SME Times is powered by   
Search News
Just in:   • First YouTube space facility in Middle East region opens in Dubai  • Now, Punjab to recruit MBBS doctors on full pay scale  • Online search for farm-related jobs fell in 2017  • Twitter likely to ban cryptocurrency ads  • US may exempt our steel from tariffs: S. Korea 
Last updated: 19 Jun, 2017  

labour.thumb.jpg Country's unemployment rate falling: Labour Minister

   Top Stories
» Silk sector witnessing steady growth: Minister
» Draft agriculture export policy up in public domain
» WTO ministerial meeting begins Monday
» NITI Aayog releases SATH-Education roadmaps
» Festival of Innovation and Entrepreneurship (FINE) Monday
SME Times News Bureau | 19 Jun, 2017
Amid the raging debate on jobless growth in India, Union Labour Minister Bandaru Dattatreya said on Saturday that the rate of unemployment is going down in India.

Talking to reporters here, Dattatreya said his ministry would soon share with the public the data on unemployment.

The minister's remarks came even as the NDA government faced severe criticism for promoting "jobless growth", after a Labour Bureau quarterly survey showed that only 1,35,000 jobs were added by certain sectors in a quarter in 2015.

Another survey by the Labour Bureau said that unemployment in India was at a five-year high of five per cent of the workforce who are 15 years and above.

Dattatreya said that while employment was being generated through a slew of initiatives taken by the government, including Make in India, Skill India and Digital India missions, the problem was with the collection of data.

"To capture data more accurately, we need to do it through some new initiatives," he said.

Facing criticism for not creating enough jobs, the government set up a task force in May to produce authoritative annual nationwide employment data based on household surveys.

Labour Secretary M. Sathiyavathy, who is part of the task force headed by NITI Aayog Vice Chairman Arvind Panagariya, said the quarterly reports coming out of the Labour Bureau were unreliable for measuring employment as the sample size was "very small".

"It is an enterprise-based survey covering about 10,600 enterprises across only eight sectors, she said.

"The biggest challenge is that the Labour Bureau survey covers only those enterprises which employ more than 10 people.

"In India, 98.5 per cent of the enterprises have less than ten employees. So we are, in effect, not covering 98.5 per cent of the enterprises in the country," Sathiyavathy told reporters.

She said there was a need to expand this survey to ensure that it reflected the actual ground reality.

"So, the idea of the task force is to focus on these issues and ensure that we come up with some methodologies wherein we come out with a survey or any other way of data analytics where real situation on the ground is reflected."

According to her, the task force would give its recommendations by next week.
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 19 Mar, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(26)
» Another MSME portal: will it serve its purpose(5)
» Govt forms committee to study FinTech, financial inclusion of MSMEs(2)
» Collateral free loans available for MSMEs: Minister(2)
» Budget boost to MSMEs(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter