The United Nations labour agency is calling for urgent action to tackle the crisis of youth unemployment, which has increased significantly in the wake of the global economic slowdown and has repercussions for the economy as well as social cohesion. Young people – those aged 15 to 24 – account for over 22 per cent of the increase in the number of unemployed since the beginning of 2007 and is...

Peruvian economist Hernando de Soto turned classical capitalism on its head with his trickle-up theory: that if you create wealth at the bottom of the pyramid, it will find its way up. de Soto, president of the Institute for Liberty and Democracy, speaks to The Indian Express Editor-in-Chief Shekhar Gupta on NDTV’s Walk the Talk on the need for the poor to be able to participate in the global economy...

Anand Sharma rules out loss of jobs or displacement of small vendors A re-orientation of the policy framework was the need of the hour and enhanced foreign direct investment (FDI) in multi-brand retail would transform the rural economy and generate massive employment and opportunities for both rural and urban youth. This was stated by Union Commerce and Industry Minister Anand Sharma here on Wednesday. This was his first comments to a discussion...

Young rag-pickers sifting through rubbish are a common image of India’s chronic poverty, but destitute children face new hazards picking apart old computers as part of the growing “e-waste” industry. Asif, aged seven, spends his days dismantling electronic equipment in a tiny, dimly-lit unit in east Delhi along with six other boys. “My work is to pick out these small black boxes,” he said, fingers deftly prising out integrated circuits from the...

The State Government has announced that it will be appointing ombudsman to monitor the works taken up under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). Rural Development and Panchayat Raj (RDPR) Minister Jagadish Shettar, answering a query by S R Patil (Cong) in the Karnataka Legislative Council said that a vigilance committee as well as the ombudsman will be appointed to look into the problems. Patil, during the question hour,...