Unemployment Current Affairs - 2020

ESIC extends Atal Bimit Vyakti Kalyan Yojana

On August 21, 2020, the Employee State Insurance Corporation (ESIC) extended the unemployment benefit scheme Atal Bimit Vyakti Kalyan Yojana till June 2021. Highlights The Atal Bimit Vyakti Kalyan Yojana is being implemented by Employee State Insurance Corporation. The scheme was approved under the Employees State Insurance Act, 1948. The scheme aims to support the Read More…

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…

Haryana to Reserve 75 percent Jobs with Less than Rs 50,000 Salary in the Private Sector of the State for Locals

In order to address the growing rate of unemployment in the state on a priority basis, under the chairmanship of the Chief Minister of Haryana Manohar Lal Khattar, the Haryana Cabinet on 6th July 2020 has approved a proposal for drafting an Ordinance under which 75 percent of the jobs with a salary of less Read More…

Unemployment Rate fell to 10.9 % in June from 23.5 % in May 2020

With Unlock 1 from 8th June 2020, economic activities have resumed in the country as a result of which after two months the unemployment rate has fallen significantly. As per the data for the month of June 2020 released by the Centre for Monitoring Indian Economy (CMIE), the unemployment rate in June 2020 was 10.9 Read More…

Periodic Labour Force Survey: Decline in Self-Employed households

The National Statistical Office recently released the Periodic Labour force Survey. According to the survey, the percentage of self-employed households in rural India declined from 52.2% to 51.7% in the year 2019. Highlights The Survey says that in Urban India the self-employed households declined from 32.4% to 31.8%. The decline in rural India is mainly Read More…