-The Hindu India must debate solutions to the employment problem, as a true democracy should and would In January this year, the Prime Minister made this statement: “7 million new jobs created in 2017”. The statement draws on false conclusions of a study by two economists. Here is another: “10-12 million young people join the workforce every year and 7 million new and formal jobs were created in 2017,” said the Minister of...
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PF data 'stolen' from Aadhaar seeding link -Jayanta Roy Chowdhury
-The Telegraph New Delhi: Hackers appear to have stolen data from the Employees Provident Fund Organisation (EPFO), which manages over Rs 8.5 lakh crore in pension funds, by burrowing through an Aadhaar seeding platform. The EPFO tried to play down the seriousness of the data hack by suggesting that the data busters hadn't managed to break into its servers but had exploited certain vulnerabilities in a gateway which is managed by CSC...
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 »Treat labour in construction work as formal sector, says Supreme Court -Amit Anand Choudhary
-The Times of India NEW DELHI: In a bid to ensure relief to more than four crore construction workers, the Supreme Court on Monday asked the Centre to treat them as formal sector employees by bringing them within the ambit of social welfare laws and provide benefits like paid maternity leave, Provident Fund and minimum wage. The court directed the Centre to frame a scheme to ensure workers receive proper education,...
More »New metric for jobs growth to include informal economy -Prashant K Nanda
-Livemint.com The govt will count jobs created in establishments deploying less than 10 people, which essentially means that shops run by one owner and one employee too will be counted as employment generation New Delhi: Expanding the scope of job creation in the country, the National Democratic Alliance (NDA) government has now decided to start counting jobs created in the non-farm informal sector. The government has asked labour bureau under the Union labour...
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