National Jobs
Policy : Treasure Hunt
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[ To find the treasure , click away on the links ]
News Report Source : MoneyControl
National
employment policy on the cards in budget 2018
The government in the next budget (
1 ) might introduce a national employment policy (
2 ) outlining a comprehensive blueprint
( 3 ) to generate quality jobs (
4 ) in every industry.
Prompted by the rising
unemployment ( 5 ) in the country, the
government in the next budget might introduce a national employment
policy ( 6 ) outlining a comprehensive ( 7 ) blueprint
to generate quality
jobs ( 8 ) in every industry.
The policy blueprint will be shaped by economic
( 9 ) , social
( 10 ) and labour
policy ( 11 ) interventions, the Economic Times reported.
The policy is likely to be announced in
the upcoming Budget, which will be the last one from the current Prime Minister
Narendra Modi-led government before general
elections ( 12 ) in 2019.
The employment
policy ( 13 ) will have many sides and applications
( 14 ) .
It will incentivize
employers ( 15 ) to create
more jobs ( 16 ) , introduce economic
reforms ( 17 ) appealing to companies along
with supporting the medium
and small scale industries ( 18 ) which provide
a huge
chunk of jobs ( 19 ) , a senior government official told ET.
But there are not
enough jobs ( 22 ) to engage them and thus, the unemployment
issue ( 23 ) has risen to the extent of electoral
importance ( 24 ) —used by opposition
parties ( 25 ) to attack the Modi-led government.
The job
generation ( 26 ) speed faced a six-year low in 2015 as only 135,000
new jobs were created compared to 421,000 jobs in 2014 and 419,000 in 2013, as
per a quarterly
industrial survey ( 27 ) conducted by the Labour Bureau under the labour
ministry ( 28 ) .
Another significant aim of the policy
would be to engage
more workers ( 29 ) in the country’s organised
sector ( 30 ) because that would get them minimum
wages ( 31 ) and social
security ( 32 ) , the government official told the newspaper.
The policy could actually be impactful
in this regard as over 90 per cent of workers in India are engaged in the informal
sector ( 33 ) and hence, does not benefit from
any social security law or minimum
wage ( 34 ) rule.
The government is
closely assessing the labour conditions and employment trends ( 35 ) in the country in order to lay out specific targets ( 36 ) and set up a monitoring system ( 37 ) .
The things the
government is looking at include demographic
composition of workers ( 38 ) , employment
challenges ( 39 ) in different sectors, and the overall macroeconomic
condition ( 40 ) .
Cross Reference :
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16 Dec 2017
www.hemenparekh.in
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