The April 2018 World Economic Outlook (WEO) by the International Monetary Fund (IMF) discusses the trends in manufacturing jobs and their implications. Chapter 3, by Bertrand Gruss and Natalija Novta, concludes that the decline in manufacturing jobs is not necessarily a cause of concern. The belief that a smaller manufacturing sector implies slower economic growth and a scarcity of well-paying jobs for low- and middle-skilled workers—therefore contributing to worsening inequality—might not hold true.
THE ABDUCTION of seven Indians on Sunday has brought attention to India’s projects in Afghanistan, which have crossed $2 billion in the last 16 years.
Manila: Proceeds from the goods and services tax (GST) will continue to grow, enabling India to step up public spending on infrastructure, which would in the medium term result in faster economic growth, Asian Development Bank chief economist Yasuyuki Sawada said in an interview.
BHUBANESWAR:Awareness programme for skill development, livelihood and entrepreneurship will be organised in 164 blocks of the State on May 5 as part of ‘Gram Swaraj Abhiyan’. Union Minister for Skill Development and Entrepreneurship Dharmendra Pradhan will attend the State-level programme in Khurda and Union Tribal Affairs Minister Jual Oram will attend various programmes in Sundargarh district.
The government is pumping money into villages to drive various development schemes as it goes into mission mode on rural uplift ahead of next year’s general election. The surge led by the rural development ministry has intensified efforts in areas such as the jobs guarantee programme, home construction, road building and local government as part of efforts to meet targets, some of them ahead of time.
According to New Delhi government data, all of India’s 597,464 census villages have been electrified.
The last village to be brought on the national power grid was Leisang in the Senapati district of Manipur at 5.30pm on Saturday.
The rural villages have been connected to the grid via the government's Deen Dayal Upadhyaya Gram Jyoti Yojana programme.
BARNALA: Author and veteran journalist P Sainath stressed the need to declare agriculture a public service with a guarantee of minimum wages during a lecture held at Tarksheel Bhawan. He also urged farmers to do away with corporate control on agriculture.
MUMBAI: Indian farmers are likely to expand soybean planting areas by nearly 15 percent after the government raised edible oil import tax to the highest level in more than a decade, lifting domestic oilseed prices to nearly two-year highs, a trade body said.
To turn into reality Prime Minister Narendra Modi’s vision of doubling farmer’s income, the government is working on an agricultural export policy that aims at increasing exports of agricultural products. The policy aims to boost the agriculture export up to 60 billion dollars by 2022-23, which is currently at $35 billion, from $42.6 billion in financial year 2013-14.
LUCKNOW: Development bank Nabard said it has provided an assistance of Rs 10,012 crore to Uttar Pradesh during 2017-18 to facilitate overall development with special focus on agricultural credit.
"This has been achieved through commercial banks, RRBs and cooperatives, infrastructure development through dedicated funds, strengthening of rural financial institutions, women empowerment through Self Help Groups, micro-finance and several other new initiatives," Nabard Chief General Manager A K Panda said in a release here.