-World Bank Blog The enormity of the global job-creation challenge is underscored in a comprehensive new analysis by the International Finance Corporation, which issued a wide-ranging Jobs Study at a recent IFC forum on the urgency of the unemployment crisis. More than 200 million people are now Unemployed worldwide – with another 1.5 billion people only marginally employed, and with an additional 2 billion working-age adults neither working nor seeking a...
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Capitalism and Equality-Prabhat Patnaik
-The Telegraph Even reformed capitalism cannot give equal opportunity There is a view that the real problem with capitalism is that there is no equality of opportunity under this system. Your entire life gets determined by which class you happen to get born into. If the effect of this ‘happenstance’ could somehow be eliminated, so that everyone enjoyed equality of opportunity, then even though income and wealth inequalities continued to remain...
More »BPL card more important than brain scan for injured baby
-The Telegraph A baby girl in need of a brain scan has been turned away by every government hospital she has visited in six months because her Unemployed single mother doesn't have a BPL card or the money for an MRI. Jhuma Majhi's daughter Brishti, a year and nine months old, was recommended an MRI of the brain last August after falling off a bed and suffering convulsions that have since become...
More »Left, Right vow to oppose FDI in Rajya Sabha
-The Times of India The budget session of Parliament could again be stormy with NDA and Left parties coming together to oppose FDI in retail. BJP, CPI and JD(U) on Tuesday said the government may have got the bill passed in Lok Sabha but it should not feel victorious as they would not let it pass in Rajya Sabha. BJP leader Murli Manohar Joshi even said that if NDA came to power, it...
More »Have government schemes failed Muslims?-Subodh Varma
-The Times of India Six years ago, the Sachar Committee reportshowed that the Muslim community in India suffers from severe deprivations in education, employment, health services, public infrastructure, access to financial services leading to much higher poverty than other religious groups, somewhat like the condition of scheduled castes and tribes. The government responded by setting up a separate ministry for minority affairs, and launching several programs to provide benefits to the...
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