-The Hindu India does not create 55 lakh new jobs every year, as claimed by a new report A recent research report titled “Towards a Payroll Reporting in India” authored by the Group Chief Economic Adviser of the State Bank of India and a professor from the Indian Institute of Management, Bangalore has caught the media’s and the Prime Minister’s fancy. Ostensibly, the main objective of the report was to make a...
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A statistical boost to growth in Indian economy -Manas Chakravarty
-Livemint.com While CSO’s GDP growth estimates will be a disappointment, it will very likely be explained away soon as the market tries to find new and innovative reasons to extend the rally For a few quarters, take all year-on-year (y-o-y) growth figures about the Indian economy with a pinch of salt. That’s because they will now be boosted due to the favourable effect of a low base. Since demonetisation and the introduction...
More »Casual employment worst hit after note ban, shows new report
In the 3 months period following demonetisation, most job cuts happened for casual workers. This has been confirmed by the Labour Bureau's latest Quarterly Report on Employment Scenario in selected sectors. Although overall employment increased in the 8 major sectors of the economy by 1.85 lakhs between 1st January, 2017 and 1st April, 2017, employment of regular workers (1.97 lakhs) increased the most, followed by employment of contract workers (26,000...
More »53 thousand casual jobs lost in Jan-Mar, overall employment up by 1.85 lakh
-PTI New Delhi: Casual workers remained the most affected post-demonetisation, with as many as 53 thousand workers losing their jobs in 8 select sector during the first three months of 2017, according to a Labour Bureau survey. However, the overall jobs situation improved in sectors like manufacturing and IT as employment increased by 1.85 lakh during the January–March period across eight sectors at all India level. “There was a positive change of...
More »90% blind IAS officer gives 100% to his job -Alok K N Mishra
-The Times of India The person who finalised recruitment rules pending for about 30 years in a civic body, made it possible for hundreds of employees to be promoted and leads work on improving the ranking of South Delhi Municipal Corporation in Swachh Survekshan 2018 is an IIM graduate. He is also 90% blind. Aman Gupta, a 2013 batch IAS officer of the AGMUT (Arunachal Pradesh-Goa-Mizoram-Union Territories) cadre, works with the assistance...
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