Employment Current Affairs - 2020

ILO-ADB Report: 41 lakh Indian Youths to lose job due to COVID-19

The International Labour Organization and the Asian Development Bank prepared a joint report on “Tackling COVID-19 Youth employment crisis in Asia and Pacific”. The report says that around 41 lkahs of Indian youth are to lose their job due to COVID-19 crisis. Highlights The report prepared jointly by the international organizations say that the major Read More…

Facts Box: Consumer Confidence Survey

The Reserve Bank of India recently released its report of Consumer Confidence Survey. According to the survey, consumer confidence has dropped to a record low. Highlights The current index dropped to 53.8 in July, 2020 from 63.7 in May. The survey was conducted through telephonic interviews in thirteen major cities. Key findings of the survey Read More…

Actor Sonu Sood launches “Pravasi Rojgar App”

On July 22, 2020, actor Sonu Sood launched “Pravasi Rojgar App”. The application provides all necessary information to find jobs and offer specific job training programmes. Highlights The actor has been helping migrant workers reach their homes during lock down. The application “Pravasi Rojgar” will act as a platform for the workers to find right Read More…

National Employment Policy

The Ministry of Labour is to fast track the National Employment Policy. The main idea of framing the National Employment Policy is to lay out a roadmap that will provide incentives for employment generation. Highlights The policy will aim at absorbing additional 5 million workforce every year. Also, the policy will focus on formalizing 500 Read More…

Institute for Management Development releases World Competitive Index

The Institute of Management Development recently released the World Competitive Index. India ranked 43rd in the ranking. Highlights In 2019, India was at the 43rd ranking. Since 1989, India had ranked 41st in the World Competitiveness Ranking. However, it slipped to 45th rank in 2017 and secured 44th in 2018. The continuous low ranking of Read More…