-The Indian Express As per a report by Betterplace, around 14 lakh jobs will be created in 2020 for blue-collar workers, adding that 80 per cent of the overall demand comes from the gig economy New Delhi: After facing a lay-off in May, Bengaluru-based software engineer Ridhhi Sharma was unemployed for six months. He tried searching for a new position but could not find a suitable one. However, the festive season turned...
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Is the rural economy driving India’s recovery? -Richard Mahapatra
-Down to Earth Government spending has led to demand growth in rural areas; but what if it comes down? Rural India has emerged as the saviour of the shattered Indian economy. From Ratan Tata to the governor of the Reserve Bank of India, everybody is betting on the consumption demand growth in rural areas to boost the novel coronavirus disease (COVID-19) pandemic-stricken economy. There is a lot of talk on the ‘green shoots’...
More »Centre rolls out ₹1.19 lakh-crore stimulus package
-The Hindu Atma Nirbhar Bharat Abhiyan 3.0 includes scheme to incentivise new recruitment. Finance Minister Nirmala Sitharaman on Thursday announced a fresh set of relief and stimulus measures for the economy worth ₹1.19 lakh crore, including a scheme to boost re-employment chances of formal sector employees who lost their jobs amidst the COVID-19 pandemic. The measures, announced a day after the Reserve Bank of India (RBI) said the country had entered into a...
More »AP sees major rise in MGNREGA work amid pandemic, Rs 10.52 crore wages pending -Jahnavi Reddy
-TheNewsMinute.com More than 3 lakh families have already completed the 100 guaranteed workdays under the scheme, according to a report based on data from April to September. More than 3.3 lakh new job cards have been issued this year in Andhra Pradesh under the Mahatma Gandhi National Rural Employment Guarantee Act scheme (MGNREGA), a recent report has revealed. The report, which looks at the implementation of the MGNREGA scheme during the six-month...
More »Employment, finally an election issue -Santosh Mehrotra and JK Parida
-The Hindu Several myths persist about job creation, which can misguide policymaking Jobs are rarely far from the minds of citizenry. Politicians woke up to this fact in the run-up to the Bihar Assembly elections. It is for the first time that unemployment has become a big issue in an election. This is not surprising. Rising unemployment The economy had been slowing for nine quarters prior to the COVID-19 outbreak. Before the 2019 Lok...
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