Page 26 - Unemployment

FY20 to see 1.6 mn fewer jobs being created as economy slows: SBI report

According to the SBI research report- Ecowrap, there is a decline in remittances in a few states like Assam and Rajasthan, reflecting downsizing of contractual labourers

Fiscal deficit won't matter if spending is prudent, says Pronab Sen

Terming the economic situation as 'very bad,' Sen said that post 2016-17 India's economic statistics measuring GDP growth were 'largely guess work'

Auto sector hiring for manufacturing, sales, quality control roles: Study

The recruitment scenario may be grim right now but the market is gearing up for a U-turn and there is already a silver lining showing in the automobiles sector, which is actively hiring for the manufacturing, sales and quality control roles, says a study. According to TimesJobs RecruiteX, the automobiles sector noted an 8 per cent growth in talent demand in December 2019 as compared to November 2019. It further noted that the infrastructure sector posted the highest growth of 14 per cent in talent demand. "The hiring sentiment right now is hinting at the 'revival mode'. The automobiles sector is a classic example here. The sector is undergoing a major revamp in its offerings as electric vehicles and alongside it is also prepping up its personnel requirement to fit the new scheme of thing," said Sanjay Goyal, business head, TimesJobs and TechGigsaid. "In December 2019, the sector was actively looking for professionals who can make (R&D) and sell the new product lines. The ...

Why labour unions have called for a nationwide strike today: Explained

One of the key demands of the unions is to increase the minimum wages of workers

Argentina's bright young hope

In recent years, he has divided his time between New York and Argentina, where he is a professor of macroeconomics at the University of Buenos Aires.

Auto component industry may end FY 2019-20 on negative note: ACMA

The auto component industry's turnover witnessed its worst-ever decline in the first half of the current financial year, leading to a job loss of around 1 lakh temporary workers till July this year

Unemployment top worry, urban India thinks nation on right path: Survey

Poverty and social inequality are the top worries for global citizens followed by unemployment, crime and violence, financial and political corruption and healthcare, the survey pointed out

Year in Review: From job data to growth woes, India's 'shrinking' feeling

A list of events and policy decisions that made the biggest impact on Indian economy during the year 2019

Govt's bid to provide employment via MSME jobs portal fails to take off

The ministry of micro, small and medium enterprises (MSME) has begun an investigation into why placements through the portal have not picked up, sources said

Efforts on to create 5 mn jobs, high priority to economy: Nitin Gadkari

The road transport, highways and MSME minister said situation is challenging but the Indian economy, which is the fastest-growing economy, will progress fast

Reduction of handset export incentives to 2% will lead to job losses: ICEA

Mobile handset exports grew over eightfold to Rs 11,200 crore in 2018-19

No reason to show that employment has come down: Govt tells Lok Sabha

The Labour and Employment Minister also said the government is implementing various schemes for generating more employment

Canada sheds 71,000 jobs in November, unemployment rate rises to 5.9%

Most recent indicators have heralded a slowing of the economy as the end of 2019 approaches.

New govt to ensure 80% jobs for locals: Maharashtra Governor B S Koshyari

Koshyari made the announcement while addressing the joint sitting of the state legislature at Vidhan Bhawan in which he laid out the new government's broader agenda for the coming years

158 IIT Madras students get pre-placement offers, up 17% over last year

170 firms in phase-I of placements will recruit for 322 profiles, 35 of which will be international

Urban jobless rate down to 9.3% in Q4FY19, lowest in at least four quarters

The fall in the unemployment rate, by weekly status methodology basis, came as employment among regular wage employees and a section of self-employed workers increased during the period

Economic insecurity of youth to shape India's politics, says report

The issue of unemployment and underemployment has been an unavoidable topic in India's politics and slower economic growth has translated to poor employment numbers

Tata Steel to cut 3,000 European jobs due to excess supply, high costs

The company says there will be no plant closures; the aim is to ensure long-term future

Demonetisation, 3 years on: A look at impact on key sectors of the economy

With three years of data available to back or reject the various assertions and assumptions, Business Standard looks at the Modi govt's most disruptive economic measure, the 'note ban'

Two studies and a tale of divergent views on employment in the country

One study points to a staggering drop of nine million jobs, the other says no jobless growth, but only the educated are getting employed