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Tag: Labour Ministry

Unemployment: For Every Rs 100cr Investment, Only 24 Jobs Created In Odisha
Unemployment: For Every Rs 100cr Investment, Only 24 Jobs Created In Odisha

Bhubaneswar: Even as Odisha government is on the overdrive to bring investments into the State to give a boost to the employment generation, the state of joblessness seems to be on the rise in the State. A cursory glance at the registration of the unemployed youths from the State in the Union Ministry of Labour’s […]

EPFO Interest Rate Reduction: Good News From Finance Ministry

Good news for the Employees’ Provident Fund Organisation (EPFO) subscribers as the Labour Ministry has rejected a proposal from the Finance Ministry to slash interest rate offered by the EPFO. After the Finance Ministry reduced interest rate on General Provident Fund (GPF) and other similar funds to 7.9 per cent from 8 percent for the […]

Government forms two cabinet panels to check falling growth, employment

New Delhi: Hit hard by the 5-year low GDP growth and a 45-year high unemployment rate of 6.1 per cent, the newly formed Modi government swung into action and on Wednesday, as it formed two new cabinet committees to check the declining trend in growth and employment and spur demand as well as consumption. A […]

UPSC Recruitment: Commission accused of Faulty Selection Process!

New Delhi: In what may question the recruitment procedure undertaken by the Union Public Service Commission (UPSC), the Central Administrative Tribunal has set aside the selection of candidates by the UPSC to 57 posts in the Ministry of Labour and Employment in 2013, saying it disregarded the principles laid down by the Supreme Court for […]

India's Employment Rate
3 years into BJP government, unemployment rate slightly up

India’s unemployment rate has registered a slight increase since the Bharatiya Janata Party (BJP) government began its term in May 2014, despite the governments professed emphasis on job-creation, according to an analysis of government data. The unemployment rate in 2015-16 was five per cent of the labour force, up from 4.9 per cent in 2013-14, […]