Labour Bureau has been conducting quick quarterly employment surveys in the selected sectors of the economy at the enterprise level to assess the impact of economic slowdown on employment in India. With a view to study the overall employment-unemployment situation in the country, Labour Bureau has now conducted its first national level household survey in 28 States/UT Except five North Eastern States and the Islands of Lakshadweep and the Andaman...
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Five myths about microfinance by TT Ram Mohan
The microfinance bubble has burst. The AP government ordinance, the AP oppositionfs campaign asking borrowers not to repay and the sheer public hostility towards MFIs . all these have put the brakes on MFI activities for now. We need to rethink the role of MFIs in the rural economy . In order to do so, we must first grasp some of the myths on which the MFI sector has rested...
More »Jobless rate in India pegged at 9.4%
The unemployment rate in the labour force was estimated to be 9.4 per cent during the 2009-10 financial year, a government survey has said. The Indian jobless rate was till now arrived at strictly by guesswork. According to the first national level household survey conducted by the Labour Bureau, out of 1,000 employed persons, 455 were employed in agriculture, forestry and fisheries group during this period. The survey was conducted with a view...
More »Goa tops unemployment list in India by Amitav Ranjan
The first-ever annual employment survey by the Labour Bureau under the Union Ministry of Labour points to a “jobless economic growth” last fiscal year. During the bureau’s survey period 2009-10 — also the year in which India’s gross domestic product grew by 7.4 per cent — unemployment was 9.4 per cent. The National Sample Survey Organisation, using its Consumer Expenditure Survey for 2007-08, had painted a rosy unemployment figure of 2.8...
More »Microfinance: What's wrong with it by M Rajshekhar
The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...
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