-Livemint.com The present government has incentivized employers to comply with the EPF law by making their contribution for three years to expand formal sector employment Surjit Bhalla and Tirtha Das’ (B-D, hereafter) background paper, titled All You Wanted To Know About Jobs In India, But Were Afraid To Ask, is now available on the Prime Minister’s Economic Advisory Council (PMEAC) website (goo.gl/Y5CLtF)—a welcome initiative. It claims: “While there are no official employment...
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The signal and the noise in India's jobs data -Tadit Kundu, Udayan Rathore and Pramit Bhattacharya
-Livemint.com The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it New Delhi: Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent...
More »Member of PM's Advisory Council Accused of 'Inventing' Employment Data
-TheWire.in Surjit Bhalla, who draws on CMIE’s database and EPFO data, notes that job creation in 2017 was likely 15 million. New Delhi: The head of the Centre for Monitoring of Indian Economy (CMIE) has accused economist Surjit Bhalla, who is a member of the Prime Minister’s Economic Advisory Council (PMEAC), of distorting and “dishonestly presenting” its nationwide employment survey to claim that India created 15 million jobs in 2017. The CMIE does...
More »1.5 Million Jobs Lost During First Four Months of 2017, Says CMIE
-TheWire.in While this is likely a side-effect of demonetisation, more research is needed to unpack how India’s unemployment rate fell in January-April 2017. New Delhi: The Modi government’s demonetisation decision may have resulted in the loss of roughly 1.5 million jobs, according to new survey data put out by the Centre for Monitoring Indian Economy (CMIE). CMIE’s data is based on the result of consecutive waves of household surveys performed from January 2016...
More »Expect all demonetised money to come back to system: Revenue Secretary Hasmukh Adhia -Khushboo Narayan
-The Indian Express Questions over cost of exercise; will tax black money hoarders, says Adhia Mumbai: THE government expects the entire money in circulation in the form of currency notes of Rs 500 and Rs 1,000 which have been scrapped to come back to the banking system so that the tax authority can trace the transactions and tax black money hoarders, Revenue Secretary, Hasmukh Adhia said on Tuesday. This, effectively, undermines the...
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