-The Indian Express The problem is under-employment. It won’t be resolved if the residually-employed are notionally shifted from the informal to formal sector. In an article in January, Soumya Kanti Ghosh and Pulak Ghosh (Ghosh and Ghosh) claimed that seven million new jobs have been created in the formal sector. Their claim is based on the increase in registration under the Employees Provident Fund (EPFO), National Pension Scheme and Employees State Insurance...
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Stop this jobs charade: on India's unemployment problem -Praveen Chakravarty & Jairam Ramesh
-The Hindu India must debate solutions to the employment problem, as a true democracy should and would In January this year, the Prime Minister made this statement: “7 million new jobs created in 2017”. The statement draws on false conclusions of a study by two economists. Here is another: “10-12 million young people join the workforce every year and 7 million new and formal jobs were created in 2017,” said the Minister of...
More »PF data 'stolen' from Aadhaar seeding link -Jayanta Roy Chowdhury
-The Telegraph New Delhi: Hackers appear to have stolen data from the Employees Provident Fund Organisation (EPFO), which manages over Rs 8.5 lakh crore in pension funds, by burrowing through an Aadhaar seeding platform. The EPFO tried to play down the seriousness of the data hack by suggesting that the data busters hadn't managed to break into its servers but had exploited certain vulnerabilities in a gateway which is managed by CSC...
More »Member of PM's Advisory Council Accused of 'Inventing' Employment Data
-TheWire.in Surjit Bhalla, who draws on CMIE’s database and EPFO data, notes that job creation in 2017 was likely 15 million. New Delhi: The head of the Centre for Monitoring of Indian Economy (CMIE) has accused economist Surjit Bhalla, who is a member of the Prime Minister’s Economic Advisory Council (PMEAC), of distorting and “dishonestly presenting” its nationwide employment survey to claim that India created 15 million jobs in 2017. The CMIE does...
More »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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