NEW DELHI – The number of people employed fell to 375.45 million in May from 390.79 million in April, according to the Centre for Monitoring Indian Economy (CMIE).
At least 15.33 million Indians lost their jobs in May, erasing gains achieved since July 2020, a situation that may adversely affect consumer spending and economic revival.
The number of people employed fell to 375.45 million in May from 390.79 million in April, according to the Centre for Monitoring Indian Economy (CMIE). In April and May, the number of people employed in salaried and non-salaried jobs fell by almost 23 million as the second wave of the pandemic infected millions of Indians, and states imposed lockdowns to stem the spread of the virus.
The deadly second wave of Covid battered an already bruised economy. India now needs policy vision out of the ordinary to restore consumer confidence, businesses and livelihoods - Issue Date: Jun 14, 2021
Designing urban employment schemes for women June 4, 2021, 10:32 AM IST
Nikhil Iyer is a Policy Analyst at The Quantum Hub, a public policy research and communications firm based in New Delhi.
Seven way to bring women back to the labour force, provide livelihood and income security, and increase women’s agency in cities.
With localised restrictions in 34 states and union territories, the second wave of the coronavirus pandemic has effectively led to a national lockdown, yet again. Data from the Centre for Monitoring Indian Economy (CMIE) suggests that the urban unemployment rate neared 12 percent in the week leading up to May 9, 2021 up from 9.5 percent in the week ending April 25. In April 2021, India’s labour force participation rate fell to 39.9 percent. This is the third consecutive month for which it has fallen and is the lowest since May 2020. Experience from the past year, when the urban unemployment rate shot up to ne
355 Booster dose needed: The government is being asked to inject liquidity into the economy to boost expenditure and ensure greater economic activity. PTI
Subir Roy
Senior Economic Analyst
THE second wave of Covid-19 that is devastating the country has resulted in a call once again, as had happened during the first wave last year, for a fiscal stimulus. We may recall that the overall size of the stimulus, fiscal and monetary, that the Indian system had provided last year was one of the lowest among the major economies.
But there is a difference this time. Typically, at a time of crisis, the call for higher government spending and the central bank (RBI) creating more liquidity is made by Left-leaning economists and commentators. What is different this time is that the leadership of the corporate sector, which has a conservative mindset and seldom publicly falls out of line with the declared official viewpoint, has also come out openly and forthrightly in favour of loosening of
by Yawar Hussain SRINAGAR: The Jammu and Kashmir Services Selection Board (JKSSB) has collected Rs 77 crore as examination fees from March 2016 to September 2020 while not conducting the exam in various recruitment processes.