-The United Nations The global economy is expected to strengthen over the next two years, despite a downgrade of growth prospects for some developing countries and transition economies, and "stubbornly slow" job growth, according to the United Nations World Economic Situation and Prospects 2014 mid-year update launched today in New York. "More than five years after the financial crisis, the world continues to struggle with getting the global economic engine back to...
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NREGA: Effects and Implications -Nandini Nayak
-NewsYaps.com In 2005, the Parliament of India enacted a landmark legislation known as the National Rural Employment Guarantee Act (NREGA). The aim of this law, renamed ‘Mahatma Gandhi NREGA' in 2009, was to create a legally enforceable guarantee of employment for any adult from rural India willing to do casual manual labour on local public works at a statutory minimum wage. Public works programmes have long been implemented in India...
More »Young and jobless -Jitendra
-Down to Earth Across the globe, unemployment is growing three times faster among youngsters than among those above 24 years of age The good news is that economies the world over are set to grow. The bad news is that the growth will not be able to check unemployment that has been rising steadily since the 2008 global financial crisis. Over 202 million people were jobless worldwide in 2013, which is 25...
More »ILO says poor laws aid the abuse of maids -Neetu Chandra
-DailyMail.Co.Uk Millions of domestic workers in Indian homes are a part of an informal and "invisible" workforce due to absence of a specific legislation meant for their protection, the International Labour Organisation said on Wednesday. The number of maids has gone up by nearly 70 per cent from 2001 to 2010 with an estimated 10 million maids and nannies in India, the ILO says. According to the National Sample Survey (NSS) 2004-05, there...
More »Housing For Poor Can Spur Economic Growth
A new report on India's housing sector confirms with facts and figures what has been suspected all along: that despite growing demand for affordable housing, supply side responses have been weak and sluggish. This means even though the housing sector can directly impact employment and income generation, and has multiple forward and backward linkages with various industries, it needs innovative ideas, pro-poor thinking and policy stimulus. (See link below for...
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