The recently released quarterly Periodic Labour Force Survey (PLFS) data broadly confirms the dip in employment and jobs during the countrywide lockdown period, followed by a certain degree of recovery in the post-lockdown months last year as have been indicated by various survey-based studies and research papers. The quarterly bulletin on PLFS provides data on key employment and unemployment indicators i.e. Unemployment Rate (UR), Worker Population Ratio (WPR) and Labour...
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Retail inflation eased to 5.6% in July
-The Hindu Industrial output growth halves from 28.6% in May to 13.6% in June Retail inflation cooled slightly to 5.6% in July, slipping below the central bank’s upper tolerance threshold of 6% for the first time in three months, even as industrial output growth halved from 28.6% in May to 13.6% in June, as base effects from the national lockdown of 2020 begin to fade. Food prices at the consumer level played a...
More »The shaky foundation of the labour law reforms -KR Shyam Sundar
-The Hindu It could be a long wait before employers and workers enjoy the so-called benefits extended by the labour codes The National Democratic Alliance government enacted the Code on Wages in August 2019 and the other three Codes, viz., the Industrial Relations Code, the Occupational Safety, Health and Working Conditions Code and Code on Social Security (CSS) in September 2020. Later, it had framed the draft rules albeit incompletely under all...
More »An urban job guarantee scheme is the need of the hour -CP Chandrashekhar and Jayati Ghosh
-The Hindu Business Line Millions of urban Indian residents are struggling without livelihood opportunities. A national urban employment scheme needs to be put in place immediately At long last — and more than a year after the need for such a scheme became obvious — a Parliamentary committee has recommended the institution of an urban employment scheme at the national level. The Standing Committee on Labour stated in its report of August 3,...
More »Less Jobs, Even Lesser Income Crushing People’s Lives -Subodh Varma
-Newsclick.in Besides the dire jobs situation, what is even more distressing is falling income from surviving jobs. People in India are in the grip of a severe income crisis brought on by myopic government policies and aggravated by mismanagement of the pandemic. Part of this economic collapse is because the absolute number of jobs has shrunk. Another part – not much talked about – is because of low incomes from existing jobs. This...
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