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)...

-Press release by Oxfam India dated 15 September 2022 New Delhi: Oxfam India’s latest ‘India Discrimination Report 2022’ finds women in India despite their same educational qualification and work experience as men will be discriminated in the labour market due to societal and employers’ prejudices. The academically recognised statistical model applied in the India Discrimination Report is now able to quantify the discrimination women face in the labour market. The lower...

-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...

-Press release by Freedom from Bondage movement dated 6 September, 2022 New Delhi: As we mark #75thIndependenceDay & #AzadiKaAmritMahotsav, thousands of people who have been evicted from their homes in slums, Jhuggies, settlement colonies and informal sector workers who have been denied their livelihood without any rehabilitation have gathered at Jantar Mantar to raise their voice against the “Bulldozer Raj”.  The government is forcibly snatching the land of poor Dalits and...

-Moneylife.in State Bank of India (SBI) has again refused to share the names of borrowers who owe Rs100 crore or more, even with its shareholder. Over the past nine years, from FY13-14 up to FY21-22, SBI has written off bad loans of over Rs145,248 crore of big defaulters, while recovering just over 13% from them.   SBI told social activist and shareholder Vivek Velankar, "The Bank is under statutory and regulatory obligations to...