THINK LABOR To keep up with everything skilling & employment |
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Hi Reader, We hope this spring season has filled you with new energy and zest for life! This edition is the silver lining we all have been waiting for. India's GDP is steadily getting back to pre-Covid times, improving employment scenario in the country. There has been a sustained demand for employment, both in the agricultural sector as well as in the non-agricultural sector, with average rural wage increased 4.4% for men and 4.6% for women. Additionally, several indicators show increase in formal sector jobs. However, the challenges with women labor force participation in formal and informal economy coupled with other challenges such as access to social security, tax benefits still prevail and we have a long way to go in solving the livelihood crisis. |
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In FY 2021-22 Pratham helped over 22,500 youth from across the country find jobs, despite the challenges of the pandemic. As the new financial year begins we are once more on the look-out for passionate individuals who are seeking opportunities in the development sector, to join our team. It is a chance to work on cutting-edge solutions which will transform the way youth are supported in India. If you are interested think no further and start applying. To others, if you know of anyone who would be interested, please share! Below is the application link for further details. |
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| | Monthly Economic Review As per Department of Economic Affair's report, the real GDP in Q3 of 2021-22 has reached 106.2 per cent of the pre-pandemic Q3 output of 2019-20. The growth clearly shows the pace of the Indian economy in achieving resilient growth and recovery and reiterates the country's strong macroeconomic fundamentals. | | |
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| | Labor and Employment: Annual Report This annual report by Ministry of Labor and Employment highlights all major happenings in everything related to labor. The report details out changes in wage ceilings, improved social security to the workers of the unorganized sector, special emphases to migrant workers by providing health and life insurance. | | |
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| | Contract based women workforce in India Out of 149.8 million only 12% of women have a written contract for their job and only 4% of them benefit from the tax exemptions under section 88C. | | |
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| | Indian job market shows highest growth Indian economy has overcome setbacks and challenges caused by the Covid-19 pandemic and now see a momentum with hiring exceeding pre-Covid-19 levels. | | |
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| | Unemployment rate decreasing in India The overall unemployment rate has come down to 7.97% Karnataka and Gujarat registered the least unemployment rate at 1.8.% each in March, 2022. | | |
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