labour market Current Affairs - 2020

United Nations releases World Economic Situation and Prospects Report, 2020

The United Nations recently released the World Economic Situation and Prospects Report, 2020. According to the report, the world economy is to shrink by 3.2% in 2020. The GDP growth in developed countries will decline to -0.5% in 2020. Highlights: India The report says that the growth rate of India in 2018 was 6.8% and Read More…

GoI completes integrating Cold Chain Projects

On May 5, 2020, the Ministry of Food Processing held video conference to discuss about the completion of the integration of cold projects in the country. The promoters of the project were the main participants of the conference. Highlights Over 38 cold chain project promoters participated in the conference. The promoters shared their challenges and Read More…

TIFAC to come up with COVID-19 revival strategy

A team of scientists from Technology Information Forecasting and Assessment Council (TIFAC) is to prepare a revival strategy to help in the growth of Indian Economy post COVID-19 lock down. Highlights The strategy is to strengthen Make in India initiative, develop technology driven transparent Public Distribution System, reduce imports, efficient rural health care delivery, adoption Read More…

GoI: 20 Control rooms set up to address wage-related issues

The Ministry of Labour has set up 20 control rooms to address wage related issues. They can be accessed by the workers through phone numbers, emails and WhatsApp. Highlights The Ministry of Labour has set up helpline for workers mainly to address the grievances of migrant workers. Also, the workers can register their complaints through Read More…

Facts Box: ILO’s Labour Report, 2020

The International Labour Organization released its “The World Employment and Social Outlook: Trends 2020” (WESO) report. The report stated that the global unemployment has been stable for the last nine years. However, slowing economic growth means that for the increasing labour force, no new jobs are created. Highlights: World The report has projected that the Read More…