Nearly 25 million jobs could be lost worldwide due to the coronavirus pandemic, but an internationally coordinated policy response can help lower the impact on global unemployment, according to a UN agency. In its preliminary assessment report titled 'COVID-19 and world of work: Impacts and responses', the International Labour Organization (ILO) calls for urgent, large-scale and coordinated measures across three pillars -- protecting workers in the workplace, stimulating the economy and employment, and supporting jobs and incomes.
India needs to work on economic parameters to outpace China.
India's work participation rate is lower than Pakistan and Bangladesh. Are Indians lazy? No, there are no jobs, asserts Aakar Patel.
Though Narendra Modi doesn't know it, he is a victim of this deep-rooted infection.
Let's have a look at 12 where women get the best deal.
Addressing a meeting of AICC general secretaries and state-incharges which she presided over, Gandhi also alleged that the country was being ruled by a government which was "systematically" handing over the rights of citizens to a handful of crony capitalists.
The report said the global economy will lose $12 trillion or more by the end of 2021 despite spending of $18 trillion in trying to stimulate growth around the world.
Subramanian recommended five ways of financing additional expenditure over a period of one year, including cutting expenditure and borrowing directly from the RBI or monetising debt.
Recent financial crisis underscored the dangers of over-financialisation of the real economy.
A BJP source admitted that a census will inevitably reconfirm the numerical majority of the OBCs. 'That will overturn social equations and consign the upper castes to a twilight zone of marginalisation. The RSS won't accept it.' Radhika Ramaseshan reports.
Joseph Stiglitz says India should not bothered on inflation and instead focus on rapid growth.
Leading economist Arjun Sengupta on Tuesday defended the Manmohan Singh government's support for reservation of jobs for backward sections in the private sector saying democracy cannot afford inequality.
The UN urges the global community to seize the opportunity and invest in health and education of its youth.
'The economy will pick up in 2020 or a little later... When it picks up, will it reach 10%, 8% or still lower? It all depends on how realistic are the diagnosis and the prescriptions that follow,' says Professor K J Joseph.
"Excess deaths" captures not only confirmed deaths, but also COVID-19 deaths that were not correctly diagnosed and reported as well as deaths attributable to the overall crisis conditions.
'What is unusual about the current period of slow growth is that it has come without an external driver -- high oil prices and/or successive monsoon failures -- as was the case with all previous periods of slowdown, going back 50 years, notes T N Ninan.
Survey calls for reorienting policies to promote young firms which have the potential to become big, rather than small MSME firms which remain small.
What we have in the Congress is a useful glue to hold a non-cultural, unified Opposition together. That is the sacrifice the Congress must be willing to live with if showing the BJP the door is what the collective Opposition wants, observes Shyam G Menon.
The growth target of 9 per cent is, in fact, not sustainable in the long run, Stiglitz said during a public lecture on 'Globalisation, Development and Inequality' organised by the Azim Premji University and Institute for New Economic Thinking in Bengaluru.
'Even if there is a third wave or a fourth wave, it is hard to see the economy will suffer like that (during the first wave).'
It has always been perceived that cancer is generally restricted to the more affluent class in comparison with the poorer people. This is a myth and a recent report in Lancet has busted it. Sriram Balasubramanian reports.
The wealth of India's richest 1 per cent increased by over Rs 20.9 lakh crore during 2017.
'The term 'pro-growth' must be qualified somewhat because, while a rising tide will lift all boats, it will not necessarily do so equally.'
India's real risk is not that crony populism would fail, but that it would succeed, consolidating a path that is fundamentally a trap, both in terms of social inequalities and long-term growth, says Michael Walton.
The total household wealth in India during this period rose 1.7 per cent to $246 billion.
The former President addressed graduates virtually sharing tips on how they could make the most of their lives and careers amid the pandemic.
The challenges before the coming Budget are more daunting than those in 2021, reveals A K Bhattacharya.
How we respond now will determine whether we have a healthy, sustainable and prosperous future or one that is marked by inequalities, environmental decline and economic setbacks
Gautam Adani, who is diversifying into many businesses, saw a 48 per cent rise in his wealth to Rs 1.40 lakh crore and moved up two places in rankings to being the fourth richest Indian. Hinduja Brothers and HCL's Shiv Nadar were ranked 2nd and 3rd. Wipro's Azim Premji slipped two places to fifth place.
Several companies and technology heavyweights including Microsoft, Oracle and Salesforce are working to create a digital vaccination passport or health passport app in the hope that governments and airlines will require travellers to upload details of their Covid-19 tests and immunisation. The vaccine passport will effectively create digital credentials that could be the key to attending crowded events or even visiting countries.
Former Union minister Suresh Prabhu would be India's Sherpa at the 14th meeting of the world's top economies in Osaka, Japan.
The Opposition must understand that while 2024 may draw mileage from the growing resentment towards the BJP, the real battle and proof of how well India learnt from its disastrous dalliance with the Right-wing, will be in 2029, observes Shyam G Menon.
As the world readies to welcome its seventh billion inhabitant on Monday, United Nations Secretary-General Ban Ki-moon has called for "unity of purpose" among people across nations to address problems of climate change, economic crisis and inequality.
'The regime -- and particularly the home ministry under Amit Shah -- have sought to suppress and destroy these struggles through intimidation, bullying, threats, through false cases, arrests, custodial torture, the use of draconian laws like the UAPA.'
A map showing the gender equality across the world as published in the 'Global Gender Gap Report 2014' of the World Economic Forum.
The report, titled Women and Labour Markets in Asia: Rebalancing for Gender Equality, noted that although Asia's economic growth of 6.2 per cent in 2000-2007 exceeded the
'There shall be no change in India-Japan ties,' predicts Rajaram Panda.
Prime Minister Yoshihide Suga said he didn't have the authority to demand Mori's resignation, the Jiji news agency reported.
Income inequality could lead to slower economic growth: IMF
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