ILO
Gold slips as investors weigh Fed rate outlook
Gold slipped in early Asian trade on Tuesday as investors awaited the US Federal Reserve policy decision next week for signals on interest rates and the broader outlook for monetary policy.
Female AI assistants were paid less money than male ones despite identical skills. What explains this gender pay gap?
Two AI assistants had the same skills, performed identical tasks and used the same technology. Yet, when 189 people were asked to reward them for their work, one received 10.25% less money than the other. The only key difference was how the assistants appeared. This study has raised questions about why gender bias persisted even when people were evaluating machines, and what this could mean as AI assistants become part of everyday working life.
World Teachers’ Day 2026: Date, theme, history and significance; know why October 5 is dedicated to teachers and how the day is celebrated worldwide
World Teachers' Day 2026 is set for October 5, shining a spotlight on the pivotal contributions of educators. This year's theme is centered around the importance of advocating for teachers globally. Celebrations at UNESCO Headquarters will include meaningful discussions about the pressing challenges educators face today, urging both policymakers and society to elevate teachers' statuses amidst issues like the effects of digital technology, climate change, and migration.
Piyush Goyal calls for WTO-compliant approach to correcting global trade distortions at G20 Trade Ministers' Meet
Union Minister of Commerce and Industry Piyush Goyal called for a World Trade Organization-compliant approach to tackle trade distortions and excess capacity during the concluding day of the G20 Trade Ministers' Meeting in Milwaukee, Wisconsin.
Piyush Goyal says India does not have structural excess manufacturing capacity
Piyush Goyal said India does not have structural excess manufacturing capacity in sectors identified by the G20, arguing that Indian production caters to both domestic and global demand. Speaking at the G20 Trade Ministers' Meeting in the US, Goyal also stressed WTO rules, supply-chain diversification, forced labour concerns and the need to preserve policy space for developing economies.
Labour ministry to launch Labour Codes awareness campaign: Mansukh Mandaviya
Speaking at the National Conference on Industrial Relations and Labour, organised by the Confederation of Indian Industry on Monday, Mandaviya said the campaign, which starts from Monday, will cover industrial clusters across 316 districts in all 36 states and union territories over the next 90 days.
Forced labour and import: Reading India’s latest foreign trade policy additions
With this notification in place, India has tried to put a protective layer for the domestic industry from unfair foreign competition.
India in regular touch with Russian Embassy over crew of detained Unity tanker: MEA
India is in regular contact with the Russian Embassy concerning detained crew members. The Unity oil tanker remains detained near Paradip Port due to a court order. This vessel has been recognized as an abandonment case involving Russian seafarers. Outstanding wages and repatriation for the crew are currently pending. A court hearing for crew repatriation is scheduled for September twenty-first.
Gold slips as oil gains strengthen case for elevated interest rates
Gold experienced a decline on Tuesday, influenced by a rise in crude oil prices. Compounding this drop were growing fears over inflation and upcoming Federal Reserve interest rate changes. With a key policy decision expected on Wednesday, benchmark Treasury yields hitting five percent exerted additional pressure on U.S. equities, while other precious metals, including silver and platinum, faced similar downturns.
ILO agrees to reassess India's social protection
The International Labour Organisation will reassess India's social protection coverage to include in-kind benefits such as free ration and state-level schemes. This could increase coverage to over 57% from the current 48.8%. The Indian labour ministry is working with the ILO and gathering necessary data for this reassessment.
Ending forced labour and integrating them into workforce can add $611 billion to global GDP: ILO
A a new paper by the International Labour Organization (ILO), titled Acting Against Forced Labour: An Assessment of Investment Requirements and Economic Benefits, shows that the one-time cost of implementing key interventions to combat forced labour is estimated at $212 billion or 0.14% of global GDP.
India seeks more presence at decision-making level of ILO
India pushes for enhanced representation at ILO by revising criteria to include demographic dividend, global demand-supply gap, and population/labor workforce. This aims for equitable decision-making and strategic alignment with labor-related issues.
ILO doesn't clock in to Narayana Murthy's 70-hour work week model
As per the ILO, the premise that long working hours result in high productivity is a myth. Working excessively long hours on a regular basis has been shown to reduce hourly productivity due to greater fatigue, according to Anoop Satpathy, wage specialist at ILO India.
Global jobs growth will halve in challenging 2023: ILO
At the same time, the number of unemployed people in the world is expected to rise by 3 million to 208 million in 2023, while inflation will eat into real wages, the ILO said in a report on global trends. The scarcity of new jobs will hit countries at a time when many are still recovering from the economic shock of the global pandemic and the coronavirus is tearing through China after Beijing lifted tight lockdown restrictions.
Qatar not reporting all work-linked deaths, ILO says
Qatar is not adequately investigating and reporting worker deaths including unexplained fatalities among seemingly healthy labourers, the International Labour Organisation (ILO) said on Friday.
260 million home-based workers worldwide prior to COVID-19 crisis: ILO
According to Janine Berg, senior economist of ILO and one of the authors of the report, many countries around the world have legislation sometimes complemented by collective agreements that addresses various decent work deficits associated with homework.
India gets Chairmanship of ILO Governing body after a gap of 35 years
Labour Secretary Apurva Chandra has been elected as the Chairperson of the Governing Body of the ILO for the period October 2020-June 2021.
ILO urges governments to prevent workplaces from COVID-19
"All employers need to carry out risk assessments and ensure their workplaces meet strict occupational safety and health criteria beforehand, to minimize the risk to workers of exposure to COVID-19," ILO said in its report on Tuesday.
Countries should place its people at the centre of economic policy to drive growth: ILO
According to ILO report, nations should provide for a social protection floor to all its citizens
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