- Atmanirbhar Bharat Rozgar Yojana
News: Finance minister has announced the Atmanirbhar Bharat Rozgar Yojana scheme.
Aim: To incentivize the creation of new employment opportunities during the Covid-19 economic recovery phase.
Beneficiaries (new employees) under Scheme:
Any new employee joining employment in EPF registered establishments on monthly wages less than Rs 15,000.
EPF members drawing a monthly wage of less ...
- Challenges to Atma Nirbhar Bharat
Context: Making India self-reliant India or Atmanirbhar Bharat
What are the current economic challenges faced by India?
The supply chain disruption due to national and localised lockdowns has led to supply side and demand side contraction.
Slowdown of aggregate demand due to low, private final consumption expenditure (PFCE), investment and exports.
Even, the ...
- Need for Right to work in India
Context: Need for Right to work in India.
What is the legal status of the right to work internationally and in India?
International: The Universal Declaration of Human Rights includes the right to work in the International Covenant on Economic, Social, and Cultural Rights.
In India: Though the Right to work is not ...
- Unemployment in india
Context: It is for the first time that unemployment has become a big issue in Bihar assembly elections.
What are the issues?
Impact of lockdown: The economy contracted severely, Bihar saw millions of poor migrant labours returning home as U.P. and Bihar have a disproportionately high number of out-migrants.
Joblessness an issue this election: An opposition ...
- Gig and platform workers under labor laws in India | November 2nd, 2020
What is the Gig Economy and platform work economy?
It is characterized by short-term contracts or freelance work as opposed to permanent jobs. It often involves connecting with customers through an online platform. Example: Delivery boys of app-based food, consultants, bloggers.
The platform work economy is sometimes referred to as the gig ...
- India’s jobs conundrum
Syllabus: GS3: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment.
Context: A country progresses when small and mid-sized firms grow, and create jobs alongside. India over the years is facing the problem of inadequate mid-sized firms.
How are job creation and firms’ size related?
Contribution of Large firms: McKinsey ...
- Reducing the vulnerabilities of urban employment
Source- The Hindu
Syllabus- GS 3- Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
Context- The contraction of the economy raises concern on the employment situation as the shrinking sectors are those that create the maximum new jobs in India.
What are impacts of COVID-19 on the economy?
GDP contraction– India’s ...