-PTI NEW DELHI: The government on Thursday announced a cut in contributions made by Employers and employees toward the health insurance scheme of Employees' State Insurance Corporation (ESIC) to 4 per cent from the existing 6.5 per cent, a move which would lead to an estimated annual saving of around Rs 5,000 crore for firms. The reduced rates will be effective from July 1, 2019, the labour ministry said in a release....
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No sick leave, job rotation: India's gig workers are overworked, underpaid -Prachi Salve & Shreehari Paliath
-Business Standard/ India Spend Another limitation of employment at app-based companies is the lack of avenues for professional growth Arif*, 28, shuffled uncomfortably in the driver’s seat of his Maruti Wagon R as he tackled the crowded streets of Lower Parel, Mumbai’s arterial business district, on a sultry April 2019 evening. A hit track from the recent Hindi movie Gully Boy played on the music system but it did nothing to drown...
More »The self-employment conundrum -Arindam Gupta
-The Telegraph Funding small entrepreneurs will require more bank loans, preferably collateral-free, which will generate more NPAs The government has been compelling banks to adopt a softer lending policy to promote self-employment. The Pradhan Mantri Mudra Yojana, launched in 2015, provides collateral-free loans to small entrepreneurs outside the farming sector in three categories: Rs 50,000 loan in the ‘Shishu’, Rs 5,00,000 in the ‘Kishore’ and Rs 10,00,000 in the ‘Tarun’ segments respectively....
More »Centre to incentivise work-from-home jobs -Yuthika Bhargava
-The Hindu Govt. working on scheme to offer financial support to both Employers, employees in IT/ITES sector The government is working on a scheme to push work-from-home jobs in the IT sector by offering financial incentives to both employees and Employers. “Incentivising work-from-home jobs through policy-level initiatives can help in creating jobs in the ITES domain while increasing the available talent pool for the sector. This will create employment opportunities in the IT/ITES...
More »Learning to compete: on Skill India -Santosh Mehrotra & Ashutosh Pratap
-The Hindu Skill India needs a sharp realignment if it is to meaningfully transform people’s life chances In 2013, India’s skill agenda got a push when the government introduced the National Skills Qualification Framework (NSQF). This organises all qualifications according to a series of levels of knowledge, skills and aptitude, just like classes in general academic education. For instance, level 1 corresponds to Class 9 (because vocational education is only supposed to...
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