Business Standard
Sunday, Nov 08, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Smart Portfolios II
  Search:

Govt tracking job losses
COPING WITH THE SLOWDOWN
BS Reporter / New Delhi November 13, 2008, 0:56 IST

The government is collecting data on the number of industrial units closed down in the country and the number of people who have lost jobs.

 
 
News Now
Paper
Specials
- Hat-trick of gains
- Wkly Tech Analysis: Nifty may move in 4,640-4,900 band
- Chandrayaan-II mission to be completed by 2012-13: Annadurai
- Faheem Ansari seeks re-trial of 26/11 case
- US faces potential minefield over Muslims and military
More  

The labour ministry says it is using its machinery, like the Regional Labour Commissioners and Central Labour Commissioners, while the other ministries, like the industry ministry, are using their own mechanisms to collect the data.

The labour ministry is also asking for suggestions from trade unions on a solution to provide temporary social security cover to those who are losing jobs as a result of the ongoing closure of industries. Industry bodies said they had not been approached so far.

Yesterday, Union Labour Minister Oscar Fernandes held an hour-long meeting with Indian Trade Union Congress President Sanjeeva Reddy and asked him for suggestions to provide a security cover for those losing jobs. Earlier, talking to Business Standard, Fernandes said that the ministry was assessing the number of job losses and would come out with a solution.

Meanwhile, trade unions HMS and CITU have written to Fernandes demanding that the second Indian Labour Conference be convened to enable a consultation between employer organisations, employee unions and the government for formulating a social security cover for the growing number of people who are losing jobs due to the economic recession sweeping the global market.

“A temporary unemployment allowance is one of the solutions in such a situation,” said Reddy, adding the government was examining this option as well as any other that various stakeholders would place before it. “We are trying to formulate guidelines on the amount and the duration for such an allowance,” he said.

Another issue before the unions and the government is that in the case of most industrial units that are closing down, 30 to 40 per cent of workers are on contract. “We have to see how these workers can be brought under any social security net that is formulated,” Reddy said.

“The Intuc is holding internal discussions to thrash out this issue. We would be taking our findings to the ministry,” he said.

Labour Secretary Sudha Pillai said that the ministry was now focusing on data collection.

  Read Business news in 
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Most Popular
Read
E-Mailed
Commented
   
- Vendors to share BSNL's 3G ad spend
- Great Indian telecom boom begins to ring hollow
- Profit booking seen next week
- DTH sparks new row between producers and multiplexes
- Now, shell out Rs 80,000 more for a designer Nano
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should the private sector be allowed to manage urban water supply?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback