The United Nations labour agency is calling for urgent action to tackle the crisis of youth unemployment, which has increased significantly in the wake of the global economic slowdown and has repercussions for the economy as well as social cohesion. Young people – those aged 15 to 24 – account for over 22 per cent of the increase in the number of unemployed since the beginning of 2007 and is...

One in four corporate titans worldwide view biodiversity loss as a threat to their business growth, according to a new United Nations-backed study released today. It found that more than half of chief executive officers surveyed in Latin America and 45 per cent of their counterparts in Africa see biodiversity decline as detrimental to profits, compared to less than 20 per cent in Western Europe. The publication also found that business...

The Union budget estimates the nominal rate of growth for the Indian economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...

Some of the poor states in the country that were the focus of the big-ticket National Rural Health Mission (NRHM) have actually ended up being discriminated against in the Central allocation as compared to funds released to some of the rich and efficient states that were already high on the basic health parameters. This has been found in a review of NRHM, the UPA government's most ambitious welfare scheme after...

The outcome of the Conference of Parties at Copenhagen is “good” but not “adequate,” R.K. Pachauri, chairperson of the Inter-governmental Panel on Climate Change, said on Wednesday. Talking to reporters here, he said the Copenhagen Accord provided a framework for working out a binding agreement, incorporating the details of the specific commitments by all countries, especially the developed nations. But it did not address the extent to which the developed nations...