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Village households’ average assets in India at Rs 10 lakh

-PTI   Households in rural areas hold assets worth over Rs 10 lakh on average, less than half the holdings by those in cities, says a government survey. At the same time, villages account for higher proportion of families owning some physical and financial assets at 98 per cent, higher than 94 per cent in urban areas. "Around 98 per cent of rural households and around 94 per cent of urban households in India...

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Farmer suicides PIL: Supreme Court asks centre, state government to file responses -Prabhati Nayak Mishra

-DNA Concerned about the increasing numbers of farmer suicides in Maharashtra's drought-hit areas, the Supreme Court on Thursday sought a response from the centre and state on a PIL seeking compensation of Rs 25,000 per hectare to the farmers whose crops have failed. The bench headed by chief justice of India H L Dattu sought their response on the PIL filed by Rakesh Uttamchandra Upadhyay, a lawyer, highlighting the plight of the...

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Chocolate-coated prosperity -LN Revathy

-The Hindu Business Line   Cocoa has enriched the lifestyle of one lakh farmers in the four southern States When Cadbury India (now Mondelez India Foods Ltd) representatives approached Sabapathy, a coconut farmer at Sethumadai village, 16 km from Pollachi in Tamil Nadu, with some cocoa seedling to be raised as an intercrop in his coconut grove, Sabapathy says he was not interested at all. "They did not give up and I ultimately gave...

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Rise in global inequality

-The Hindu The findings from the latest International Labour Organisation report on real wages point to a mix of proactive initiatives and policy paralysis in different contexts. The study notes that continuing deceleration in the growth of global real wages and discriminatory pay gaps based on gender and nationality could sharpen household income inequalities. A most striking finding is that labour productivity growth outstripped increases in real wage between 1999 and...

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In developing world, higher education key to stable employment, says new UN report

-The United Nations Higher education is a prerequisite for millions of youth in the developing world who hope to find a decent, "non-vulnerable" job, a new United Nations study has established. The study, conducted by the International Labour Organization (ILO) and released today, surveys 28 countries worldwide and demonstrates that having a high level of education "serves as a fairly dependable guarantee" towards securing a formal job. "The report confirms the role of...

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