-Livemint.com For the first time during the tenure of the present government, overall inflation of food articles is negative, implying a decline in prices Last week the India Meteorological Department (IMD) presented its first forecast for the monsoon this year. The forecast at 97% of the long period average (LPA) suggested yet a third year of normal monsoon rains, following 2016 and 2017. This should have ideally brought cheer to farmers struggling...
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As labour-intensive sectors take a hit, exports dip in March
-The Hindu Business Line Trade deficit widens as imports rise; exporters worried about future New Delhi: A fall in exports of gems & jewellery, petroleum products, readymade garments and farm products pulled down India’s overall exports (year-on-year) by a marginal 0.6 per cent to $29.11 billion in March 2018. Exporters are worried as several of the sectors that have taken a hit are labour-intensive, which they say is due to liquidity problems. Exports, however,...
More »Job creation more than doubles to 136,000 in July-Sept 2017: Labour Bureau -Somesh Jha
-Business Standard In the Manufacturing sector, 89,000 jobs were created as compared to job loss of 87,000 in the previous quarter and job creation of 24,000 in the same period last year Job creation in the organised sector rose two-fold to 136,000 in July-September 2017 compared to the previous quarter, largely driven by an uptick in the Manufacturing sector, latest official estimates showed. In comparison, job creation stood at 64,000 in April-June 2017...
More »Formal employment rises but less no. of regular jobs created in 2nd quarter of '17-18
The increase in organized sector employment (i.e. in establishments employing 10 or more workers) in the second quarter was much higher as compared to that in the first quarter of 2017-18. The seventh round of the Quarterly Report on Employment Scenario in selected sectors (as on 1st October, 2017), which was released in March this year, confirms this. The Labour Bureau’s latest report says that during the period 1st April to...
More »Economist Paul Krugman warns India of mass unemployment if Manufacturing sector does not grow
-Scroll.in The Nobel laureate noted that the country does not yet have the jobs essential to sustain the projected growth in demography. Nobel laureate Paul Krugman on Saturday warned that India may end up with mass unemployment if its Manufacturing sector does not grow, News18 reported. The American economist was speaking at an event that the news channel had organised. “As the world’s economies took off because of growth in the Manufacturing...
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