Here's the wonderful thing about the FDI-in-retail debate: never have struggling Indian farmers found so many champions. They've been crawling out of the woodwork. Foreign direct investment in retail may be on hold, but Hillary Clinton can stop worrying about Anand Sharma and Pranab Mukherjee. “How does (Commerce Minister) Sharma view India's current Foreign Direct Investment guidelines? Which sectors does he plan to open further? Why is he reluctant to open multi-brand...
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Youth in Asia Pacific face serious employment issues by Meena Menon
Mismatch between potential and experience confounds many a job-seeker, say managers Mun Ching Yap had gone as a journalist to an airline company to interview its executive official, but her excitement, passion and ability to learn earned her a job as the head of the company's strategic planning department. Ms. Mun, now a columnist and entrepreneur from Malaysia, was 28 years old then. “In Malaysia, the median age of the population is 27,...
More »The workforce misses the boat
-Live Mint Recent reports of the employment and unemployment surveys of National Sample Survey Organisation (NSSO) have confirmed the fear of Jobless growth during 2004-2010. This data has led to much debate, but the overwhelming consensus remains that the recent period of high gross domestic product (GDP) growth has not benefited the majority of workers. Although the debate is yet to settle, there have been arguments for looking at the data closely....
More »Nobody’s Property by Lola Nayar
How do you quantify happiness in a diverse nation like ours? Growth levels, value-based structural changes, what can affect it? Life is Elsewhere? Bhutan’s GNH: Based on the Buddhist doctrine of harmony with environment and fellow beings besides material comfort UNDP Human Development Report: Ranks nations on quality of life—adjusted real income, life expectancy, education etc World Values Survey: Started in 1995, it explores impact of social and political changes...
More »Jobs crisis could spark unrest: ILO by Larry Elliott
Coming months ‘crucial' The International Labour Organisation has warned that a jobs crisis caused by the slowdown in the global economy threatens a wave of widespread social unrest engulfing both rich and poor countries. Highlighting the darkening prospects for employment, the Geneva-based ILO said policymakers were running out of time to head off a double-dip recession in labour markets. “We have reached the moment of truth,” said Raymond Torres, director of the...
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