Employment Current Affairs - 2020

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DefExpo 2020: Uttar Pradesh is to sign 23 MoUs and create 3 lakh job opportunities

The DefExpo was inaugurated by PM Modi on February 5, 2020. During the Defence Exhibition the Uttar Pradesh Government is to sign 23 MoUs.  The agreements will bring in Rs 50,000 crores of investment. This will bring in job opportunities to 3 lakh people.

Highlights

The DefExpo 2020 being held in Lucknow (Uttar Pradesh) is the biggest ever Defence Exhibition. The Exhibition aims at making India a technological power house through initiatives such as Start up India, Skill India and Make in India.

Governmental Measures

In order to boost the defence sector, the Indian Government has taken several measures. It has liberalized the FDI (Foreign Direct Investment) to 49% through direct route. Also, GoI liberalized the FDI through government route to 100%.

About DefExpo

The DefExpo is biennial event organized by Ministry of Defence. The 11th edition of the event promises to bring in new technological solutions. Defence Ministers from 40 countries are attending the event.

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Portal Santusht launched: To implement policies of Labour Ministry at grass root level

The Portal Santusht is an Implementation Monitoring Cell that was launched by the Ministry of Lobour and Employment in January 2020. The portal addresses delivery of public services, their transparency, accountability, schemes and policies at grass root level.

Highlights

The portal aims to address the speedy redressal of grievances of workers ans employers. It monitors services that are provided by the health insurance and EPFOs (Employment Provident Fund Organization). Also, it monitors the services provided by the ESICs (Employment State Insurance Corporation) to the formal sector workers.

ESIC

The ESIC is a statutory body administered by the Ministry of Labour and Employment. The Corporation can raise loans, acquire movable and immovable properties. It can also set up hospitals in collaboration with the state governments for the benefit of the employees. The ESIC is governed by the ESI (Employment State Insurance) Act.

EPFO

The EPFO is also a statutory body formed and operated under Employment Provident Fund and Miscellaneous Provisions act, 1952. It is also operated under Ministry of Labour and Employment.

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