-PTI/ The Telegraph The government's decision comes amid the opposition's frequent criticism of it on the issue of unemployment New Delhi: Prime Minister Narendra Modi has asked various government departments and ministries to undertake the recruitment of 10 lakh people on a "mission mode" in the next year and a half, his office said on Tuesday. The direction from Modi came following a review of the status of human resources in all government...
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Fact check: Adityanath’s claim about Uttar Pradesh’s Unemployment rate doesn’t add up -Factchecker team
-Scroll.in The state’s Unemployment rate never touched double digits in 2017, and instead of a drop, data shows there has been a 29% rise during his tenure. Uttar Pradesh Chief Minister Adityanath, in a speech addressing the UP Investors Summit in Lucknow on June 3, claimed that since the Bharatiya Janata Party government came into power in the state in 2017, the Unemployment rate had fallen from 18% to 2.9%. He attributed the...
More »Neo-Liberalism and Anti-Inflationary Policy -Prabhat Patnaik
-NetworkIdeas.org Central banks all over the capitalist world are raising, or are about to raise, interest rates as a means of countering the currently rampant inflation, which is certain to push a world economy that is barely recovering from the effect of the pandemic, back towards stagnation and greater unemployment. Of course the Federal Reserve Board of the US which sets the standard in this respect for all other central banks, claims...
More »All is Not Well With India's Gig Economy -Nilanjan Banik
-TheWire.in The bargain between companies and their 'employees' must become more equitable. The continuation of the Russia-Ukraine war is raising the fear of an imminent stagflation (a combination of inflation and unemployment led by a low growth). Worldwide inflation numbers are on the rise. Most sources of data are suggesting a higher inflationary regime. In March 2022, the US, the largest economy in the world, recorded a 41-year high inflation of 8.1%....
More »Is India Facing a Post-pandemic Employment Crisis? -Murali Krishnan
-Newsclick.in India's job market is tightening, and skilled workers are finding it harder to enter the workforce. Government job drives and the informal economy have been unable to make up the difference. Pramod Lal is a 23-year-old recent business graduate from northern India, who thought he had the credentials to be competitive in the job market. However, Lal's attempts to start a career have yet to succeed. "Education is no guarantee for a...
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