-The United Nations An estimated 73 million young people will be out of work this year, according to a new United Nations report that says the long-term impact of the youth employment crisis could be felt for decades and calls for creative and wide-ranging policy solutions to address the problem. Global Employment Trends for Youth 2013: A generation at risk attributes that high number to persistent unemployment, a proliferation of temporary jobs...
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Auto, taxi fares raised by 25%
-The Times of India NEW DELHI: Giving in to pressure from the autorickshaw lobby, the Delhi government on Wednesday decided to raise auto and taxi fares by a significant 25%. The government defended the hike citing inflation and costlier CNG but remained silent on a deadline for installing GPS in 55,000-odd older autorickshaws, a move that could prevent unsuspecting passengers from being taken for a ride. The auto fare hike is substantial. From...
More »Maintain no-fail policy but increase accountability for schools and teachers
-The Times of India There was some grumbling when Indian taxpayers were told in 2004 that they would have to begin paying an education cess of 2%. But the move also inspired a lot of positivity, because of a widely-shared belief that upgrading education is the most effective thing our government can do to lift Indians into affluence. Although it took the Parliament another half decade to enact the Right to...
More »President Pranab Mukherjee hits out at MNCs for their ‘intent to dodge tax’
-The Times of India NAGPUR: President Pranab Mukherjee on Monday slammed multinational companies saying they only looked for oversees locations with an intention to dodge taxes, raising eyebrows at a time when the country is desperately wooing foreign capital to plug a widening current account deficit. Addressing a function at the National Academy of Direct Taxes (NADT), Mukherjee said more than three-fourths of business transactions nowadays took place through the units of...
More »The Mamata Banerjee story is over...-Aditi Phadnis
-The Business Standard A trail of unfulfilled promises follow her in rural and urban Bengal The furious letter-writing since 2010 about the chit fund industry in West Bengal suggests that everyone knew the industry was going to implode. Bengal has one of the highest rates in small savings, Trinamool Congress (TMC) leader Somen Mitra wrote to the prime minister in 2011. The state buys the highest number of new life insurance policies, and...
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