-United Nations News Around half a billion people work fewer paid hours than they would like, or are not getting enough access to paid work, shows a study published by the International Labour Organization (ILO) on Monday, which also forecasts that unemployment will rise by about 2.5 million this year. After nine years of relatively stable global unemployment, the World Employment and Social Outlook: Trends 2020 puts the rising jobless numbers down...
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IMF lowers global growth forecast for 2019, cites 'sharp slowdown' in India
-The Indian Express "Domestic demand has slowed more sharply than expected amid stress in the non-bank financial sector and a decline in credit growth," India-born IMF Chief Economist Gita Gopinath said. Citing a sharp economic slowdown in India and other emerging markets, the International Monetary Fund (IMF) on Monday lowered growth estimate for the world economy to 2.9 per cent for 2019. Besides, the International Monetary Fund also trimmed India’s growth estimate...
More »More than half of South Asian youth are not on track to have the education and skills necessary for employment in 2030
-Press release by UNICEF dated 30 October, 2019 KATHMANDU/NEW YORK/MUMBAI, 30 October 2019 – An estimated 54 per cent of South Asian youth leave school without the necessary skills to get a decent job in the next decade, according to data produced by the Global Business Coalition for Education (GBC-Education), the Education Commission, and UNICEF. According to the data, South Asia lags behind several other regions in preparing the next generation of...
More »Liberalising tenancy or grabbing land of the poor? - Vikas Rawal & Vaishali Bansal
-Newsclick.in NSSO data shows that of the total land under tenancy in 2011-12, about 36% was taken on lease by top 30% landowners. The State in India, barring the Left-led governments, has never been committed to implementing redistributive land reforms and securing rights of tenants. After 1991, when India adopted the policies of liberalisation and globalisation, the government stopped paying even the lip service to the programme of land reforms as they...
More »Fingers burnt in FTAs, India now stays out of RCEP -Puja Mehra
-Livemint.com * RCEP negotiations started in 2013 but acquired fresh impetus after the rise of protectionism globally that saw the US pulling out of the Trans-Pacific Partnership * India has seen its trade deficit with most countries rising manifold after an FTA was operationalized India on Monday decided against joining The Regional Comprehensive Economic Partnership (RCEP), a trade pact that has been spearheaded by China with the 10-nation Asean and four others. Mint...
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