A leading magazine covering diplomacy and business, both in print & online
A leading magazine covering diplomacy and business, both in print & online
THE BLUE MOON, a leading monthly magazine on Diplomacy and Business Opportunities , came into existence in 2008 with its online version, www.thebluemoon2008.com. The story of THE BLUE MOON began with the tourism and hospitality industry but widened its horizons to foreign diplomats, international trade and bilateral ties shortly after that. In 2009 the online magazine came in print too. It made its mark with its quality production and written content.
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Talk of arming Ukraine is like adding fuel to fire
Even the talk of supplying sophisticated arms and ammunition to war-ridden Ukraine is like adding fuel to the fire which could one day engulf the world in a turbulent third war of its times. It is nothing less of an instigation to incite the West against the East. Term it whatever you will; the much-publicised aggression of Russia against Ukraine is nothing but meddling into the muddle of East versus West conflict.
In October, India’s unemployment rate rose to its highest level in over two years, with an increase in joblessness particularly noticeable in rural areas. This information comes from the Centre for Monitoring Indian Economy Ltd. (CMIE), a private research firm.
The overall rate increased from 7.09% in September to 10.05% last month, according to data from the CMIE. This is the highest rate since May 2021.
Unemployment in rural areas saw a significant jump from 6.2% to 10.82%, while the urban rate saw a slight decrease to 8.44%.
The weakest monsoon rains in five years have had an impact on farming output in India, the world’s second-largest producer of rice, wheat, and sugar. However, economic activity in urban areas has remained relatively strong, with both manufacturing and consumption sectors expanding.
The government releases a nationwide unemployment rate annually and an urban rate every quarter. The most recent official report, released in October, stated the unemployment rate for the country at 3.2% for 2022-2023.
Economists have come to rely on CMIE data for a more accurate assessment of the labor market. These figures are based on monthly surveys of more than 170,000 households.
While India’s economy is expected to grow more than 6% this year and next, one of the fastest rates in the world, it’s still not quick enough to create jobs for the millions who need them. CMIE data shows that nearly 10 million people entered the job market in October, hoping to find work.
Last month, Indian tech-services outsourcing firms, including Infosys Ltd. and Wipro Ltd., announced plans to halt the hiring of college graduates. This could potentially leave thousands of fresh engineering students without jobs, which could lead to dissatisfaction among the country’s youth and pose challenges for Prime Minister Narendra Modi as he seeks a third term in office.
The International Labour Organization (ILO) has projected a global unemployment rate of 5.2% in 2024, slightly higher than the 5.1% in 2023. The World Employment and Social Outlook Trends: 2024 report notes that working poverty will persist and income inequality will widen.
In the year 2023, India and Europe made significant strides towards strengthening their bilateral relationship. Through a series of strategic engagements and initiatives, both partners sought to deepen their economic ties and pave the way for new opportunities.
If you're interested in watching more videos about trade representatives speaking on behalf of their countries, head over to the International Trade section.
Glimpses of the exhibition and seeking your support also to send back 150,000 girls back to school
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