“G20 nations must create 21 million jobs each year over next decade” Positive employment growth found in all countries in 2010: ILO analysis But it has not been strong enough to reverse the slack accumulated during economic crisis Though many countries including India are limping back to normality after facing economic slowdown over the past few years, the unemployment graph is still moving up and has touched an all-time high of 210 million...
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Human Development Report Shows Great Gains, and Some Slides by Neil MacFarquhar
The world has made significant progress in income, education and health over the past 40 years, but the gains have been uneven and in some places war and the ravages of AIDS shortened life spans, according to a United Nations report on Thursday. Over all, average life expectancy around the globe jumped to 70 years in 2010, up from 59 in 1970. School enrollment through high school reached 70 percent...
More »In India, greed creeps into microlending, critics say by Rama Lakshmi
The microcredit revolution has been celebrated for helping poor women in developing countries start small businesses. By borrowing money for purchases such as a buffalo or sewing machine, the women were able to help lift their families out of poverty. But critics say the microcredit model has been perverted by commercial greed in India, with reports of abusive collection methods and sky-high interest rates. "What began as a simple, innovative model...
More »India's Games of Shame by Mitu Sengupta
Delhi is an anxious city this monsoon season, struggling to meet an onerous deadline. Preparations continue at a feverish pace for the 19th Commonwealth Games (CWG), which will bear down on the Indian metropolis October 3-14, along with some 8,500 athletes from the 71 states and territories that were once part of the British Empire. Around-the-clock construction and spells of heavy monsoon rain have turned Delhi into a swirl of mud...
More »Govt must not ignore the food security of its people by Tina Edwin
Despite recording robust economic growth over the last couple of decades and spending thousands of crores of rupees on subsidising foodgrain and other programmes aimed at improving the nation’s social indicators, India ranks a low 67 among 84 countries on the Global Hunger Index, 2010. The country has actually dropped two levels since last year on the index published jointly by International Food Policy Research Institute (IFPRI), Welthungerhilfe and Concern...
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