-The Hindu Business Line India’s manufacturing needs higher investment in education and R&D to become self-reliant and technologically competent The share of manufacturing in India’s GDP has stagnated at 16 per cent since 1991, despite economic reforms. No country ever became a manufacturing force without (a) a design capability; and (b) an institutional system that incentivises and sustains innovations. India needs a system to develop human and technical capabilities at both the...
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Over 6.84 lakh vacant posts in central government departments
-PTI * Of the total sanctioned strength of 38.02 lakh, 31.18 lakh were filled as on 1 March 2018, according to a written reply by Minister of State for Personnel Jitendra Singh * Vacancies in central government are caused due to retirement, death, promotion, he said New Delhi: Amid chorus over lack of jobs, the government Wednesday said over 6.84 lakh posts were vacant in different departments under it. Of the total sanctioned strength...
More »Retail policy put on fast track
-The Telegraph The commerce ministry has also formed a committee to address the concerns of stakeholders on the draft e-commerce policy The government plans to come out with a draft national retail policy in the next 10 days amid strong opposition among small traders over the rapid expansion of online retail, led by multinationals, even as they grapple with the computerisation of their operations. The commerce ministry has also formed a committee to...
More »Bengal IT employees apply for trade union registration
-IANS * The Kolkata Forum for IT Employees said there has been a number of incidents of unfair labour practices in the past * There are 1.8 lakh employees working in the IT industry in West Bengal The Kolkata Forum for IT Employees on Saturday said it has applied to the West Bengal government for trade union registration in the Information Technology and ITes, Business Process Outsourcing and Knowledge Process Outsourcing industry in...
More »Government reduces ESI contribution rate to 4%, industry to save Rs 5,000 crore annually
-PTI NEW DELHI: The government on Thursday announced a cut in contributions made by employers and employees toward the health insurance scheme of Employees' State Insurance Corporation (ESIC) to 4 per cent from the existing 6.5 per cent, a move which would lead to an estimated annual saving of around Rs 5,000 crore for firms. The reduced rates will be effective from July 1, 2019, the labour ministry said in a release....
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