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Making Sense of India’s Measures of Unemployment -Rahul Menon

-TheIndiaForum.in The co-existence of seasonal and regular employment has posed a challenge over the decades for accurately measuring unemployment in India. An explainer and a discussion in the light of the puzzling results of the 2019-20 Periodic Labour Force Survey. The Periodic Labour Force Survey (PLFS) of 2019–20 has revealed a significant fall in in the unemployment rate, to 4.8% from 6.1% in 2017–18, according to what is called the Usual Status....

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Amid protests, Centre hikes minimum support price for rabi crops -Priscilla Jebaraj

-The Hindu The Centre has increased the minimum support price (MSP) for wheat for the upcoming rabi season to ₹2,015 per quintal, a 2% hike from the ₹1,975 per quintal rate of last year. Oilseeds and pulses such as mustard, safflower and masoor dal saw higher MSP increases of up to 8% in a bid to encourage crop diversification, according to a statement on the decision of the Cabinet Committee on Economic...

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19 lakh manufacturing jobs lost in August: CMIE

-The Telegraph The latest unemployment rate is similar to the post-lockdown figure of 8.35 per cent recorded by the research firm around this time last year Nearly 19 lakh people lost jobs in August with the manufacturing sector the worst affected, according to the latest employment data released by a private research firm. The Centre for Monitoring Indian Economy (CMIE) figures show that the unemployment rate had climbed to 8.32 per cent in...

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Retail edible oil prices to start softening from Dec: Food Secretary Sudhanshu Pandey

-PTI/ BusinessToday.in Retail prices of edible oils in India, which imports 60 per cent of its requirement, have shot up to 64 per cent in the past just one year, in line with the global developments Retail edible oil prices in the country will start softening from December with arrival of new crops and a possible decline in global rates, Food Secretary Sudhanshu Pandey said on Friday. Retail prices of edible oils...

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