-Live Mint Decline came as labour productivity grew 7.6%; wage growth remains far below pre-crisis levels globally India’s real wages fell 1% between 2008 and 2011, while labour productivity grew 7.6% in the same period, International Labour Organization (ILO) data showed on Friday, indicating that the benefits of the country’s economic growth didn’t translate into better pay for workers in the aftermath of the global economic crisis. In contrast, China’s real wage growth...
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India’s employment elasticity almost zero-Manas Chakravarty
-Live Mint High growth hasn’t led to more jobs The years between 2004-05 and 2009-10 saw some of the highest rates of gross domestic product (GDP) growth for India. The problem, however, is that this high growth hasn’t led to more jobs. Employment elasticity—which is a measure of how employment varies with economic output—has come down dramatically. The Planning Commission says that employment elasticity has come down “from 0.44 in the first half...
More »Land Bill amendment passed
-The New Indian Express Bhubaneswar: The Assembly on Tuesday passed the Odisha Consolidation of Holdings and Prevention of FRAgmentation of Land (Amendment) Bill, 2012, with members of both Treasury and Opposition benches making a strong plea to the Government to ensure that agricultural land is not used for non-agricultural purposes. “The amendment of the Odisha Consolidation of Holdings and Prevention of FRAgmentation of Land Act, 1972, will pave the way for FRAgmentation...
More »Malnutrition in children: government to set up NRCs
-The Hindu ‘Medical camps are being conducted at all anganwadi centres’ Bijapur: Ramesh Zalki, Principal Secretary, Department of Women and Child Development, has said that in order to address the problem of malnourishment among children in the State, the government has decided to set up 20-bed nutritional rehabilitation centres (NRCs) in every district. “The decision is part of one of the recommendations that the government has accepted following the report submitted by the...
More »Russia’s insistence on U.N. control over the Internet could see collapse of global meet -Shalini Singh
-The Hindu It’s Russia, China, and Arab states versus E.U., U.S. and Japan; India is silent The December 3-14 World Conference on International Telecommunications (WCIT) in Dubai, could collapse if Russia does not back off from its proposal to bring the Internet under the control of the International Telecommunications Union (ITU), thereby subjecting the web to inter-governmental regulation. At the conference’s plenary session, China, Saudi Arabia, Iran and Kazakhstan backed the Russian proposal,...
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