Labor

US economic growth seen picking up in 2nd quarter, inflation subsiding

The economy, which continues to outperform its global peers despite hefty rate hikes from the Fed in 2022 and 2023, remains supported by a resilient labor market even as the unemployment rate has rise

Growth in US labour costs accelerates in first quarter amid rise in wages

The Employment Cost Index (ECI), the broadest measure of labor costs, increased 1.2% last quarter after rising by 0.9% in the fourth quarter, the Labor Department's Bureau of Labor Statistics said

US weekly jobless claims unchanged as market continues to gradually ease

Initial claims for state unemployment benefits held at a seasonally adjusted 217,000 for the week ended March 2, the Labor Department said on Thursday

US small business sentiment up; labour, inflation worries persist

A net negative 25% of businesses reported improved profits in December, a 7 point increase from the month prior, with labor costs continuing to weigh on earnings, the report said

US President Joe Biden signs Bill on forced labour in China

Walmart blasted by consumers over missing Xinjiang items

Techno-functional roles, automated processes and virtual onboarding to be the future of HR

Techno-functional roles, automated processes and virtual onboarding to be the future of HR

HAL workers go on indefinite relay hunger strike over wages

About 500 employees of Hindustan Aeronautics Limited went on an indefinite relay hunger strike here from Tuesday, demanding settlement of wages and also salaries on par with other public sector undertakings. "We have not got our wages settled since 2017. We are on a relay hunger strike for an indefinite period. Its throughout the nine units across seven states," chief convenor of all the unions Suryadevara Chandrasekhar told PTI. The union leader said the management was not coming forward for wage settlement on par with what the executives got. "Their (executives) settlement happened in November 2017. Our negotiations continued but it wasnt fruitful. Hence, the deadlock," he said. However, the HAL said, Most of their (unions) contention were untenable. The claim of the unions that the HAL management is deliberately delaying wage settlement and that offers given to them are meagre, is not true, as nine rounds of discussions have already been held." The company said in a ..

Delay in processing pension files? Goa govt orders probe

The Goa government Tuesday initiated inquiry after reports claimed that many pensioners, including teachers, have been awaiting their pensions for years. Ordering the probe, Chief Minister Pramod Sawant said pensions were not being held back for lack of funds but that those staffers who are handling the pension files are solely responsible for this lapse. "The inquiry would identify the guilty employees who would have to face action as per law," he said. Taking cognisance of a media report which claimed that at least 30 retired teachers were awaiting pension for more than two years now, the Goa Human Rights Commission (GHRC) on June 24 issued a notice to the State Director of Accounts, Director of Education and State Education Secretary.

Those imprisoned during Emergency to get pension: Fadnavis

Maharashtra Chief Minister Devendra Fadnavis on Tuesday said those who were imprisoned during the Emergency will be provided pension and a citation. Speaking in the state Assembly during the Question hour, Fadnavis said "pension was an honour more than money" for those who served jail term during the Emergency. "Many people refused the pension. But some are still poor who lost jobs after being arrested for no fault of theirs," he noted. Earlier, Minister of State for Relief and Rehabilitation Madan Yerawar, while responding to a question by NCP member Ajit Pawar, said 3,267 applications for pension were approved so far. Out of these, 1,179 applications were approved on the basis of the Rs 100 stamp paper submitted to prove that the applicant served a jail term during the Emergency. Pawar asked how can the pension be given without proof and what was the guarantee that the stamp paper was genuine. To this, Yerawar said the applications were scrutinised by a committee headed

Export-led growth very critical for good jobs in India: Arvind Panagariya

India needs to grow at 8-10 per cent annually if good jobs have to be provided to those joining the workforce, eminent economist Arvind Panagariya has said, emphasising that the country must return to an export-led economy to generate employment with higher salaries. Panagariya, who served as the first Vice Chairman of the NITI Aayog from January 2015 to August 2017, underscored that for trade to grow, the country has to be open. As tariffs are going up on many different items, he said the "whole idea of turning back to import substitution turns the clock back (for India). It is on the back of trade liberalisation and very rapid export expansion during the 2000s onwards that the (Indian) economy really began to grow at this very rapid rate." "We have to return to becoming an export-led growth country," Panagariya, delivering the keynote address at a panel discussion on 'Economic Priorities for the New Government' of Prime Minister Narendra Modi, said Monday. Panagariya, Director at ...

Pakistan insists on Qatar World Cup workers' rights

Pakistan will insist on proper labour rights for an army of its citizens working on Qatar's football World Cup infrastructure, the country's foreign minister said Monday, after repeated reports of abuses. The gas-rich Gulf state has embarked on a huge construction programme to get ready for the 2022 tournament, drawing intense scrutiny from rights and labour campaigners. Earlier this year Amnesty International warned that despite "nascent reforms", Qatar was running out of time to stamp out widespread and serious exploitation of tens of thousands of migrant labourers, many of them from South Asia. There have been reports of wages going unpaid, passports being held by unscrupulous bosses and some labourers working up to 148 days in a row. Pakistani Foreign Minister Shah Mehmood Qureshi welcomed Qatari plans to offer his countrymen up to 100,000 work permits but insisted World Cup workers' rights must be respected. "Certainly we will ask our embassy and we will ask the recruiting ...

Government incentivising MSMEs with various schemes: Gadkari

Various schemes have been launched in recent years to encourage micro, small and medium enterprises (MSMEs) which employ 11.1 crore people and are the largest provider of jobs after agriculture, the Rajya Sabha was informed on Monday.Schemes like Make in India, Skill India, Digital India, Startup India, and MUDRA (Micro Units Development and Re-finance Agency) Bank have been initiated to enhance the employment base and facilitate self-employment across the country, said Union Minister for Micro, Small and Medium Enterprises Nitin Gadkari in reply to a question in the Upper House of Parliament.Under the Prime Minister's Employment Generation Programme (PMEGP,) the number of people employed in micro enterprises increased from 3.58 lakh in 2014-15 to 5.87 lakh in 2018-19, he said. An amount of Rs 2,247.10 crore has been allocated under PMEGP for the financial year 2019-20, he said.The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was launched to make available ...

MSME sector is largest provider of employment after agriculture: 73rd Round of National Sample Survey (NSS)

Government has taken various steps for generating employment in the country

Expert panel suggests ways to achieve USD 5-trillion economy target: Niti Aayog

Think tank Niti Aayog Sunday said that expert panel for macroeconomics and employment came out with suggestions to achieve USD 5-trillion economy target during an interaction with Prime Minister Narendra Modi. Modi on Saturday had an interaction with economists and industry experts on India's current economic situation. "Expert committee for Macroeconomics & Employment presented their suggestions to PM @narendramodi for achieving the $5 Trillion economy target. Improvement of governance in PSU banks, enhancing growth rate of exports & employment generation were some of the key areas identified," the Aayog said in a tweet. During the interactive session, ahead of the presentation of the Union Budget next month, all participants made a case for "single minded pursuit" to achieve growth, according to sources. A release issued by the Prime Minister's Office (PMO) had said that the session organised by Niti Aayog on 'Economic Policy - The Road Ahead' was attended by over 40 ...

States should have the power to determine minimum wages: CII

Industry body CII Sunday said states should have the power to determine minimum wages as the concept of a national minimum wage will affect job creation. According to sources, the labour ministry is likely to seek Cabinet approval for the Code on Wages Bill next week as it pushes for its passage in the ongoing Parliament session. CII says minimum wages fixed by states should be based on three criteria - geographic location, skill and occupation. However, it cannot be lower than the minimum wage fixed by the Centre. "The concept of a national minimum wage will affect job creation, so it is necessary to give states power to fix their own minimum wages," CII said. The industry chamber suggested that the government should fix minimum wages of unskilled workers. However, wages of skilled and semi-skilled labour force should be determined by market forces. The Code on Wages Bill provides that the central government will fix minimum wages for certain sectors, including railways and mines, ...

Coast guard recruitment centre to come up in Doon

A coast guard recruitment centre will soon come up in Uttarakhand. It will be the country's fifth coast guard recruitment centre after those in Noida, Mumbai, Chennai and Kolkata, an official release here said Sunday. Coast guard Director General Rajendra Singh handed the Centre's sanction letter for the project to Chief Minister Trivendra Singh Rawat at his official residence. Rawat will lay the foundation stone for the coast guard recruitment centre at Kuanwala in the city on June 28, the release said. The entire cost of the project will be met by the Centre, it said. Thanking the Centre for sanctioning the project, Rawat said it will generate fresh employment opportunities for the youth of the state.

PM Modi discusses employment, agriculture with economists, experts ahead of Budget

During the meeting held under the theme 'Economic Policy - The Road Ahead', the participants shared their views in five distinct groups on the economic themes."Prime Minister Narendra Modi today attended an interactive session with over 40 economists and other experts, organised by NITI Aayog on the theme 'Economic Policy - The Road Ahead," an official release said.It said the Prime Minister thanked participants for their suggestions and observations on various aspects of the economy.The economic themes discussed at the meeting are critical in the government's efforts to boost growth, increase employment and growth and improve the quality of life of people.The Central government aims to double farmers' income by 2022 and has been emphasising on the judicious use of water for long.The meeting was held in the run-up to the presentation of this year's Union Budget on July 5 with the government looking at ways to boost growth and employment generation.The meeting came in the backdrop of ..

Telangana Prison Department conducts job fest for released prisoners, 81 recruited

As many as 81 released prisoners were recruited in several companies during a job fest organised by the Telangana Prison Department on Saturday.Speaking to ANI, Sriman Reddy, Jailor and Incharge of the Employment Cell, said: "We conducted a job fest in Hyderabad for all the prisoners who have been released from various prisons in Telangana and are in the dire need of jobs. We then invited around ten consultancies to interview them. Out of the 129 released prisoners who had participated, 81 got placements in the companies. We will also try to employ others who have yet not been placed."The Jailor also stated that this was the fifth time the fest was organised in the state by the Prison Department."Two years ago, we had started the job fest for the released prisoners in Mehboobnagar in Telangana, where we had provided employment to 175 released prisoners. Then, for the second time, the fest was conducted at Karimnagar in the state where as many as 102 released prisoners got placed. The .

6 bonded labourers from Odisha rescued

: Six bonded labourers from Odisha, including five minor boys have been rescued from a water treatment plant here, police said Saturday. The operation was carried out yesterday jointly with activists of International Justice Mission (IJM) they said, adding that all the children were aged below 18 years. IJM activists said the labourers have been handed over to the Regional Development Officer, Chennai Central. The boys were taken to the office of Revenue Divisional Officer, Chennai Central and later accomodated at an open shelter. Cases have been filed against the water treatment plant owner under the Prevention of Bonded Labourers Act and Prevention of Child Labourers Act and also under IPC Section 370, they said. The labour department of the Odisha government has been informed about the operation and officials from there are expected to take back the children to their homes, officials said.

Govt clarifies after confidential order on employees' salaries goes viral

The Ministry of Finance on Saturday issued a clarification over a confidential government order that has gone viral on social media.The order is regarding the salaries of government employees for the month of June. The government has clarified the order is only applicable to a specific office attached to the Department of Expenditure and salaries of employees working in other departments will not be affected.The government also asked people not to circulate the order, according to an official statement."The general public is also forewarned and cautioned not to circulate the order since it is confidential in nature and may attract punitive actions under the applicable legal provisions."The statement said: "It is clarified and informed that the Department of Expenditure 's order dated 18th June 2019 relating to the disbursal of salary for the month of June 2019 is applicable to only an attached office under the Department of Expenditure namely, the O/o Controller General of Accounts ...