Dagmar Walter, Director, International Labour Organization (ILO) DWT for South Asia and Country Office for India, on Wednesday said that sustainable growth can be achieved by strengthening local institutions. Speaking at the AIOE (All India Organisation of Employers) National Award for Outstanding Industrial Relations, 2017-18, organised by FICCI, Walter said that it is essential to support local institutions to develop investment plans that
The world is aging. Incidentally, rich nations are in the queue. They are Japan, Korea, UK, France, USA and China. Japan is in the lead in the race. “Japan is moving an aging society at a speed, which no other country has ever experienced or will in the near future”, according to Mr Jitsuro Tarashima,
Data from Indeed, one of the leading job sites, reveals that technology-related job roles in India are among the most promising for job seekers, as these job openings have grown consistently in the past five years (February 2014 to February 2019). Technology job roles increased by an overall 8% between February 2014 and February 2019.
In a landmark judgement which may affect both government and private managements in India outsourcing the work to escape the labour laws by claiming that the persons so engaged are not their workers, the Supreme Court has declared that women tailoring garments at home for a company are entitled for the employees’ provident fund (EPF)
India, which is home to more young people than any other country, is running out of time to harness the potential of its youth to drive economic growth. The nation’s population in the under-19 age group has already peaked, government data show. That means the labour force will grow more slowly from here on out.
The Maharashtra government on Wednesday doubled the minimum wages of workers employed in shops and establishments across the state. Talking to reporters, Labour Minister Sanjay Kute said the decision will benefit nearly one crore workers employed in 10 lakh shops and establishments in the state in 67 different types of employment. “As per clause III
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