Despite a sharp rebound in economic growth for many countries, global unemployment in 2011 is likely to continue at the record highs of the past three years, highlighting the need for long-term policies that prioritize quality job creation, according to the United Nations labour agency. Moreover, a narrow focus in developed economies on reducing fiscal deficits without addressing the challenge of job creation will further weaken employment prospects in 2011, the...

If you thought that globalization and privatization would reduce the glamour and clamour for government jobs, you couldn't be more wrong. The first-ever state-backed study on aspirations and expectations of youth in Karnataka suggest that at least 60% of 14-34 year-olds -- irrespective of their education, economic status and place of study - prefer a government job. Fuelling their aspiration for a government gaddi seems to be job security, which is...

If it was the inability to resettle 450 families that sealed the fate for Korean steelmaker Posco in Orissa, the failure to give jobs to another 500 families in and around the Vedanta project in Niyamgiri put paid to the aluminium major’s plans, said National Advisory Committee member NC Saxena, who wrote the report that resulted in cancellation of Vedanta’s project. On being asked about the contradictions between development and growth,...

Stunned villagers are finding that governments have been leasing land, often for decades. The half-dozen strangers who descended on this remote West African village brought its hand-to-mouth farmers alarming news: their humble fields, tilled from one generation to the next, were now controlled by Libya's leader, Col. Muammar el-Qaddafi, and the farmers would all have to leave. “They told us this would be the last rainy season for us to cultivate our...

In a bid to encourage farmers to part with their land for industrial development, the Gujarat government has formulated a new land acquisition policy to make them partners in the development. Announcing this, Minister of State for Industries Saurabh Patel said the State-owned Gujarat Industrial Development Corporation (GIDC) henceforth would acquire land only with the “consent” of the concerned farmers, pay them at the prevailing market price, and give them a...