Cmie

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Indian techies struggle as jobs crisis worsens: Votes of jobless youths can hurt Narendra Modi's chances in LS polls, say critics
India

Indian techies struggle as jobs crisis worsens: Votes of jobless youths can hurt Narendra Modi's chances in LS polls, say critics

These engineers struggling to find jobs highlight Narendra Modi's difficulty in creating jobs by boosting manufacturing under 'Make in India' as promised in 2014.

Unemployment crisis in India: Engineers struggle for work as growth in manufacturing sector slows down
Business

Unemployment crisis in India: Engineers struggle for work as growth in manufacturing sector slows down

The increasing use of automation in industry, the massive number of young Indians coming onto the job market, and the regulatory hurdles that companies still face if they want to set up shop in India, are all big issues for those without work

Unemployment rate in February climbs to 2.5 year-high of 7.2% despite fall in number of job seekers: CMIE data
Business

Unemployment rate in February climbs to 2.5 year-high of 7.2% despite fall in number of job seekers: CMIE data

When the government has released official data for the jobless rate in the past it has tended to be out-of-date. But recently it withheld a batch of data because officials said they needed to check its veracity.

Jobs numbers: Govt is fighting a big trust deficit on data credibility; budget was a missed opportunity to clear the air
Business

Jobs numbers: Govt is fighting a big trust deficit on data credibility; budget was a missed opportunity to clear the air

A range of data releases including labour bureau survey numbers, CMIE numbers and ground level indicators also have been pointing out a major problems in job generation in the economy.

NSSO data confirms India's jobs crisis: Unemployment at 45-year high of 6.1%, way out is to make economy grow
Business

NSSO data confirms India's jobs crisis: Unemployment at 45-year high of 6.1%, way out is to make economy grow

The problem of unemployment is very serious and the only way to go ahead is to make the economy grow which happens gradually over time.

Budget 2019: With signs of rural distress looming large on economy, MGNREGA could be hope for bringing some cheer
Business

Budget 2019: With signs of rural distress looming large on economy, MGNREGA could be hope for bringing some cheer

It remains to be seen whether the increased allocations will help manage clearing the wage dues as labour wage expenditure has already crossed Rs 55,000 crore under MGNREGA this year.

Can't measure unemployment rate based on CMIE data; loopholes in survey has lead to inconsistency in results
Business

Can't measure unemployment rate based on CMIE data; loopholes in survey has lead to inconsistency in results

In the quarter ending in December 2018, the unemployment rate among all occupation groups stood at 6.6 percent.

Firstpost Editor's Picks: Quota for upper castes, Yogi's tax to build cow shelters, Ravi Shastri on Team India, today's must read stories
India

Firstpost Editor's Picks: Quota for upper castes, Yogi's tax to build cow shelters, Ravi Shastri on Team India, today's must read stories

From 10 percent reservation for economically backward upper caste, Yogi Adityanath government imposing 0.5 percent cess to build cow shelters, Ravi Shastri's 'best travelling Indian team in the last 15 years' proving true, today's must-read stories

Congress asks Narendra Modi not to 'hoodwink' country on jobs, says govt has no major achievement to show for itself
India

Congress asks Narendra Modi not to 'hoodwink' country on jobs, says govt has no major achievement to show for itself

Congress accused Narendra Modi of hoodwinking the country by playing with statistics on job creation. Spokesperson Pawan khera said prime minister wanted people to believe that its failures are the "achhe din"

Tata Motors, Mahindra top R&D spenders in auto industry; 25 automakers invested Rs 6,344 cr in 2016-17
Business

Tata Motors, Mahindra top R&D spenders in auto industry; 25 automakers invested Rs 6,344 cr in 2016-17

The five biggest spenders on R&D were Tata Motors, M&M, Maruti Suzuki India (MSI), Honda Cars India and Ashok Leyland

India now sixth largest economy: What does it mean for the average Indian? Not much, if you drill down numbers
Business

India now sixth largest economy: What does it mean for the average Indian? Not much, if you drill down numbers

The average Indian is far poorer than the average Frenchman if one compares per capita income at PPP. The Modi government must move quickly to fix cracks in the 71-year old economy

World Bank India GDP estimate: Eight reasons why forecast must be taken with a pinch of salt
Business

World Bank India GDP estimate: Eight reasons why forecast must be taken with a pinch of salt

The euphoria over the GDP numbers is a misplaced triumphalism as they do not in any way reveal a sustainable revival in Indian economy

GDP data: Why demonetisation continues to affect consumer sentiment despite rosy numbers
Business

GDP data: Why demonetisation continues to affect consumer sentiment despite rosy numbers

Analysts said that consumption is likely to slow down in March due to demonetisation and high base last year

Why is PM silent on specifics of black money, political funding?
Business

Why is PM silent on specifics of black money, political funding?

If the government can insist the common man to change their cash transactions to digital mode, why can’t it ask the same of political parties, too?

Demonetisation: Unemployment rate fell in Nov but has picked up in Dec, says CMIE's Mahesh Vyas
Business

Demonetisation: Unemployment rate fell in Nov but has picked up in Dec, says CMIE's Mahesh Vyas

Our experience in being able to track the impact of demonetisation on unemployment vindicates our view that a fast-frequency measure is critically important in this world where uncertainties seem to increase every day.

Raghuram Rajan RBI policy today: 3 reasons why he can go for a surprise rate cut
Business

Raghuram Rajan RBI policy today: 3 reasons why he can go for a surprise rate cut

The likelihood is a status-quo in the policy rates. But, one shouldn’t be surprised if Rajan chooses to go for a 25 bps surprise rate cut.

Market rout: Modi magic is all but gone, welcome to the real economy
Business

Market rout: Modi magic is all but gone, welcome to the real economy

The Modi magic that worked wonders for stock markets is long dead and gone. It’s time for the government to acknowledge the actual state of the economy and work on solutions