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ILO flags risk of excessive heat to 2.4 billion workers globally; Outdoor workers in countries like India at high risk
Down to Earth - Out of a global workforce of 3.4 billion, over 2.4 billion workers are likely to be exposed to excessive heat at some point during their work. Read more
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Main Observations of India Employment Report 2024 by ILO
July 16 WHAT? The India Employment Report 2024, jointly published by the International Labour Organisation (ILO) and the Institute for Human Development (IHD) in March 2024, examines youth employment challenges in India over the past two decades (2000–2022), with a postscript for 2023. It draws on data from National Sample Surveys (NSS), Periodic Labour Force Surveys (PLFS), Annual Survey of Industries, National Account Statistics, and RBI-KLEMS database, focusing on employment, education, and skills in the context of...
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What is the Employment Linked Incentive (ELI) scheme?
July 04 WHAT? The Employment Linked Incentive (ELI) Scheme is a significant government initiative in India, announced in the Union Budget 2024-25, aimed at boosting formal job creation, enhancing employability, and expanding social security. Approved by the Union Cabinet on July 1, 2025, the scheme is part of a broader ₹2 lakh crore package targeting 4.1 crore youth over five years. With a specific outlay of ₹99,446 crore, it seeks to generate over 3.5 crore jobs, focusing on first-time employees and the manufacturing...
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Work demand under MGNREGA job scheme increased by 4.2% in May, shows data
June 02 SUMMARY In May 2025, the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) witnessed a 4.2% increase in work demand compared to the same month in the previous financial year. Approximately 28.32 million rural households sought employment under the scheme during this period. This surge aligns with historical trends, as May typically sees heightened demand for MGNREGA work due to the lean agricultural season, when traditional farming activities wane. Notably, the May 2025 figures represent one...
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Heat waves, cyclones hit stock markets across Asia, signaling problems ahead
April 26 Stock pickers in some of Asia's key markets are being pounded by a series of extreme weather events, from heatwaves to flooding, signalling the difficulties ahead as El Nino-related risks rise and climate change accelerates. Extreme weather has always been part of the cost of doing business by the frequency of such events is increasing. The volatility linked to them isn't limited to just Asia, but it certainly the region where the impact on stock markets has been outsized so far this year. India's...
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