-AFP ILO says by 2018, about 215 million people worldwide are expected to be unemployed Geneva: Global unemployment climbed by five million people in 2013 to 202 million despite green shoots in the world economy, signalling a jobless recovery, the International Labour Organisation (ILO) said on Monday. Business activity is picking up but the misery of unemployment continues to pile up. "We continue to be on an upward trajectory in terms of unemployment in...
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No rethink on subsidised LPG: Moily
-The Business Standard Oil minister says Parikh report sound but government has to take realities into account; to proceed with Direct Benefits Transfer in 291 districts from January despite SC order Union petroleum minister M Veerappa Moily said there'd be no raising of the present cap on the number of subsidised cooking gas (LPG) cylinders a household was entitled to in a year. In the wake of severe electoral reverses for the ruling...
More »India has highest inflation rate in Asia
-The Times of India NEW DELHI: The Indian economy, Asia's third-largest, faces a difficult situation where growth has slowed to a decade low but price pressures have remained stubborn. It has one of the highest inflation rates in the world, and the highest in Asia. Weak growth and high inflation also complicated the policy choice for the central bank. Separate data released by the Central Statistics Office showed industrial output slumped 1.8%...
More »UPA’s Rs 75,000-crore self-employment plan for 7 crorerural homes -Yogima Seth Sharma
-The Economic Times NEW DELHI: The United Progressive Alliance government has drawn up a Rs 75,000-crore action plan that seeks to provide self-employment opportunities to seven crore households in rural India over the next 10 years. The programme, which intends to impart training to rural households for semi-skilled and skilled jobs, may help UPA garner some extra votes in the general elections due next year. "The model has already been tested in...
More »Veggie prices push inflation to 10.09%
-The Hindustan Times Prices of almost all everyday products and services - from food to footwear and movie tickets to medicines - saw a sharp rise in October, pushing retail inflation to 10.09%, the highest in seven months. Costlier onions and tomatoes saw retail inflation - a measure of prices that are asked of you at a shop - cross the double-digit mark for the first time in seven months, indicating Indians...
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