SME Times is powered by   
Search News
Just in:   • Don't wait for last day to file returns, cautions GSTN Chairman  • Presidential polls begin in Mongolia  • PM recalls Emergency, lauds cleanliness initiatives in Mann Ki Baat  • 'SAIL-ArcelorMittal JV deal likely to be clinched next month'  • IDFC names Sunil Kakar as MD and CEO for 3 years 
Last updated: 19 Jun, 2017  

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

Labour.9.jpg
   Top Stories
» India, Portugal launch startup hub in first Indian PM visit
» States' fiscal deficit Rs 4,93,360 cr in FY16
» As Modi, Trump meet, all eyes on Washington
» Bank credit rose 66 times in 25 years by 2014: RBI
» Export promotion schemes will continue under GST regime: Teaotia
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 :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
65.15
63.50
UK Pound
83.40
80.60
Euro
73.45
70.95
Japanese Yen 59.75 57.70
As on 26 Jun, 2017
  Daily Poll
Should Govt tax farm income above certain level?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(31)
» Poor state of state finances(13)
» PMEGP to assist entrepreneurs financially: Dinesh Rai(2)
» Govt. approves subsidy for 2,221 cold storages(1)
» Air India unions warn govt of industrial unrest(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter