-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...
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Rajasthan’s Migrant Workers Adapt In Changing Job Market -Sunaina Kumar
-IndiaSpend.com New Delhi: At 7 a.m. every day, Vala Ram Gameti, 32, sets off from his home at Koviya village in southern Rajasthan to the nearest market, about 3 km away. He takes an hour for the day’s prep--chopping onions, carrots, cabbage, and stewing sauces. By 9 a.m., he pulls up the shutters of Bankyarani Chinese Corner, “the FIRst-ever Chinese food stall in the area” as he proclaims it to be....
More »Dhanbad cracks down: FIRs filed against 105, report says should probe phone records -Abhishek Angad
-The Indian Express The report, prepared by a probe team led by the Additional District Magistrate (Law and Order), calls for further investigation of Call Detail Records (CDRs) of key suspects and their connections. Ranchi: Moving in to probe the scholarship scam, the district administration of Dhanbad in Jharkhand has filed FIRs against 105 people, including middlemen and local officials, based on the findings of an investigation by The Indian Express into...
More »Recession: July-Sept GDP to contract 8.6%, estimates RBI
-The Indian Express The RBI, however, said the economy will break out of contraction of the six months gone by and return to positive growth in the October-December quarter of 2020-21. Mumbai: The Indian economy likely entered into a technical recession for the FIRst time in history at the end of the FIRst half of 2020-21, according to the Reserve Bank of India. After an unprecedented decline of 23.9 per cent in GDP...
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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