programme was launched on Thursday in Thane by Maharashtra Women and Child Development Minister Mangal Prabhat Lodha. He said the state government was positive about increasing the honorarium of anganwadi workers and a decision would...

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