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Lockdown pushes French unemployment to 11-year low in first quarter
The jobless rate fell to 7.8% from 8.1% in the fourth quarter, hitting its lowest since late 2008, INSEE's quarterly unemployment survey found. France's nationwide lockdown, which started on March 17, reduced the number of those normally classified as unemployed by making it impossible for them to look for work, INSEE said.
EPFO settles 10 lakh withdrawal claims including 6 lakh COVID-19 advances in last 15 days
A provision for withdrawal from the EPF Scheme to f...
Industrial townships in Red zone, states’ denial to reopen industry, home ministry restrictions: FIEO gives feedback to government
In a commu...
Labour Ministry mulls incentives to companies for encouraging employment of SC, STs
EPFO is collecting data about SC and ST employees in the public sector as well as private sector through its over 136 regional offices.
During lockdown, States disbursed Rs 4957 crore to two crore construction workers
Union labour ministry has directed all states on the start of the lockdown to frame a scheme under section 22 (1) (h) of the Act for transfer of adequate funds in the bank accounts of construction workers through direct benefit transfer (DBT) mode.
E-tailers defer plans of hiring staff after Home Ministry revises its guidelines
The economic impact of not opening up ecommerce for non-essentials is going to trickle down to the ecosystem, a senior executive at a leading ecommerce firm told ET. Executives and industry watchers pegged the number of deferred hires to be as high as 200,000 people.
ISF seeks changes to draft wage rules, says they are disadvantageous for part-time workers
The ISF has suggested that the government allow the option to use digital platforms for all communications instead of just physical display.
Tribal startups key in support plan for labour
The Centre has framed a livelihood programme for tribal labourers who are returning to their home states amid the Covid-19. As per an estimate of the ministry of tribal affairs, 1.5-2 million people from tribal areas work in different parts of the country.
India is witnessing a V- shaped recovery, says finance ministry in monthly economic review
Relative to advanced nations, the monthly economic review of the ministry for August said, contraction in India’s gross domestic product (GDP) in the April-June quarter has been ‘slightly higher’ but attributed the same to the stringent lockdown in the quarter that has helped keep Covid-19 mortality in check.
Hike in GST rates unlikely
If goods and services tax (GST) rates are increased on non-essential items, sources said it will further bring down their demand and impede the overall economic recovery.
Labour ministry to call stakeholder consultation on revised draft of social security code
“The draft of ‘code on social security’ is ready and will be shared with stakeholders for their comments soon,” labour minister Gangwar said.
Karnataka stops special trains for migrants, Haryana CM too appeals to workers to stay amid lockdown triggered exodus
The opposition attacked the BJP government in Karnataka , accusing it of treating migrant workers worse than "bonded labourers", even as Chief Minister B S Yediyurappa appealed to more than one lakh workers who wished to return to their native states to stay back as construction and industrial activities have begun.
AITUC seeks labour minister's intervention against alleged malafide campaign to reduce EPF interest rate
The AITUC shot off a letter to Gangwar on July 29, after a report suggested that there were withdrawals to the tune of Rs 30,000 crore in April-June this year during the coronavirus-related lockdown.
Bicycle demand rises amid coronavirus pandemic but manufacturers unable to keep up
The cycle market can grow exponentially as there is a lot of potential in the rural areas also, says Jagdish Khattar, a patron to AICMA who played a key role in the inter-ministerial committee of NITI Aayog.
Piyush Goyal says decision on lockdown to be taken at an appropriate time, asks industry for calibrated approach
His statement assumes significance in the wake of industry’s keenness to resume work as economic activity has come to virtual standstill because of the three-week nationwide lockdown which is due to end on April 14.