-Hindustan Times With demonetisation set to reduce India’s economic growth by 1% over the next one year, the job market is likely to see over 400,000 job cuts. You should worry if you work in the e-commerce sector, since firms could handover around 200,000 pink slips in the next one year. “Cash on delivery being almost 70% of the overall e-commerce business, the sector is likely to take a hit and lose...
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Demonetisation effect: 2,500 lose Jobs as Howrah jute mill shuts -Bibhas Bhattacharyya
-Hindustan Times A jute mill in West Bengal’s Howrah district has temporarily closed down citing its inability to pay workers in the absence of Rs 500 and Rs 1,000 notes that were scrapped by the Narendra Modi government. The notice by the management of Sree Hanuman Jute Mills that threw about 2,500 workers out of Jobs was issued around 10pm on Monday, on a day chief minister Mamata Banerjee apprehended a loss...
More »Every 3rd Indian migrant, most headed south -Zeeshan Shaikh
-The Indian Express Census 2011 data shows a 98% increase in Tamil Nadu’s migrant population, 77% in Kerala’s; 69% of migrants are women . MIGRATION patterns in India are increasingly reflecting the economic divide in the country, with more migrants over the last decade heading to the southern states, which have grown at a faster clip during this period. According to Census data released on Thursday, southern states, especially Tamil Nadu and Kerala,...
More »Demonetisation leaves rural residents jobless -S Senthalir
-The Hindu Delay in monsoon has compounded the problems of farm labourers from Bahour commune Puducherry: The double whammy of demonetisation and delay in monsoon has crippled the rural population of Puducherry as they struggle to make their ends meet. The demonetisation move has brought the construction activity across the rural areas to a standstill, throwing thousands out of Jobs and without money. The construction sites in rural areas of Bahour, Villianur, Mannadipet...
More »Sowing season hit by demonetisation: Central team red-flag loss of rural Jobs -Anubhuti Vishnoi
-The Economic Times NEW DELHI: The 81 bureaucrats, who were dispatched by the Centre in teams of three to study the impact of demonetisation on the ground, have red-flagged loss of livelihood in rural areas, particularly in the non-formal sectors, and highlighted the negative impact on the farm sector in the sowing season. Officials told ET that these confidential reports were submitted last week and are now being examined for further action....
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