-ILO News Despite real wage growth, inequality, informality and gender wage gap persist. New Delhi: While India’s economy in the past two decades has seen an annual average GDP rate of 7 % — Low Pay and inequality persist according to the India Wage Report: Wage policies for decent work and inclusive growth , published by the International Labour Organization. The NSSO estimates also indicate that the real average daily wage has doubled...
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Ramesh Chand, member, NITI Aayog, interviewed by Seetha (Firstpost.com)
-Firstpost.com The recent increases in minimum support prices have attracted two criticisms from two opposite sides. One is that this is less than what farmers deserve, the second is that this is populist and ignores larger macro side effects. The increase in fair remunerative price for sugarcane has also been criticised for not adequately addressing the woes of the sugar sector. Ramesh Chand, member, agriculture, NITI Aayog talks to Firstpost on...
More »EPFO payroll data shows 4.4 million jobs created in 9 months till May
-PTI EPFO’s latest data shows the new members enrolment in May is the highest so far in last eight month at 7,43,608 New Delhi: Retirement fund body EPFO’s payroll data suggests that as many as 4,474,859 jobs created during September 2017 to May this year. However, the retirement body lowered earlier estimate of new members enrolment by 9.57%, from 4,126,138 to to 3,731,251 for September 2017-April this year. According to the payroll data...
More »Leaders from Oppn, BJP pointed out 'corruption' in tur procurement; Maharashtra yet to take firm action -Partha Sarathi Biswas
-The Indian Express The procurement process also faced several allegations of corruption and favouritism. However, even months after the concerns were raised, the government is yet to take any action on them, reveals the RTI. Pune: Across party lines, political leaders had raised questions about the process to procure over 3 lakh tonnes of tur by the National Agricultural Cooperative Marketing Federation of India Ltd, or NAFED, last year, revealed response to...
More »New EPF enrolment during Sep., 2017 to Apr., 2018 confined to a few industries & states, indicates data
A document of the Ministry of Statistics and Programme Implementation (MoSPI) dated 25th June, 2018 says that the number of members subscribing to the Employees' Provident Fund (EPF) scheme gives one an idea of the level of employment in the formal sector viz. mostly employment in establishments employing 20 or more persons (though EPF is applicable for certain organisations, which employ less than 20 persons, subject to certain conditions and...
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