The budget for 2019 is a surreal mix of fact and fancy. While there is a belated recognition of investment as a barrier to the acceleration of growth and a sharp spike in the allocation for agriculture, primarily to finance higher minimum support prices (MSPs), healthcare—especially of the ageing, a growing share of the population—has
The law of unintended consequences, often quoted, refers to actions of individuals or societies — and with particular reference to government policies — that can have effects that are unforeseen or unintended. While economists have constantly argued that this concept is one of the building blocks of economics, for just as long, politicians and policymakers
Last week, the Union cabinet approved the revised version of the Code on the Wages Bill. The bill envisages a national minimum wage, linked to factors such as skill level and geographical region. This national wage would effectively serve as a floor wage, with states having the option of setting higher wages. Minimum wage legislation
India not only lacks an accurate estimate of its work force, a substantial part of which is in the informal sector (85% of all workers), it is yet to develop an uniform definition for several critical concepts like workers, wages, organised-unorganised or formal-informal sectors, small and medium enterprises etc to enable such estimation. This hampers
Pitching for a comprehensive national employment mission, India Inc on Sunday called for an inter-ministerial and all-State National Employment Board for driving job creation, while also recommending an “immediate action” plan, including labour law reforms. “Employment generation extends to multiple dimensions and a national mission is required to address all aspects holistically. The Government National
A huge step has been made towards protecting women all over the world from harassment and violence in the workplace. The International Labour Organization (ILO) confirmed a new Violence and Harassment Convention and corresponding Recommendation on June 21 – the last day of their annual conference in Geneva – after 439 delegates voted in favour
Artificial intelligence a.k.a AI is the current buzzword in the HR circles. With AI making waves in multiple industries and across functions such as marketing, sales and customer care, it was only a matter of time before staffing technology experienced the AI revolution. In the context of recruitment, however, AI is used for studying large
NHRDN - Mumbai Chapter Fr P. Christie, S.J. appointed director, XLRI
Xavier School of Management (XLRI), one of the country’s premier business schools, has a new director. Fr. P. Christie, SJ, has stepped into the shoes of Fr E. Abraham SJ, who was director for two terms, that is, more than 16 years— the longest that a director of the institute has ever held the position.
Amazon, which is racing to deliver packages faster, is turning to its employees with a proposition: Quit your job and we’ll help you start a business delivering Amazon package. The offer, announced on Monday, comes as Amazon seeks to speed up its shipping time from two days to one for its Prime members. The company
Industrial Internet of Things (IIoT) could be a game changer for India, but the country is lagging far behind China in its adoption, a top Accenture official has said. According to the consultancy giant, IIoT refers to a universe of intelligent products, processes and services that communicate with each other and with people over the