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Job creation down 1.7% in Feb to 15.03 lakh: ESIC payroll data

-PTI According to the data, the gross new subscribers addition remained the highest at 19.81 lakh in July 2018. New Delhi: Job creation dropped by 1.73 per cent in February to 15.03 lakh compared to 15.30 lakh in the same month last year, according to the latest payroll data of the Employees State Insurance Corporation (ESIC). The data showed that during September 2017 to February 2019, nearly 3 crore new subscribers joined the...

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The self-employment conundrum -Arindam Gupta

-The Telegraph Funding small entrepreneurs will require more bank loans, preferably collateral-free, which will generate more NPAs The government has been compelling banks to adopt a softer lending policy to promote self-employment. The Pradhan Mantri Mudra Yojana, launched in 2015, provides collateral-free loans to small entrepreneurs outside the farming sector in three categories: Rs 50,000 loan in the ‘Shishu’, Rs 5,00,000 in the ‘Kishore’ and Rs 10,00,000 in the ‘Tarun’ segments respectively....

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Revalidate signal to labour bureau on Mudra job creation data -Basant Kumar Mohanty

-The Telegraph Only 1.12 crore jobs created in three years under the Mudra scheme, the bureau's data suggested New Delhi: A central government agency has been asked to “revalidate” data which estimated that only 1.12 crore additional jobs were created in three years under the Pradhan Mantri Mudra Yojana, a scheme Prime Minister Narendra Modi cites to defend his record on Employment Generation, sources have told The Telegraph. Several independent analysts suspect that...

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Over 18 million jobs created in 15 months till Nov 2018: Central Statistics Office report

-PTI The study showed that Employment Generation in the formal sector increased by 48 per cent to touch a 15-month high of 7.32 lakh in November 2018 as compared to 4.93 lakh in the year-ago month, as per EPFO payroll data released earlier this month. More than 18 million jobs were generated by the country’s formal sector in a 15-month period starting September 2017 and ending November 2018, suggests a study based...

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The missing women -Pratap C Mohanty & Anjali Bansal

-The Hindu The number of young women who are not in education, employment and training in India is very high India’s Employment Generation in the last five years has remained weak. According to the Sustainable Development Goals (SDG) India Index Baseline Report by NITI Aayog, 64 per 1,000 persons appear to be unemployed in the working age group of 15-59. The problem of unemployment has become more acute for youth and women....

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