'80% of the rural and urban population don't have enough purchasing power.'
Nearly 490 million people of working age are outside the bounds of India's unemployment assessments. A decrease in the unemployment rate could signal economic growth, but could just as well mean that people have given up looking for work. A revealing excerpt from Tata Sons Chairman N Chandrasekaran and Tata Chief Economist Roopa Purushothaman's Bridgital Nation: Solving Technology's People Problem.
The unemployment rate stood at 9.7 per cent in March.
The victim said she returned home after managing to escape her abductors.
The SIT headed by Monika Bhardwaj submitted the charge sheet on Friday.
'Deeply hurt by Modi's conspicuous silence for over a month-and-a-half since the outbreak of violence, people in Manipur came on the roads and crushed their radio sets to express their frustration and anger.' 'The fact that Modi's Mann Ki Baat did not have a single reference to the Manipur violence further accentuated this hurt and anger.'
Images from Day 2 of the 2023 US Open at Flushing Meadows in New York on Tuesday.
The economy faces more downside risks now as economic disruptions arising from the second wave are likely to stabilise only from July, warned the Swiss brokerage USB Securities. Last month, the brokerage had cut its GDP forecast by 150 bps to 10 per cent for FY22, which though is much higher than the consensus projections by others with some pegging it at as low as 8 per cent. Though adverse impacts on sequential growth is less severe than in the June 2020 quarter when it plunged by 23.9 per cent, as lockdowns are more targeted and localised and households and businesses have adjusted to the new normal now, still, it is increasingly possible that normalcy returns only by July as against our baseline assumption of June.
The growth path going forward has to absorb the new entrants into the labour force, which are estimated at 4.5 million annually in the 12th Plan document.
The country's demographic dividend is dissipating, with seriously adverse consequences for young India, asserts Shankar Acharya, former Chief Economic Adviser to the Government of India.
The government's decision to release the reports comes two days after over 200 scholars from across the globe issued a statement demanding release of all withheld reports produced by the NSO, including the household consumer expenditure survey that was junked.
The meeting came after terrorists carried out a series of targeted killings in the Kashmir Valley that include non-Muslims, security personnel, an artist and local civilians.
Britain's BBC faced a mounting crisis as a row over football presenter Gary Lineker's criticism of government migration policy led to a presenter mutiny.
According to Organisation for Economic Cooperation and Development's report on gender and employment, there is a worldwide increase in women's participation in the labour force but considerable gaps remain in working hours, conditions of employment and earnings.
While India has scored well on parameters like workforce and employment, it has fared poorly for health and wellness of its labour force, WEF said.
In the past 12 months, since September 2020, the net cumulative increase in employment has been just 44,483. This is negligible -- just 0.04 million on a base of over 400 million jobs, reveals Mahesh Vyas.
Business activity has fallen by a fourth of the pre-COVID levels due to lockdowns imposed by states to contain the spread of the second wave of COVID-19, Japanese brokerage Nomura said on Tuesday. However, it said the falling activity levels will have a muted economic impact and maintained its growth estimates for the year, saying the lockdowns present "downside risks". As of April 25, the Nomura India Business Resumption Index (NIBRI) registered its steepest weekly fall in over a year of 8.5 percentage points to 75.9, which is 24 percentage points below pre-pandemic normal, the brokerage said in a statement.
A presidential advisory sub-committee has recommended the federal government to extend the grace period for H1-B workers, who have lost their jobs, from the existing 60 days to 180 days so that the workers have enough opportunities to find a new job or other alternatives. "The immigration subcommittee recommends the Department of Homeland Security and the US Citizenship and Immigration Services (USCIS) to extend the grace period for H1-B workers, who have lost their jobs, from 60 days to 180 days," Ajay Jain Bhutoria, member of the President's Advisory Commission on Asian Americans, Native Hawaiians, and Pacific Islanders, said on Tuesday. In his presentation, Bhutoria highlighted the significant challenges faced by H1-B workers laid off from their jobs.
Brands such as Gap, Primark and C&A which source some of their garments from Tamil Nadu say they do regular audits to ensure their suppliers comply with their codes of conduct.
'Over 27 million youngsters in their 20s lost their jobs in April.' '33 million men and women in their 30s lost jobs in April,' points out Mahesh Vyas.
Speaking at an Assocham event, Modi said the recent cut in corporate tax has brought rates to all-time low for businesses, adding that labour force should also be taken care of.
Braverman, 42, resigned from the cabinet of former prime minister Liz Truss last week, having breached the ministerial code by sending secure information from her private email.
'Is it not deplorable that even after 75 years of independence, there are people in our society who have been denied freedom?'
More than 61 per cent of women choose non-professional courses.
BSE Metal, IT and Consumer Durable indices surged by nearly 2% each. However, BSE FMCG index declined by nearly 1%.
He said the people are looking for an alternative and the Congress' victories in Himachal Pradesh and Karnataka elections are clear proof of this.
The long queue outside Cellular Jail is a testimony to its place in India's national consciousness. The Andamans is also where the only British viceroy was assassinated and where Bose unfurled the Tricolour for the first time in 1943.
The terrorists fired at two non-local labourers at a brick kiln at Magraypora in Chadoora area of the central Kashmir district, the officials said.
India's gig workforce is expected to expand to 2.35 crore by 2029-30 from 77 lakh in 2020-21, a NITI Aayog report said on Monday, and recommended extending social security measures for such workers and their families in partnership mode as envisaged in Code on Social Security. The report titled 'India's Booming Gig and Platform Economy' further said gig workers are expected to form 6.7 per cent of the non-agricultural workforce or 4.1 per cent of the total livelihood in India by 2029-30. Gig workers can be broadly classified into platform and non-platform workers.
A migrant worker from Bihar was shot dead by terrorists in Jammu and Kashmir's Bandipora district, the latest in a series of targeted killings, officials said on Friday.
A rotating chief ministership as a way to appease factions can work only if there is a credible guarantor, explains Aditi Phadnis.
A report by the Azim Premji University showed that during the pandemic 270 million Indians were pushed into poverty. Meaning that they were not poor according to the government poverty line before, but have become now. Aakar Patel mulls on the state of the nation as the Modi government enters its eighth year.
From a high over 9 per cent gross domestic product growth for many years prior to the 2008 crisis, the economy grew 6.5 per cent last year and is projected to slow down further to a decadal low 5.5 per cent or even lower this fiscal.
The cost of not vaccinating the entire population quickly will be far higher than bearing the entire cost of vaccination, points out Prosenjit Datta.
The Eternal Gandhi Museum is the only Gandhi-related museum in the United States, dedicated to Gandhi, to preserve and promote his ever-lasting legacy of nonviolent conflict resolution.
"Can the revolution in the information technology sector in India resolve India's unemployment problems and the other ills in its labour markets? Certainly not," the Economic and Social Commission for Asia and the Pacific survey said.
However, the government has enacted an important change to the fixed-term employment framework that may help companies in handing out contractual jobs to its existing permanent workforce.
The flight, carrying 216 passengers and 16 crew, landed safely, the Tata Group-owned private carrier said in a statement Tuesday evening.
While the denial rate has dropped slightly to 21 per cent in 2019 from 24 per cent in 2018, the National Foundation for American Policy has said it is much higher for Indian IT companies like Tata Consultancy Services (TCS) and Wipro and very low for American companies like Amazon and Google. For instance, the denial rate for TCS and Infosys in 2019 was 31 per cent and 35 per cent respectively, whereas for Wipro it was 47 per cent and 37 per cent for Tech Mahindra. On the other hand, the denial rate for the new H-1B petitions in 2019 was just four per cent each for Amazon and Google. The denial rate for Microsoft during the same period was six per cent, and Facebook along with Walmart was just three per cent each.
Delhi has been wrapped in a security blanket for Tuesday's 77th Independence Day celebrations, with more than 10,000 personnel manning the area in and around the Red Fort from where Prime Minister Narendra Modi will address the nation, the police said.
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