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A $13 bn pill to ease Covid pain of India's small businesses?

Last month, India outlined a Rs-1.7L-cr stimulus plan to give relief to millions of poor hit by the lockdown.

Labour Force

09 April, 2020, 02:10 AM IST



How Modi govt plans to fix the problem of joblessness

Under Skill India Mission, Ministry of Skill Development and Entrepreneurship is implementing a flagship scheme known as the Pradhan Mantri Kaushal VikasYojana (PMKVY) 2016-20 with an objective to provide skilling to one crore people.

Marginal decline in number of jobseekers between 2015 and 2017

“As per the information received from the states/UTs, the number of job seeker...

Unemployment rate at 6.1 pc in 2017-18, govt cites new survey in Rajya Sabha

Minister of State for Labour Santosh Gangwar said the government...

  • Solicitor general Tushar Mehta opposed the plea filed by activists Harsh Mander and Anjali Bhardwaj, saying that such “PIL shops” must be closed down. “Genuine persons are helping people on the ground. Sitting in AC rooms and filing PILs doesn’t help,” Mehta said.

    The sudden displacement of migrant labour would have far-reaching impact on the Indian economy.

    A skirmish broke out between migrant labourers, frantically trying to reach their homes in Uttar Pradesh and Bihar, and the police in Surat’s Pandesara area on Sunday.

    India’s unemployment rate may have climbed to 23% as the economy lost jobs after a nationwide lockdown.

    Banks have offered customers a moratorium on payment of loan instalments for three months starting March. However, customers will have to pay back additional interest on them.

    The Chief Minister gave these directions while presiding over the review meeting with the Deputy Commissioners and Superintendents of Police through video conferencing here today.

    The decision is taken in view of lockdown across the country to fight COVID-19. The COVID-19 has been declared pandemic and therefore employees working in establishments and factories across entire India, who are members of the EPF Scheme, 1952 are eligible for the benefits of non-refundable advance.

    The Chief Minister also ordered these packets to be made available at the offices of the Deputy Commissioners to support any such persons who do not get covered in the door-to-door distribution and may call the helpline numbers for food.The packets would be distributed in the slums and other pockets where such daily wagers and labourers live.

    HR heads see it as a win-win solution helping employees save on commute time and cos to cut establishment cost, raising productivity. HR heads also say arrangements such as hot-desking will become more common, bringing down establishment costs.

    The companies are facing the dual challenge of acute labour shortage because of migration and fear of the Covid-19, which are creating demand-supply imbalance, leading truckers and loaders to charge exorbitantly.

    So far 107 people have tested positive for the deadly pathogen in the state, which has witnessed a steady rise in the number of cases with each passing day. The labourers, especially the daily wagers, seems to have gotten the raw end of the deal. The COVID-19 curfew has robbed the daily wage earners of their incomes.

    Proposed changes could include providing unemployment benefits of up to 50% of the last drawn salary for three months as against 25% of the salary available under the Atal Beema Vyakti Kalyan Yojana (ABVKY) currently. Time period could be extended further if needed, the official said.

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