-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...
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Food subsidy can fill poverty gap, twice-Puja Mehra
-The Hindu Union Finance Minister P Chidambaram's estimate for India's 2014-15 food subsidy bill of Rs 1,15,000 crore in the interim budget is more than twice of India's Poverty Gap, or the cost of pushing all households above the poverty line if cash transfers were used instead. The Poverty Gap for India, as per the latest NSSO Consumption Expenditure Survey data available (for the year 2011-12) is Rs. 55,744 crore. A...
More »India Should Address Infra Issues to Boost Growth: OECD -Chandra Shekhar
-Outlook Sydney: The OECD today said India needs to address its infrastructure shortfalls and pervasive state control in business activities, among other things, to maintain robust growth. In its 'Going for Growth' report, the Organisation for Economic Co-operation and Development (OECD) called for structural policy reforms to boost growth. "To maintain robust growth, India needs to address its infrastructure shortfalls, pervasive state control in business activities and unequal access to quality education. "It also...
More »CBI registers five cases in swindling of MNREGA funds in UP
-The Times of India NEW DELHI: The CBI has registered five cases into alleged swindling of funds from the centrally sponsored Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGA) in Uttar Pradesh during the rule of Mayawati-led BSP. CBI sources said cases of criminal conspiracy, cheating, forgery under Indian Penal Code and misuse of officials position under the Prevention of Corruption Act have been registered regarding alleged financial irregularities in Gonda, Balrampur,...
More »Bring domestic workers under labour legislation: ILO
-IANS There is an urgent need for recognising people engaged in domestic work within an Employment relationship as workers and to bring them under labour legislation, said Tine Staermose, Director India, International Labour Organisation (ILO), Wednesday. "There is a urgent need for the recognition of the people engaged in domestic work within an Employment relationship as workers and to bring them under the labour legislation so they can access services and benefits...
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