-Livemint.com Preference for government jobs is highest among college-educated rural youth, a segment seen at the forefront of recent agitations for quotas, shows analysis In one of the largest such exercises ever conducted in the world, millions of applicants are appearing this month for an online recruitment test conducted by the Indian Railways. The Railways Recruitment Board (RRB) has received more than 24 million applications for roughly 120,000 vacancies in the organization. Most...
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Rural wage growth killed by demonetisation; fell from 11% to mere 0.45% in last 3 years, shows Ind-Ra data -Pragya Srivastava
-The Financial Express India’s rural wage growth has slumped from an average of 11% in the financial years 2013-15 to a mere 0.45% in the financial years 2016-18, due to the negative impact of demonetisation, a report said. An analysis of 25 different occupations in rural areas by India Ratings showed that rural wage growth slumped to decimal points from double-digit in last three years despite government support. India Ratings noted that...
More »EPFO revises down payroll numbers by 12% for September-May period -Somesh Jha
-Business Standard The payroll data has been revised downwards for each of the nine months between September 2017 and May this year New Delhi: The net enrolment numbers released by the Employees’ Provident Fund Organisation (EPFO) has been revised down by 12.4 per cent for the September-May period, from an earlier estimate of 4.5 million to 3.9 million. The payroll count in June rose by 24 per cent to 793,308. The net enrolment...
More »ILO Wage Report Paints a Sorry Picture of Economic Inequalities in India -Anumeha Yadav
-TheWire.in Real average daily wages improved between 1993-94 and 2011-12, but gains of growth have bypassed casual workers, women and rural areas. Over the past two decades, India became one of the two fastest growing economies in the world, alongside China. The gross domestic product (GDP) has risen four folds since 1993. But has this growth been distributed to lower economic inequality? Has the increase in wages matched the pace of growth...
More »Congress uses revised GDP data to defend UPA's economic record -Anuja
-Livemint.com The UPA delivered the highest decadal growth (8.13% at factor cost) since India acquired independence and handed over an Indian economy on the upswing in 2014, says former finance minister P. Chidambaram New Delhi: The Congress on Sunday defended the record of the United Progressive Alliance (UPA) on the basis of recently published back series data on gross domestic product (GDP). At a press conference today, former finance minister P. Chidambaram...
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