Page 2 - Labour Market

70% women workforce participation by 2047 key to Viksit Bharat: Labour Secy

Dawra also highlighted the significant strides made by women in India's economic landscape

Best of BS Opinion: The many hats a government wears in citizens' lives

The undeniable thing is that government can shape the very nature of the nation, for better or for worse. From finances to health to labour to communication to awareness, it wields great power.

Global Capacity Centres to expand to $105 bn by 2030: Labour secy Dawra

Union Labour Secretary Sumita Dawra on Tuesday said that global capability centres (GCC) are projected to expand to USD 105 billion by 2030, employing over 2.8 million people solidifying India's role as a global hub for enterprise operations and innovation. During a visit of an ILO delegation, headed by ILO Director-General Gilbert F. Houngbo at HSBC GCC on Tuesday in Gurugram, Dawra said that India is home to over 1,700 GCCs, employing 1.9 million professionals and generating USD 64.6 billion in revenue as of 2024, according to a labour ministry statement. Dawra further stated that the key GCC hubs are located in Bengaluru, Hyderabad, Pune, Chennai, Mumbai, and the National Capital Region (NCR). "The sector is projected to expand to USD 105 billion by 2030, with around 2,400 GCCs employing over 2.8 million people, solidifying India's role as a global hub for enterprise operations and innovation," she said. Houngbo mentioned that India is becoming more competitive owing to its larg

Govt faces an uphill task in providing social protections to gig workers

While Budget 2025 laid out plans to provide health insurance to gig and platform workers, awareness of government initiatives remains low among the target group

Best of BS Opinion: A Carpe Diem moment for Indian policymakers

The rapid growth of AI, success of mobile phone manufacturing, the index for states' fiscal health and labour shortages all point to opportunities for policymakers

Welfare scheme benefits causing labour shortages in construction: L&T MD

Addressing the CII Mystic South Global Linkages Summit, L&T's MD noted that despite the crucial role of construction in national development, the industry is struggling due to a lack of workforce

Migration: A dream or a nightmare for labour and national integration?

Accelerating inter-state migration will not only enhance the efficiency of the labour market but also foster national integration

Worker shortages raise doubts over Britain's plan to build for growth

Britain has long lacked candidates to fill jobs, a problem made worse by the 2016 Brexit vote and Covid-19, with vacancies higher than their level before the pandemic

Syrians in Germany show no rush to leave as their labour is in demands

Syrian employers, trade unions and business associations are now speaking up to stress how much they are needed in a German economy facing deep labour shortages

EY worker's death highlights risks for unprotected white-collar workers

NEW DELHI (Reuters) - Authorities in two Indian states that are driving its economic growth are drafting tighter workplace rules and inspections to protect white collar employees following the death of a young executive at global consultancy Ernst & Young (EY), which her family blamed on overwork.

Indians lead Global South in adapting to AI, tech revolution: Study

GLMC study reveals that over 70% Indians actively seek opportunities to upskill

Over 304.3 mn informal workers registered on e-Shram portal: Govt

Nearly 30.4 crore unorganised workers have registered on e-Shram portal as on December 1, 2024, Parliament was informed on Thursday. Ministry of Labour and Employment launched the portal on August 26, 2021 for creation of a comprehensive National Database of Unorganised Workers (NDUW) seeded with Aadhaar. The portal is meant to register and support unorganised workers by providing them a Universal Account Number (UAN) on a self-declaration basis. As on December 1, 2024, over 30.43 crore unorganised workers have registered on e-Shram, Minister of State for Labour and Employment Shobha Karandlaje said in a written reply in Rajya Sabha. The number of registrations from rural areas is 27.22 crore. So far, 12 schemes of different central ministries/ departments have been integrated or mapped with e-Shram. These schemes include Pradhan Mantri Surakhsa Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Ayushman Bharat, Prime Minister Street Vendors AtmaNirbhar Nidhi .

Russia's labour shortage spreads as defence sector cuts down staff

Heavy recruitment by the armed forces and defence industries has drawn workers away from civilian enterprises, as has emigration, pushing unemployment to a record low of 2.3 per cent

Govt plans to integrate Gati Shakti portal with e-Shram database

As of now, over 1,530 data layers from 44 central ministries have been uploaded on the portal

'E-Shram: One Stop Solution' launched for welfare of unorganised workers

The One Stop Solution entails consolidating and integrating data from various central ministries/departments into a single repository

Labour unions in India: Adapting to new challenges amid global changes

India's labour unions are at a crossroads in the age of IT and gig work. They are adapting to new-age sectors' demands but penetration has been limited

Malaysia PM Anwar Ibrahim to visit Bangladesh today, focus on labour issues

Prime Minister Anwar is expected to meet with Yunus, where a broad spectrum of issues will be on the agenda

Best of BS Opinion: Labour market signals, green businesses and more

Here is the best of Business Standard's opinion pieces for today

Fresh formal hirings increase in July by 2.5% to 1.05 million: EPFO data

The EPFO data is considered crucial as only the formal workforce enjoys social security benefits and is protected by labour laws

Jobless rate stagnates at 3.2% in July 2023-June 2024, shows PLFS data

PLFS data for the period suggests share of self-employed, wage-jobbers up