-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...
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Note Ban Hurt Daily Wagers, Contractual Jobs, Shows Government's Own Survey -Somesh Jha
-TheWire.in In January-March 2017, regular jobs rose while jobs for contract workers slowed to 26,000 against 1,24,000 in the previous quarter. New Delhi: The government’s Demonetisation of high-value currency notes in November last year affected job creation among daily wagers and contract workers, even as regular jobs continued to grow, shows the latest official survey of enterprises, issued by the Labour Bureau. During January-March 2017, job creation stood at 185,000 against 122,000 in October-December...
More »Country's organised sector created 4 lakh jobs in 2016-17
-The Times of India NEW DELHI: India's organised sector created a little over 1,100 jobs a day in 2016-17 which totalled up to 4.16 lakh new jobs for the entire year. The rate of job creation was 2% higher than 2015-16. Last quarter of 2016-17, the hardest hit by the Demonetisation, saw much higher job creation than the previous three quarters of the year, claims the quarterly report on employment scenario,...
More »Economist rues rise of hate -Devadeep Purohit
-The Telegraph Calcutta: Economist Kaushik Basu on Friday regretted the rise of a "narrow-minded" approach and "hatred" in the country. Basu, the C. Marks professor of international studies and professor of economics at Cornell University, made the observation while delivering a lecture on"economics and morality" in memory of Swami Lokeswarananda of the Ramakrishna Mission. "In today's India, we are getting narrow-minded. There is hatred among people," rued the former chief economist of the...
More »FRDI Bill: Depositors' money safer than ever, says Arun Jaitley -Avishek G Dastidar
-PTI FRDI Bill: Jaitley says no need to create fear psychosis, government will consider what panel recommends The Money of all depositors in public-sector banks will be protected and the level of protection will be “much higher than the level which existed till today,” Finance Minister Arun Jaitley told Lok Sabha Thursday. Talking about the Financial Resolution and Deposit Insurance (FRDI) Bill 2017 during his reply to the debate on Supplementary...
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