Local farmers panic as India endorse food security bill, 2013

Indian Food Security Bill 2013 has panicked the Nepali market as experts saying that it would have an adverse impact. Republica reports, “Given Nepal’s increasing dependence on India for food and other farm supplies, introduction of the food security law is all set to weaken the competitiveness of rival products in Nepal. It further reports that the newly passed law is aimed at reducing farm costs, Indian products will be available at far cheaper prices in Nepal itself, compared to the prices of locally produced products.

The government has already endorsed the draft of the Agriculture Development Strategy (ADS) aiming to improve the livelihood of farmers in the country. The effect that is resulted from the Indian Food Security Bill is less important than increasing food insecurity in the country. According to the World Food Program (WFP), people from more than 42 districts in Nepal under food insecurity.

Mismatched labor market: Case from Japan

Ippei Shibata in a working paper argues that the labor market has been sharply mismatched in terms of occupation and employment type. The unemployment rate in Japan is low but it is steadily increasing in last three decades. The 10-year average unemployment rate rose from 2.5 percent in the 1980s, to 3 percent in the 1990s, and to 4.7 percent in the 2000s. 

Shibata asks is the labor market mismatch a big deal in Japan. yes, it has been a problem. “It is an important issue and policy measures and structural reforms that can successfully reduce labor market mismatch in japan will play an important role in the future,” reads the paper making conclusion.