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Joblessness rises to 5-year high -Somesh Jha

-The Hindu Female unemployment rose to 8.7% in 2015-16 from 7.7% a year earlier Jobless economic growth continues to haunt India's youth, with the country’s unemployment rate rising to a five-year high of five per cent in 2015-16, according to the latest annual household survey on employment conducted by Labour Bureau. India’s economy grew 7.1 per cent in the first quarter of 2015-16, slowing from 7.9 per cent a year earlier. The country’s...

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'Feminisation' of rural job scheme: Women outnumber men in MGNREGS -Saubhadra Chatterji

-Hindustan Times New Delhi: Women outnumber men in increasing proportions in India’s rural job scheme, a trend experts call the “feminisation” of the programme. With changes in the labour environment — more men migrating for better wages — more women are working as labourers for additional household income. The scheme, launched in 2006, had less than 20% women in its workforce in the initial years but after a decade, 56% of jobs...

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Poor sanitation cost India 5.2% of its GDP -Sushmita Sengupta

-Down to Earth Lack of access to sanitation wiped off US $106.7 billion from India's GDP in 2015. It is almost half of the total global losses A report—True cost of sanitation—was published jointly by the LIXIL Group Corporation, Water Aid and Oxford Economics recently. Oxford Economics mainly works on economic forecasting and modelling. It says that in 2015 lack of access to sanitation cost the global economy around US $ 222.9...

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The foreign hand isn't enough -Alex M Thomas

-The Hindu The pursuit of full employment of labour cannot primarily rely on domestic private investment, much less FDI. Only public investment will steady us in the long run. We are increasingly told that the inflow of capital — particularly the foreign direct investment (FDI) variety — increases employment levels and contributes to economic growth. In a rare interview given to The Wall Street Journal in May, Prime Minister Narendra Modi reinforced...

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CCI slaps Rs 6700 crore fine on 10 cement companies

-The Times of India NEW DELHI: The Competition Commission of India (CCI) on Wednesday imposed penalty of over Rs 6,700 crore on 10 cement companies including ACC, Lafarge, Ultratech, Jayprakash Associates, Binani and their trade association the Cement Manufacturers Association (CMA) on charges of cartelisation in the sector. The information in the case was filed by the Builders Association of India against the cement firms and the CMA, alleging that they flouted...

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