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Heavy burden on the young

-The Hindu     The 13.1 per cent rate of unemployment in the 15-24 years age-group globally is more than twice that among the adult population. With one million more young people joining the ranks of the jobless in 2013, the world's youth are facing a disproportionate burden, says the latest report of the International Labour Organisation. The Global Employment Trends report 2014 also records slow progress of late in reducing levels of vulnerable...

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Need to Have Parity of Wage Under MNREGA: Jairam

-Outlook Union Rural Development Minister Jairam Ramesh today said there was a need to have parity of wage under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) and the Minimum Wages Act. He said, in 14 states including Bihar, Jharkhand, West Bengal and Rajasthan, the wage under the rural job scheme was lower than the rate stipulated under the Minimum Wages Act. Speaking at an event to mark the 9th MNREGA Divas...

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Low growth may turn jobseekers back to farm sector: Crisil report -Remya Nair and Kirthi V Rao

-Live Mint Non-farm employment will increase by only 38 mn in financial years 2012-19, compared with 52 mn in FY 2005-12 New Delhi: The slowing economy will result in fewer jobs being added to industry and services in the next seven years and more workers moving back to farming, Crisil Research said in a report on Tuesday, indicating job creation will remain a key concern for the next government. Non-farm employment will increase...

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Non-farm jobs to shrink by 25 pc in 7 years: CRISIL

-The Hindu Chennai: In an indication of poor economic growth taking its toll on the job market, an estimated 12 million people may be forced to look for low-quality, low productivity rural or agriculture jobs over seven years, a reversal of old trend of migration from farm to non-farm employment opportunities, pointed out a report of CRISIL Research. Job generation in the non-farm sector will slow down sharply in the coming...

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Low growth worries PlanCom on job creation-Sanjeeb Mukherjee

-The Business Standard The issue is likely to figure in its assessment of the 12th Five-Year Plan As it sets about preparing the groundwork for the mid-term appraisal (MTA) of the 12th five-year Plan, the Planning Commission is worried over the impact of slow growth in the first two years of the Plan (2012-13 and 2013-14) on employment and livelihoods. A Planning Commission official said returning to the high-growth trajectory at the...

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