The $12 billion Posco investment in India was supposed to be the biggest FDI project in the country. After six years that still remains on paper Horangineun jugeumyeon gajugeul namgigo, Sarameun jugeumyun ireumeul namginda (When tigers die, they leave behind leather. When people die, they leave their names behind) —Old Korean Proverb The news flash from Press Trust of India came on July 10, 2011. Posco, the $32 billion South Korean steel giant had decided to...

Last week, the census commissioner released the second round of data, which showed that the move towards towns and cities received a fresh impetus in the decade ended 2011, as a result of which the country achieved a laudable milestone: a little under one in three Indians now lives in areas classified as urban, reversing a lull apparent in the previous two decades. This is something to be welcomed as in...

The results of the NSS 66th round survey (2009-10) on employment and unemployment show a striking decline in the female labour force and the workforce participation rates as per all the three criteria (the usual, weekly and daily status) in rural and urban areas as compared to 2004-05. Even among urban males, there is a decline in the rates as per the usual and weekly status, though the daily status...

The Central Employment Guarantee Council (CEGC) — the apex monitoring agency for the implementation of National Rural Employment Guarantee Scheme (NREGS) — on Thursday rejected the suggestion of the Prime Minister’s National Council on Skill Development’s (NCSD) to include providing “skill development” to unskilled wage seekers under the scheme. “While agreeing that skill development was necessary, it was decided that adding the additional feature into the NREGS may not be viable...

-The Hindu   There is good news for 47.50 lakh domestic workers in the country: they will now be entitled to health insurance cover under the Rashtriya Swasthya Bima Yojana (RSBY). The extension of the medical insurance scheme, approved by the Union Cabinet here on Thursday, envisages smart card-based cashless health insurance cover of up to Rs. 30,000 annually to below poverty line workers in any empanelled hospital in the country. The RSBY will...