India s unemployment rate drops to 6.5% in January; employment rate surges to 37.9%: CMIE
The unemployment rate declined to 6.5 per cent in January 2021 from 9.1 per cent in December 2020, while the employment rate surged to 37.9 per cent as compared to 36.9 per cent, says CMIE
Chitranjan Kumar | February 15, 2021 | Updated 17:31 IST
Nearly 12 million additional people were employment during January 2021
The year 2021 started on positive note for India as it recorded a significant fall in the unemployment rate and an equally impressive increase in employment rate in January, according to private think tank CMIE. Employment in India, however, remained lower than it was before the pre-COVID levels, but there were lesser unemployed people willing to work as well, it said.
Over 1,200 garment workers re-hired after heavy lay-off during lockdown: Karnataka In a historic win for the trade union movement, workers from Gokaldas Exports Ltd now hope that the agreements and recognition given to their unions will result in speedier talks between employers and workers.
Sabrangindia15 Feb 2021
Image Courtesy:timesofindia.indiatimes.com
Following several weeks of protest, over 1,200 Indian garment workers formerly fired by Karnataka’s H&M supplier during the coronavirus lockdown, will return to work, said Telegraph on February 14, 2021. The rehiring decision is considered a historic win for labour unions.
Garment manufacturer Gokaldas Exports Limited agreed to re-employ 1,257 workers, including many women, who were laid off when the company closed a factory near Mysore in June 2020, said two Indian unions and global federation IndustriALL. At the time, the company said that H&M order cancellations led to the factory’s closure. Howeve
Vaccine rollout, falling Covid cases are adding momentum to white-collar job scene in India
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Synopsis
A decline in Covid cases as well as fatalities and the imminent vaccine roll-out for the masses have proven to be the foremost factors giving an impetus to the battered job market.
ET Bureau
We can safely say that we are at 80-90% of the pre-Covid job market,” says Sandeep Gulati, managing director, ManpowerGroup India. As recently as December, companies hesitated to talk about hiring intent, which is now giving way to cautious yet concrete hiring plans in the coming months. So, what changed?
“A full week after the presentation of the Union Budget, the Index of Consumer Sentiments fell 4.2% in contrast to a 9% increase in equity market valuations response to the budget on the bourses,” CMIE said in its weekly analysis. “Households were not very impressed with the budget. On the contrary, they have expressed their displeasure with it,”it said. The findings are based on the Consumer Pyramids Household Survey by CMIE.
It s motivating, there is no doubt : FM Sitharaman on positive reaction to Budget 2021
Corporates, industry watchers, and markets have said Budget 2021 re-imagined both spending and borrowing and reposed faith in large-scale infrastructure building and healthcare. My focus was to get it making a difference to the economy, says FM
BusinessToday.In | February 12, 2021 | Updated 15:41 IST
Finance Minister Nirmala Sitharaman
Union finance minister Nirmala Sithraman has said her ministry s focus on Budget 2021 was to make a difference to the economy . Corporates, industry watchers, and markets have said Budget 2021 re-imagined both spending and borrowing and reposed faith in large-scale infrastructure building and healthcare. On this aspect, Budget 2021 has been hailed as one of the hits among recent budgets.