-The Hindu Shell companies in MCA-21 submitting balance sheets regularly very much part of measurement, says former chief statistician The deficiencies found in the MCA-21 database of the corporate sector, where more than a third of the sample companies were either untraceable, out of coverage, or closed, will not have a major impact on the calculation of GDP and GVA, according to prominent statisticians closely associated with the subject. A recent report by...
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Meanwhile, on the Jobs Front -Subodh Varma
-Newsclick.in Latest CMIE data shows that unemployment rate continues to steadily climb up even as PM Modi and his party try to divert attention by talking about air strikes and ‘national security’. If ever there was a case of “Nero fiddling while Rome was burning” then India today is the best example. The country is going through one of its worst jobs crisis, well documented by several surveys and confirmed by reports...
More »50 Lakh People Have Lost Their Jobs Since the Demonetisation Exercise, Says Report -Deepa Balakrishnan
-News18.com The report states that women are much worse affected than men because they have higher unemployment rates as well as lower labour force participation rates. Bengaluru: India’s unemployment reached its highest at 6 per cent in 2018, double of what it was in the decade between 2000 and 2010. According to a report by Azim Premji University's Centre for Sustainable Employment, 50 lakh people lost their jobs after Narendra Modi’s...
More »Veil on job data spurs poser: How deep is the crisis? -Basant Kumar Mohanty
-The Telegraph Demand for work under the MGNREGA was at its highest in the 2018-19 fiscal The job crisis has deepened and become more commonplace during the last five years, according to officials familiar with employment data. Consider this: Demand for work under the national job scheme, Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), was at its highest in the 2018-19 fiscal. Started in 2006 to provide a fallback employment source to...
More »Women's labour force participation in India among the world's lowest: Oxfam -Shagun Kapil
-Down to Earth Three in four Indian women not employed while the gender pay gap is 34 per cent Irrespective of employment category (casual and regular/salaried), organised or unorganised sector, and location (urban and rural), women workers in India are paid a lower wage rate, says a report by Oxfam, an international non-profit organisation. The gender pay gap was 34 per cent in India, that is, women get 34 per cent less compared...
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