STRUCTURAL UNEMPLOYMENT
India shows all the signs of a failed middle-income country ¡ª first face them to fix things India's economic engine is sputtering. Income growth for most Indians has stalled, and many young people are unemployed. The informal sector dominates, and productivity remains low. While the stock market thrives, it's disconnected from the reality ...
12 Nov, 2024, 11.35 AM ISTSome companies change tack in China with no recovery in sight Global companies are reducing costs in China due to its sluggish economy. Beijing's stimulus measures have yet to convince investors. Sectors like luxury goods and heavy industry are particularly affected. Some companies are adjusting their strategi...
28 Oct, 2024, 10.41 AM ISTInequality, wage stagnation, inflation 'structurally corrosive' to long-term growth prospects, says Congress Congress urged the government to address wage stagnation, inequality, and inflation, citing their detrimental impact on India's long-term growth. They highlighted concerns over declining private investment rates and noted a shift toward financial in...
25 Oct, 2024, 11.12 AM IST- ADVERTISEMENT
What's behind the widening gender wage gap in the US? The COVID-19 pandemic caused a significant setback for U.S. working women, leading to the first expansion of the gender wage gap in 20 years. Women's full-time earnings are now 83 cents to a man's dollar, highlighting persistent inequities, especial...
16 Oct, 2024, 10.35 PM ISTEducated aplenty, skilled in shortage: Why India¡¯s employers are struggling despite a surplus of graduates India's vast pool of educated youth, while impressive on paper, is undermined by a severe skills gap that threatens the nation’s potential for economic growth and its position as a global powerhouse.
29 Sep, 2024, 09.48 AM ISTWill Donald Trump's plans throw the US economy into a recession? Here's what Kamala Harris has to say Reigning VP Kamala Harris has now accused Donald Trump for his economic plans, that could easily place the Americans into a major recession, leading to the devastation of the US economy. This is something bold that Harris has said after so long agai...
26 Sep, 2024, 05.17 AM ISTOne nation, one election impractical, says Siddaramaiah Chief Minister Siddaramaiah criticized the Union Cabinet's decision on 'one-nation, one-election,' calling it impractical and against India's federal structure. He accused the Modi government of diverting attention from pressing issues like unemploy...
18 Sep, 2024, 08.01 PM ISTRBI¡¯s steeplechase with cyclical and structural hurdles As the RBI intensifies its regulatory tightening, the banking sector will need to negotiate with slower growth, lower margins, and rising credit costs. The central bank is also concerned about the recent spurts in prices of milk and mobile tariffs, ...
09 Aug, 2024, 02.09 PM ISTCost of competitive exam: Chase a govt job, end up getting scarred Preparation for UPSC Civil Services exams has become critically competitive, similar to medical and engineering admissions. A partial hiring freeze in Tamil Nadu led to increased unemployment among young graduates. Researchers suggest solutions to m...
31 Jul, 2024, 02.18 PM ISTEconomic survey 2024: India has 18.3% unpaid workers, 57.3% of total workforce self-employed The Economic Survey 2024, presented by Union Finance Minister Nirmala Sitharaman, highlighted India's evolving job landscape, with a significant portion of the workforce being self-employed, casual laborers, or regular wage/salaried workers. The sur...
22 Jul, 2024, 05.47 PM ISTWhat is Maharashtra govt's Ladka Bhau scheme? Who is eligible for stipend of Rs 10,000 per month Maharashtra launches 'Ladka Bhau' Yojana to provide job training and stipends for young men. Scheme targets class 12 graduates, diploma holders and graduate degrees and aims to benefit both candidates and industries. Opposition parties raise concern...
18 Jul, 2024, 12.00 PM ISTBudget 2024: Zerodha¡¯s Nithin Kamath seeks tax exemptions for startup investors According to Nithin Kamath, innovative solutions like allowing investment in startups from the capital gains made on the sale of any asset could help popularise startup investments and generate jobs.
12 Jul, 2024, 06.51 PM ISTMass layoffs at PwC after exodus of clients in China PricewaterhouseCoopers LLP is reducing staff in China due to declining revenue prospects and client exodus. Over 100 employees across Beijing, Shanghai, and other locations are being laid off. The firm faces regulatory scrutiny and client losses, pr...
10 Jul, 2024, 01.33 PM ISTGet on the job of jobs A thorough assessment of historical and current employment trends across sectors leads to a deeper dive into complexities of jobless growth. Mapping out the strengths and weaknesses of each sector is crucial for formulating strategies to enhance job...
20 Jun, 2024, 10.49 PM ISTJob creation is India's top economic challenge, policy experts say According to a poll of policy experts by Reuters, tackling India's chronic joblessness will be the biggest challenge for the government over the next five years, despite the country's status as the world's fastest-growing major economy. The economy ...
20 Jun, 2024, 07.45 AM IST'Unemployment is not a problem': Arvind Panagariya's prescription to FM Nirmala Sitharaman ahead of Budget Arvind Panagariya believes India's job challenge lies in reallocating capital to labor-intensive sectors rather than creating jobs. He emphasizes that too much capital is tied up in industries like machinery and pharmaceuticals that don't hire many ...
12 Jun, 2024, 03.47 PM ISTElection Result 2024: Narendra Modi-led NDA wins world's largest elections, but there's a lot to brood over Election Result 2024: The BJP-led National Democratic Alliance (NDA) is struggling to achieve the 400-seat target set by Prime Minister Narendra Modi in the 2024 Lok Sabha election. Falling short of the 272-seat majority mark, the BJP will need supp...
05 Jun, 2024, 04.00 PM ISTIndia's unemployment rate to decline 97 basis points by 2028: ORF Report "India's job market is experiencing a transformation as the country has become the world's fastest growing large economy in the aftermath of the Covid-19 pandemic," the report said.
16 Apr, 2024, 03.30 PM ISTPool of ¡®unemployed CXOs¡¯ grows as old firms refuse to match startup salaries Several CXOs laid off by startups are struggling to find new roles as traditional companies are unwilling to hire them at the inflated salary levels and fancy designations that attracted them to startups in the first place. This situation has led to...
27 Mar, 2024, 07.54 PM ISTIndia's labour market undergoing structural transformation, latest survey data misinterpreted: SBI Research The recently released sixth annual PLFS report from the NSSO gauging unemployment rates across rural and urban areas for pan-India as also states with different levels revealed a significant decline in the unemployment rate from 6.1 per cent in FY18...
14 Nov, 2023, 12.16 PM IST