-National Herald Maitreesh Ghatak, Professor of Economics at London School of Economics, in an interview to Tathagata Bhattacharya says the government has failed on many counts At the end of the day, it is growth and employment generation via new investment that is key to long-term economic progress. Various welfare schemes are a way of providing a social safety net to the poor in the short-run. It is performance along these two...
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Jobs growth claims in India: a fact check -R Nagaraj
-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...
More »The Tragi-Comedy of Jobs Numbers -Subodh Varma
-Newsclick.in In the latest govt. release of EPF and ESI numbers, the chaos in industry is revealed – not job situation. What was started last year as a trial balloon has now become a joke, after getting sanctified by everybody in the govt., from PM Modi downwards. Yesterday, the govt. released new numbers on how many people enrolled in three of its social security schemes, provident fund (EPF), employees health insurance (ESI)...
More »Six million people quit jobs in 10 months till June, shows govt data -Prashant K Nanda and Asit Ranjan Mishra
-Livemint.com While 10.7 million additional employees joined EPFO between September 2017 and June 2018, at least 6.04 million stopped subscribing to it: Government New Delhi: At least six million people, about 4.6 million of them under 35 years of age, left their Formal Jobs in the 10 months ending June and may or may not have rejoined work, according to payroll data released by the government on Friday. This is the first time...
More »Govt's flip-flop on jobs data continues, impacts credibility -Prashant K Nanda
-Livemint.com The ministry of statistics claims that the payroll data for the most recent months are provisional and again, data for every month is being revised New Delhi: The government’s latest payroll data sourced from the Employees’ Provident Fund Organisation (EPFO) points towards the fact that earlier growth numbers may have been exaggerated. In April, when the centre first released the jobs data, it said that between September 2017 and February 2018, India...
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