THINK LABOR To keep up with everything skilling & employment |
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Dear Reader, Welcome to the May edition of our newsletter. As we commemorate International Workers Day on May 1st, we embark on a captivating exploration of the world of labor. Our special focus this month is on the gig economy in India, exploring its rapid expansion and its dynamic nature in the employment landscape. In this edition, we present four insightful reports that delve into diverse topics. Discover the philanthropy landscape, gain insights into women's interactions with the law and their economic participation, and explore the important issue of wage protection for migrant workers. Additionally, our In the News section highlights initiatives aimed at skilling transgender individuals, jail inmates, and school students. Join us as we uncover valuable information and trends that shape the ever-evolving world of employment. |
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Decoding the Gig Economy in India The gig economy in India has brought about a transformative change in the employment scenario, marked by flexible work hours, on-demand service, but also limited social protection. India's gig economy employed 7.7 million workers in 2020-23 and is expected to reach 23.5 million by 2029-30, as per NITI Aayog. It is crucial for policymakers to address the challenges and opportunities presented by the gig economy, particularly for those in the low-skilled sectors. |
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| | India Philanthropy Report 2023 The report by Bain and Company highlights the catalytic role played by private philanthropy within India in bridging various efforts by government, businesses, etc. It states that India’s social sector spending of GDP grew from 8.6% in FY 2021 to 9.6% in FY 2022 due to 35% growth in public spending. | | |
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| | Women, Business & Law This report published by the World Bank Group presents 8 indicators structured around women's interactions with the law throughout their lives and careers and identifies barriers to women's economic participation. The report states that women globally enjoy only 77% of men's legal rights. | | |
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| | Ministry of Labor & Employment This Annual Report 2023 covers issues like labor welfare, occupational safety, women and work, gender budgeting, international cooperation, etc. According to the report, unorganized sector employs around 81% of India's workforce, lacking formal employer-employee relationships. | | |
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| | Wage Protection for Migrants This report published by International Labor Organization unorganized sector employs around 81% of India's workforce, lacking formal employer-employee relationships and adequate social security protection. Regulatory measures aim to address wage payment issues non-payment, delayed payment, underpayment, etc. | | |
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| | Skill Training for Transgender persons Pernod Ricard India partners with NSDC to skill train 240 transpersons in Mumbai, promoting livelihood creation and combating gender-based discrimination. | | |
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| | CBSE adds skill subjects for 6th-8th CBSE expands curriculum to include subjects like AI, AR, financial literacy, and more from 6th grade onwards, offering school a choice of 33 subjects. | | |
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| | Skill Training for jail inmates 133 jail inmates in Vadodara were trained in courses such as plumber, technician, carpenter, painter, electrician. Of them, 87 were awarded certificates. | | |
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