NEW YORK, April 24: Unemployment in the U.S. is swelling to levels last seen during the Great Depression of the 1930s, with 1 in 6 American workers thrown out of a job by the coronavirus, according to new data released Thursday. In response to the deepening economic crisis, the House passed a nearly $500 billion spending package to help buckled businesses and hospitals.
NEW YORK – The shock to the global economy from COVID-19 has been both faster and more severe than the 2008 global financial crisis (GFC) and even the Great Depression. In those two previous episodes, stock markets collapsed by 50 percent or more, credit markets froze up, massive bankruptcies followed, unemployment rates soared above 10 percent, and GDP contracted at an annualized rate of 10 percent or more. But all of this took around three years to play out. In the current crisis, similarly dire macroeconomic and financial outcomes have materialized in three weeks.
Nothing is perfect. The desire to achieve, if not perfect but even close to perfectness, is life’s unyielding truth. Everyone aspires and has goals, everyone starts from square one and sets upon a path to find what we truly want to achieve, the life that we so heartily desire.
KATHMANDU, Aug 2: The government has provided employment to nearly 175,909 people through 6,864 projects across the country run by various local units under the Prime Minister Employment Program in Fiscal Year 2018/19.
KATHMANDU, July 1: With an objective to identifying opportunities and gaps for employment creation and developing a dialogue-led consensus towards tackling pertinent labor and employment issues in Nepal, the government is hosting a two-day ‘National Labor and Employment Conference’ starting Sunday.
KATHMANDU, June 20: The Nepali Embassy in Riyadh, Saudi Arabia, has urged the foreign employment agencies in Nepal not to send any Nepali workers to Saudi Arabia until they were ensured of minimum facilities as determined by the Government of Nepal.
KATHMANDU, May 15: The Human Trafficking Control Section at the Ministry of Women, Children and Senior Citizens (MoWCSC) is planning to work on the concluding observations made in November 2018 by the UN CEDAW (Convention on the Elimination of All Forms of Discrimination Against women) Committee on Nepal's sixth periodic report.
JUMLA, Feb 24: Bhim Prasad Dhital was feeling good on returning back to his village from Kalapahad. He had left for Kalapahad right after Dashain. Locals in Jumla go to various parts of India in search of employment and refer all those destinations collectively as Kalapahad.
I once had the rather unique experience of being an invigilator for the EPS-TOPIK exams conducted in Kathmandu. For those of you in the dark, the EPS TOPIK is the official language exams that you need to clear to be eligible for employment in South Korea. Over the two days that the exams were held, I met Nepalis – by the busload – from every geographical area or, as the politicians are often fond of saying, from Mechi to Mahakali. The busload point is rather important because these folks came from far-flung areas, not in trickles but in droves, in organized systematic fashion.
KATHMANDU, Feb 14: The government has launched its ambitious Prime Minister Employment Program, vowing to guarantee minimum employment of 100 days a year to all citizens. And for those who could not be provided the minimum employment, the government has promised a subsistence allowance. Based on the current minimum wage fixed by the government, this allowance will be around Rs 24,000 per year.
LONDON, Jan 28: British businesses implored politicians on Monday to stop quarrelling over Brexit and agree an orderly exit from the European Union, as some big firms set up emergency situations rooms to cope with the possible tumult of a no-deal divorce.
KATHMANDU, Jan 16: The Ministry of Federal Affairs and General Administration (MoFAGA) has said that the 21-day deadline given earlier to civil servants to file online applications mentioning the adjustments of their choice in the three tiers of government won't be extended.
KHOTANG, Nov 16: The number of students joining the technical schools for technical and vocational education in Khotang district is on the rise of late, thanks to better employment prospects after the graduation in the technical subjects.
KATHMANDU, Nov 15: The meeting of the Colombo Process is taking place in the capital to hold consultations on the common interests and concerns of the migrant workers and to discuss on international migration and work covenants.
Until six months ago, departure of Nepali migrant workers to Malaysia was unhindered, but the agonies, hurdles and pains of our potential and returnee migrant workers were beyond words. However, the Memorandum of Understanding (MoU) on ‘Recruitment, Employment and Repatriation of Workers’ signed on October 29 between the government of Nepal and the government of Malaysia will hopefully make things better for Nepali workers. Thanks to a dozen plus migrants-friendly points.
Every day, more than 1750 passionate Nepali youths with extraordinary ideas leave the nation for foreign employment. TIA sees off many energetic youngsters with hopes of finding a better quality of life. If this trend continues, skilled manpower shortage in our country will peak even higher. Therefore, we have to improvise the system of education in Nepal, encouraging students to be job creators, rather than seekers.
KATHMANDU, Aug 27: The International Labour Organization and the Department of Labour and Occupational Safety jointly launched a smartphone application on public employment service centre amidst a special function in Kathmandu.
SURKHET, July 2: As part of the 'Prosperous Birendranagar: One home, one woman employment' program, depending on the type of their jobs, women can get 50% loan without interest and 50% grant. For the first year of the program, the municipality has sanctioned a budget of Rs 18 million.
KATHMANDU, June 16: Nepal Rastra Bank (NRB) has opened the subscription of the Foreign Employment Bond with an offer of 10 percent interest rate. Through the ‘Foreign Employment Bond 2080’ with the maturity period of five years, the central bank plans to collect Rs 250 million from the Nepalese workers who have been working abroad, nor resident Nepali or those who returned from the foreign employment. This is the third and last edition of the foreign employment bond that the central bank plans to issue in the current fiscal year -- FY2017/18 on behalf of the government.
Thirty Innovation Leaders have been chosen to work with Daayitwa for the YuwaAaja Campaign. According to the press statement released by Daayitwa, the organization aims to enhance the innovation and leadership capability of the youth to help them advocate for progressive social change and favorable policy reforms on youth employment issues in Nepal.
KATHMANDU, May 8: The Council of Ministers has approved the 'inquisition guidelines' to minimize problems related to foreign employment. The guidelines was presented by the Ministry of Labour and Employment.