-The Financial Express   The International Labour Organization has released a pessimistic report for the global jobs market in 2012 saying urgent attention is needed to create 600 million new jobs in the next 10 years. "Despite strenuous government efforts, the jobs crisis continues unabated, with one in three workers worldwide, or an estimated 1.1 billion people, either unemployed or living in poverty," said ILO director-general, Juan Somavia, in the Global Employment Trends...

-The United Nations   The world needs to create 600 million new jobs over the next decade to sustain economic growth and maintain social stability, the United Nations International Labour Organization (ILO) said in its annual report on global employment unveiled today. According to the report entitled ‘Global Employment Trends 2012: Preventing a deeper jobs crisis,’ the world faces the additional challenge of creating decent jobs for the estimated 900 million workers who...

-The Economic Times   The Supreme Court has refused to stay a recent Karnataka High Court verdict that has said the central government is liable to pay higher wages under the country's flagship rural employment programme in tandem with that of the state minimum wage rate. It has further asked the government to find a way to end the disparity between the wages paid under Mahatma Gandhi National Rural Employment Act (MGNREGA)...

Bench refuses to stay Karnataka High Court order In a major setback to the UPA government at the Centre, the Supreme Court on Monday refused to stay the Karnataka High Court order for payment of minimum wages to the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) workers and suggested that the government, instead of appearing adversarial, should resolve the issue through a consultative process. The only relief the government secured was...

Nobel laureate economist Joseph Stiglitz today said he was aware of the problems industry was facing in acquiring land in Bengal and suggested that government role in facilitating acquisition could help reduce the difficulty. “I talked to some people and they said it’s (land acquisition) a problem here,” said Stiglitz, a professor of economics at Columbia University, during an interaction with journalists. The former chief economist at the World Bank expressed his...