ILO releases World Employment and Social Outlook Trends (WESO) 2019’

The International Labour Organization (ILO) has recently released World Employment and Social Outlook Trends (WESO) 2019 report. As per the report, unemployment rates will fall to 4.9% in 2019 and remains steady in 2020. The new data gathered for the ..

World Employment and Social Outlook Trends 2019: Key Facts

The International Labour Organisation has released the annual World Employment and Social Outlook Trends for the year 2019. The important features of the report are: Unemployment rates were anticipated to fall to 4.9% in 2019 and are expected to hold ..

Month: Current Affairs - February, 2019

Examining the Government Data on Job Creation

The Prime Minister while addressing the Lok Sabha made the following claims about the creation: New jobs were created in the unorganised sector, which accounts for 80-85 per cent employment. PM cited an increase in the sale of commercial vehicles, ..

Month: Current Affairs - February, 2019

India’s unemployment rate hits a 45 year high of 6.1% in 2017-18

As per the National Sample Survey Office’s (NSSO’s) periodic labor force survey (PLFS), India’s unemployment rate hit a 45 year high of 6.1% in 2017-18. The latest data on unemployment in India is the first comprehensive survey on employment conducted ..

World Day of Social Justice 2018

The World Day of Social Justice is observed every year on February 20 to recognize the need to promote efforts to tackle issues such as poverty, exclusion and unemployment. It is an opportunity to recognize social and economic injustices in ..

What is a Contractionary Policy?

Contractionary Policy refers to the monetary policy which aims to slow down the economy by introducing a reduction in money supply for lesser money and investment. There are many economic tools used by the Central Bank of every nation like ..

Rajiv Kumar committee constituted by NITI Aayog to provide a major thrust to job creation by enhancing India’s exports

NITI Aayog has constituted an Expert Task Force to provide a major thrust to job creation by enhancing India’s exports. It will be headed by NITI Aayog Vice Chairman Dr Rajiv Kumar. The panel will give recommendations on sector-specific policy ..

Labour Bureau Survey and Issue of Low Job Creation

The most recent quarterly survey by the Labour Bureau showed India created only 1.35 Lakh jobs in 2015 in comparison to 9 Lakh in 2011 and 4.19 Lakh in 2013. This indicates that the days of jobless growth are back ..