-TheWire.in Most of the outreach efforts of the finance ministry to explain and create awareness about the GST have been with the bigger industry players. It is becoming increasingly clear that that neither the Centre nor states are adequately prepared to launch the goods and services tax (GST) on July 1. The sheer multiplicity of taxes, as also different tax slabs for the same commodity or service, is a problem which has...
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India has lost 550 jobs a day in last 4 years: Study
-PTI Job creation in India successively slowing down; employment might shrink 7 million by 2050 As many as 550 jobs have disappeared every day in last four years and if this trend continues, employment would shrink by 7 million by 2050 in the country, a study has claimed. Farmers, petty retail vendors, contract labourers and construction workers are the most vulnerable sections facing never before livelihood threats in India today, the study by...
More »Bridging the skill gap -Santosh Mehrotra
-The Hindu A levy on firms, resources from which are earmarked for vocational training, is what could help the country bridge the skill gap in its workforce. Financing technical vocational education and training (VET) is costlier than general education due to its technical nature. Pre-service training requires the installation of equipment and trained instructors to train youth. This raises the cost of training, and remains a factor preventing pre-service training from expanding...
More »The Private Sector’s Commitment to the National Skill Development Programme is Shaky -Santosh Mehrotra
-TheWire.in The number of people needing technical and vocational education is at least 20 million per year, but the system is barely churning out 5 million per year. In India until the middle of the 2000’s, employers were hardly interested in training within their own enterprises, let alone the system outside their enterprises. However, rapid GDP growth during those years led to a serious shortage of skilled staff. The government of India...
More »India’s jobless growth is undermining its ability to reap the demographic dividend -Christophe Jaffrelot
-The Indian Express The last quarterly survey by the Labour Bureau showed that India has never created so few jobs, since the survey started in 2009 The last quarterly survey by the Labour Bureau showed that India has never created so few jobs, since the survey started in 2009, as in 2015: Only 1.35 lakh jobs compared to more than nine lakh in 2011 and 4.19 lakh in 2013 in eight labour-intensive...
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