Sticky labour laws and a difficult business environment have led to employers shifting their new hiring in favour of contract labour where social security is much lesser, says Mahesh Vyas.
Alleging that Modi has launched a "big assault" on the workers, a combative Gandhi vowed to fight their battle like the Congress did for the farmers on the land acquisition bill.
Narendra Modi's pay-off from relaxing labour laws would be huge.
The West Bengal government is mulling amendment of labour laws to prevent strikes on "trivial issues", while also checking unfair labour practices.
The Indian economy needs to generate an average of nearly 78.5 lakh jobs annually until 2030 in the non-farm sector to cater to the rising workforce, according to the Economic Survey for 2023-24. The Survey tabled in Parliament on Monday also laid emphasis on the private sector's role to create employment in the country saying "In more than one respect, the action lies with the private sector. "In terms of financial performance, the corporate sector has never had it so good."
The blueprint submitted to the prime minister identified agriculture, infrastructure, manufacturing, education and sustainability as five key areas of focus. The government should 'encourage infrastructure funding by mandating five or six institutions to create an infra bond market", IMC president Gul Kripalani said in the Action Plan submitted to the prime minister.
IPO bound HMIL, which is also from South Korea, had faced severe labour unrest for nearly a decade till the realisation -- a worker's union cannot be avoided -- dawned on it.
The government has set up a high-level committee.
According to CITU, around 90% of the 1,723 workers of the Sriperumbudur plant are participating in the strike. Samsung said it is ready to talk to employees and not a third party like CITU.
'it's not just youth in India who are left behind because of their inability to find jobs; nearly two-thirds of Indian women of working ages do not participate at all in the paid labour force.'
Muhammad Yunus on Thursday promised to deliver a government which assures safety to its citizens, as the Nobel laureate returned to the protest-torn Bangladesh from Paris to take oath as the head of the interim government following the ouster of Sheikh Hasina.
The NHRC has observed that the content of the news report, if true, raise a serious issue of human rights of the workers in violation of the labour laws and the guidelines issued by the Union Ministry of Labour and Employment from time to time.
Bangladesh descended into chaos on Monday as Prime Minister Sheikh Hasina surreptitiously resigned and fled the country in a military aircraft while the Army stepped in to fill the power vacuum.
The number of fresh formal jobs generated in a month increased to a seven-month high in April, signalling a recovery in the formal labour market in the country, according to the latest monthly payroll data released by the Employees' Provident Fund Organisation (EPFO) on Thursday. In April, the number of new monthly subscribers under the Employees' Provident Fund (EPF) sequentially increased by 18.77 per cent to 887,438 from 747,146 in March.
Life has come full circle for Nobel laureate Professor Mohammad Yunus, who faced persecution during Sheikh Hasina's regime for embezzlement, is now all set to head of the interim government in Bangladesh after she resigned and fled the country.
The other members of the interim government will be finalised after consultations with various political parties, the press secretary added.
Moreover, the process to release those arrested between July 1 to August has started, and many have already been released, it added.
Britain's wealthiest family, the Hindujas, have said they were 'appalled' by a Swiss court's ruling of jail terms for some members and have filed an appeal in a higher court challenging the verdict finding them guilty of exploiting vulnerable domestic workers from India at their villa in Geneva.
The Bill will make it tougher for workers to go on strike.
Yunus, 84, was administered the oath of office by President Mohammed Shahabuddin at a ceremony at the presidential palace 'Bangabhaban'.
If the concerns over risking political capital are overcome, the long-term gains for the Indian economy will be immense, asserts A K Bhattacharya.
'The BJP's numbers in this government are almost the same as those enjoyed by the Congress under P V Narasimha Rao when the reform process was kicked off in 1991.' 'As before, the only constraints on the prime minister's actions are internal, not external.' 'They come from his own assessment of the political consequences of any action,' points out Mihir S Sharma.
Contract workers are paid much less than regular workers. This year's Economic Survey estimates wages are on an average 20 times higher in the formal sector than in the informal sector. Arindam Majumder reports.
Two days after five Chinese nationals were killed in a suicide attack at a hydropower project in Khyber Pakhtunkhwa in Pakistan, a Chinese company has suspended civil works and laid off hundreds of workers at another hydropower project in the same restive province, according to media reports on Thursday.
'Companies like Tesla and others have been given a long rope in India.'
'You have to have commitment to both, but it has to be done at the individual level.'
India's stiff labour laws were one key issue that Apple CEO Tim Cook discussed with Prime Minister Modi on his recent visit.
India, the US and 12 other members of the IPEF grouping have signed a supply chain resilience agreement that would help mitigate risks of economic disruptions from supply chain shocks and improve crisis coordination. The agreement would help member countries like India to reduce their dependence on China and provide timely information to the IPEF member countries about potential supply disruptions. The COVID outbreak severely disrupted the global supply chain, as most countries were dependent on China for various products like pharma raw materials.
Left party members in Rajya Sabha were on their feet on Thursday demanding an assurance from the government that permanent jobs would not be brought under contract.
The proposed changes to the child labour law to allow children and adolescents to work for their families would be most retrograde and regressive, say Shinzani Jain and Paranjoy Guha Thakurta.
Assuming we still have a Modi-led majority government after May 2024, there is no guarantee that reforms will move at anything more than a snail's pace, though we must be thankful even for that, notes R Jagannathan.
'When manufacturing or even services cannot generate the kind of employment they are looking for, they prefer to be unemployed rather than under-employed.'
While the country's unemployment rate is falling, the quality of employment seems to have taken a hit. The pace of formalisation slowed in the five months of the current financial year (April-August) with more than half a million fewer formal jobs created in the period compared to the same period last year, according to data from the Employees' Provident Fund Organisation (EPFO). The payroll data showed that cumulatively 4.92 million new subscribers joined the social security organisation between April-August this year, compared to 5.51 million subscribers in the same period in the previous year, reflecting a 10.7 per cent decline in the number of new payrolls created.
Tamil Nadu, claiming to be the Detroit of India, has labour unrest in the automobile industry, among others.
Talks to sort out the 10-day workers' agitation at the Gurgaon apparel factory of Viva Global, a supplier to British retail outlet Marks & Spencer, got postponed.
The divestment department has proposed that public sector units involved in mining ores alone should qualify for 'natural asset' status while imposing additional norms concering employment of labour.\n\n\n\n
Vasundhara Raje may have had her faults but she is an unconventional and brave leader who deserves better, observes Aditi Phadnis.
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