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Note ban effect? Contract, casual workers worst hit in Q1FY18, says study

-PTI The self-employed experienced a positive change of 3,000 and employees experienced a positive change of 61,000 New Delhi: Contractual workers and casual labourers are among the worst hit during the April-June quarter of the current financial year with manufacturing reporting 87,000 job loss, said Labour Ministry survey. However, the overall employment in the eight selected sectors as per the quarterly survey of Labour Bureau, a wing of the labour ministry, increased...

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Data Set for Modi's '7 Million Jobs' Claim Badly Maintained, '30-40% Unclean' -Somesh Jha

-TheWire.in/ Business Standard The Employees’ Provident Fund Organisation data analysed by researchers showed that in some cases, members have received contributions even before their joining date. New Delhi: A presentation made by State Bank of India chief economist Soumya Kanti Ghosh and Indian Institute of Management-Bangalore professor Pulak Ghosh to the Prime Minister’s Office (PMO) in January captured how subscriber data is shoddily maintained by the Employees’ Provident Fund Organisation (EPFO) –...

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Labour Bureau's new report indicate layoffs of casual & contract workers in Q1 of 2017-18

  The declining trend in organized sector employment (i.e. in establishments employing 10 or more workers) continued in the first quarter of 2017-18. The sixth round of the Quarterly Report on Employment Scenario in selected sectors (as on 1st July, 2017), which was released in February this year, confirms this. The Labour Bureau’s latest report says that the net number of jobs created in the 8 major sectors of the economy was...

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Too clever by half? -Venkatesh Athreya

-Frontline.in Despite its deeply flawed neoliberal perspective, Economic Survey 2017-18 is rich in detail, has many useful analytical discussions at different levels of aggregation, and would serve as a useful resource for students and scholars. When Arvind Subramanian, the present Chief Economic Adviser to the Ministry of Finance who took office way back in October 2014, presented his first Economic Survey, the one for 2014-15, there was considerable novelty on offer, at...

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Another Budget, Another Year of Ignoring Binding Laws on Rights -Nikhil Dey and Aruna Roy

-TheWire.in The making of the Union Budget has been a far too secretive and hidden exercise. Social sector expenditure and allocations related to policy announcements should be matters of open ongoing debate. On December 20, 2017, a group of 60 eminent economists sent an open letter to the finance minister stating: “We are writing to draw your attention to two urgent priorities for the forthcoming budget.” The first was to increase the central...

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