Put gender equality at the heart of post-Covid-19 economic recovery: ILO

The coronavirus pandemic is disproportionately affecting women workers and governments should prioritise policies that offset the effects the crisis is having on their jobs, International Labour Organisation (ILO) has said.

Before the onset of Covid-19, many women were excluded from the labour market. The pandemic has made things much worse, said Valeria Esquivel, senior employment policies and gender officer.

“It is disproportionately affecting women workers who are losing their jobs at a greater speed than men. More women than men work in sectors that have been hard hit by the economic fallout from pandemic like as tourism, hospitality and garment sector.”

Esquivel said large numbers of domestic workers most of whom are women are also at risk of losing their jobs. The vast majority of health workers are women which raises the risk of them catching the virus.

Moreover, she said, the fragility of their employment situation coupled with reduced access to labour and social protection has meant that women have found they are particularly vulnerable to the pandemic, even in sectors which until now have experienced less disruption.

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Oil India posts Q1 loss at Rs 249 crore due to slump in oil prices

Ltd on Saturday reported a net loss of Rs 249 crore in the first quarter of current fiscal year as compared to a net profit of Rs 625 crore in Q1 FY20.

The loss was largely due to price realised for oil the company produced dropped to 30.43 dollars per barrel in Q1 FY21 as compared to 66.33 dollars a barrel in the same period of previous fiscal.

“The global spread of Covid-19 and collapse in understanding between OPEC and Russia on continued production cuts led a sharp fall in international crude oil prices,” said in a statement.

The company produced 0.75 million tonnes of crude oil during April to June, down marginally from 0.81 million tonnes a year ago. Natural gas output too was marginally lower at 0.68 billion cubic metres (bcm) from 0.71 bcm in Q1 FY20.

As a result, total income in Q1 FY21 slipped to Rs 1,874 crore from Rs 3,496 crore in Q1 FY20.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated

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Libya Ceasefire First Step On ‘Arduous’ Path To Peace

A surprise ceasefire announcement by Libya’s rival administrations offers a glimmer of hope for peace, but analysts caution scepticism after years of violence and as multiple foreign forces back opposing sides.

Fayez al-Sarraj, head of the UN-recognised Government of National Accord (GNA), based in the west in the capital Tripoli, and Aguila Saleh, speaker of the eastern-based parliament backed by military strongman Khalifa Haftar, each announced a ceasefire on Friday.

The leaders, in separate statements, said they wanted to end fighting and hold elections, drawing praise from the UN, the EU and several Arab countries.

Emhemed Shoaeb, a key member of talks that led to the last major agreement in 2015, said the announcement was a step “in the right direction” that showed a “desire to break with the madness” of the past.

European Union diplomatic chief Josep Borrell described it as a “constructive first step forward”.

But international pressure has sought to bring Libya’s leaders to an agreement several times in past years, and a lasting deal has yet to be reached.

“This is but one step in what will be an arduous process, especially since local parties distrust not only one another, but also international parties involved,” said

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