THINK LABOR To Keep Up With Everything Skilling & Employment |
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Hi Reader, Today, we stand at the brink of change, brought about by a pandemic, multiple lockdowns and an abrupt pause to our lives. Amidst this upheaval, we must ask some pertinent questions and reflect, before we adapt to the ‘new normal’. How is COVID -19 shaping our world? Should we redefine and re-imagine skilling in this post-pandemic world? Can technology and innovation help in addressing the skill mismatch among the youth? These are some of the broad themes we explore in this month’s newsletter. We also present to you “Women@Work” stories, a series on strength and sheer tenacity of women to transform their lives, by venturing into entrepreneurship. |
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Post-Pandemic Prospects for Youth |
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GLOBAL ECONOMIC PROSPECTS The World Bank's report highlights how the economy is witnessing a strong but uneven recovery leaving behind poor countries and vulnerable groups, with vaccination access being one of the key determinants. Global inflation is expected to rise this year but will remain within target ranges for advanced economies and a half of emerging markets and developing economies. There is a need for an expansionary monetary policy to recover, with rising inflation may force them to tighten the policy before they achieve full recovery. Reduced food insecurity can be addressed through safety net programmes and targeted social protection measures such as cash and food transfers. |
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| | Shaping Skills for the Future of Work 6 MIN READ Technological change, globalisation, climate change along with demographic change are transforming the world. However, new opportunities also pose new challenges for people trying to adapt to evolving technologies. Skills mismatches are a growing challenge in labor markets. Read this report to find out how this can be tackled for future generations. | | |
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| | Upskilling for Shared Prosperity 4 MIN READ The pandemic has exposed structural weaknesses in institutions and economies. This report realizes that our economies are no longer delivering what people need. There is an urgent need for large-scale upskilling and reskilling. Hence, leaders from across sectors and geographies need to work together to turn this crisis into an opportunity. | | |
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News from across the Sector |
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| | Microsoft India has launched an internship program “Future Ready Talent” for 1.5 lakhs undergraduates as a measure to tackle unemployment with cutting edge digital skilling. | | |
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| | DigiSaksham: A joint initiative program led by the Labour Ministry and Microsoft India supporting youths from by providing digital skilling programs through National Career Service. | | |
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| | Aptech launches an Ed-tech initiative with various education brands offering skilling programs and certificate courses to yield mass employment opportunities. | | |
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| | HippieSaaz What started out with Neha idly scrolling through Pinterest has become one of the trendiest home decor brands in India. As Neha has written on her newly developed website, “from happiness to hippieness, takes care of it all.” | | |
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| | Empowerment Nafisa Bano, a professional beautician in Odisha, has an inspiring story and has set an example for hundreds of women. Nafisa, a student, beautician, and of course entrepreneur, started the first beauty parlor in her village. | | |
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