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LATEST NEWS UPDATES | Parliamentary panel recommends money in banks, social security measures for informal workers

Parliamentary panel recommends money in banks, social security measures for informal workers

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published Published on Aug 3, 2021   modified Modified on Aug 11, 2021

-The Hindu

‘Pandemic has made matters worse for women, the young, self-employed, migrants’.

Direct transfer of money into bank accounts of informal workers and an urban employment guarantee scheme were among the recommendations of the Parliamentary Standing Committee on Labour in its report on the impact of the pandemic on rising unemployment and job loss.

The report, which was presented in the Lok Sabha and tabled in the Rajya Sabha on Tuesday, said: “The pandemic has devastated the labour market, denting the employment scenario and threatening the survival of millions of workers and their families.” The panel, which is chaired by Bhartruhari Mahtab, called on the government to improve social security measures for workers.

Citing the Periodic Labour Force Survey (PLFS), the report said 90% of workers were in the informal sector, which is 419 million of the 465 million workers. The PLFS quarterly bulletin for April-June 2020 showed the unemployment rate in urban areas for those above 15 years at 20.8%, an increase from 9.1% in January-March 2020.

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The Hindu. 3 August, 2021, https://www.thehindu.com/news/national/parliamentary-panel-recommends-money-in-banks-social-security-measures-for-informal-workers/article35703931.ece


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